National Business

HAMILTON — Stelco Holdings Inc. capped its most successful year by swinging to a $513-million profit in the fourth quarter on a near tripling of revenues due to soaring prices. The Hamilton, Ont.-based steelmaker says it earned $6.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,744.17, down 163.65 points.) Manulife Financial Corp. (TSX:MFC). Financials. Down 28 cents, or 1.1 per cent, to $26.00 on 24.

MILAN (AP) — As Europe braced for winds from a possible war in Ukraine, the Italian fashion world carried on with a Milan Fashion Week that brought the return of Russian buyers after two years and the easing of pandemic travel restrictions.

CALGARY — Oil prices are rapidly heading toward US$100 a barrel, but analysts say the chances of crude smashing that threshold greatly depends on what happens next in Ukraine.

NEW YORK (AP) — The final scores are in, and NBC is no doubt happy to put the Beijing Winter Olympics in the rear-view mirror. The games reached an average combined audience of 11.

TORONTO — North American stock markets faded midweek with all three U.S. markets moving into correction territory while crude oil prices continued to rise on mounting tensions in Ukraine.

MONTREAL — With the Omicron variant in retreat, Canadians looking to get away for spring break now have a more robust range of travel insurance options.

Gildan Activewear Inc. raised its dividend nearly 10 per cent Wednesday as it laid out its plan to grow sales and earnings over the next three years.

VANCOUVER — The redevelopment plan for the Hudson's Bay building in downtown Vancouver will include a 12-storey office tower that keeps the century-old facade of the retail store. Hudson's Bay Co.

LAVAL, Que. — Bausch Health Companies Inc. reported a profit in its latest quarter compared with a loss a year earlier. The company, which keeps is books in U.S.