National Business

MONTREAL — Lightspeed Commerce Inc. is cutting about 280 jobs, less than two months after its founder returned to the helm of the Montreal-based technology company.

NEW YORK (AP) — Stocks closed mostly higher, as Wall Street steadied itself following its worst day in weeks. The S&P 500 rose 0.1% Wednesday, clawing back a bit of its loss from the prior day. The Dow Jones Industrial Average slipped 0.

MONTREAL — Swedish manufacturer Northvolt says it's forging ahead with plans to open an electrial vehicle battery megaplant near Montreal by 2026, despite a tight timeline and opposition from environmental groups.

A former BlackBerry Ltd. employee has filed a lawsuit against the company and its new chief executive John Giamatteo, who she claims sexually harassed her and then retaliated against her after she reported the behaviour.

MONTREAL — Shares of WSP Global Inc. fell in trading Wednesday after a prominent U.S. short-seller took aim at the engineering firm.

BURBANK, Calif. (AP) — Disney shareholders rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney Chief Financial Officer Jay Rasulo, who had sought seats on the company’s board.

WASHINGTON (AP) — Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong and that U.S.

TORONTO — The Toronto Regional Real Estate Board says Greater Toronto home sales in March were down 4.5 per cent from last year, but there was enough competition between buyers that the average home price rose moderately year-over-year.

VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in March fell from the previous year, as total sales were nearly one-third lower than the 10-year average.

TORONTO — DesRosiers Automotive Consultants Inc. says March auto sales were up 9.2 per cent from last year, but it marks a slowdown from a record February gain.