National Business

TORONTO — Law firm Koskie Minsky LLP says Daimler AG and North American Mercedes-Benz subsidiaries have agreed to pay $243 million to settle a class-action lawsuit with the owners of 83,000 diesel vehicles in Canada.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,890.62, down 34.87 points.) Enbridge Inc. (TSX:ENB). Energy. Up four cents, or 0.08 per cent, to $48.08 on 7.7 million shares.

TORONTO — Canada's main stock index moved lower, lagging U.S. markets which rose even though inflation numbers hit a 39-year high.

WASHINGTON (AP) — The U.S. budget deficit totaled $356.4 billion in the first two months of the budget year, down 17% from the same period a year ago thanks to a sharp jump in government revenues that offset a smaller increase in spending.

WASHINGTON (AP) — A warehouse worker in Tennessee is running up against price increases that far exceed her modest pay raise. The owner of a pastry business in Massachusetts has had to reduce his product offerings and personally absorb higher costs.

MONTREAL — Laurentian Bank of Canada raised its dividend Friday as it reported a fourth quarter loss related to restructuring charges, while adjusted profits showed gains from a year earlier.

CALGARY — Kansas City Southern shareholders gave a bright green light Friday to the railway's takeover by Canadian Pacific Railway Ltd. Shareholders voted 99.

NEW YORK (AP) — Books and authors mattered in 2021, sometimes more than the industry wanted. A 22-year-old poet became a literary star.

OTTAWA — The federal banking regulator is holding the domestic stability buffer at 2.5 per cent as it says the economy continues its recovery and Canada's largest banks remain robust.

OTTAWA — Statistics Canada says the amount Canadians owe relative to how much they are earning rose in the third quarter, pushed higher by growing mortgage debt.