National Business

NEW YORK (AP) — Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging.

TORONTO — Aecon Group Inc. says it earned $9.7 million in the fourth quarter of 2023, down from $19.7 million a year earlier. The Toronto-based company says revenue for the quarter ended Dec. 31 totalled $1.13 billion, down from $1.

TORONTO — Canada's main stock index moved a hair lower on Tuesday, while U.S. markets fell, led by the Nasdaq losing 1.65 per cent. Big technology stocks dragged down U.S. markets, said Anish Chopra, managing director with Portfolio Management Corp.

Flair Airlines chief executive Stephen Jones says he still hopes to add several Lynx Air planes to his fleet, even after their tentative merger fell through when Lynx shut down last month.

NEW YORK (AP) — Big Tech stocks pulled Wall Street down to its worst day in three weeks. The S&P 500 fell 1% Tuesday, its second straight drop after closing last week at an all-time high.

TORONTO — Bitcoin briefly touched an all-time high Tuesday of more than US$69,000 before losing thousands of dollars of value within hours.

TORONTO — The mid-January deadline for businesses to qualify for partial forgiveness of pandemic loans likely played a major role in driving up business insolvencies that month, said the Canadian Federation of Independent Business.

WINNIPEG — Manitoba's NDP government is expected to put forward changes sought by labour groups, likely including a ban on replacement workers, as part of its agenda for the spring sitting that is to start Wednesday.

HALIFAX — Nova Scotia's auditor general says the province's spending outside the regular budget process lacks oversight and is costing the government millions of dollars in interest.

A technical issue caused widespread login issues for a few hours across Meta's Facebook, Instagram, Threads and Messenger platforms Tuesday.