National Business

BlackBerry Ltd.'s chief executive says the company's preparations to divide up its business have so far produced millions in savings and put the business on a path to profitability. John Giamatteo told analysts Wednesday that the Waterloo, Ont.

Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,793.90, up 5.42 points): TC Energy Corp. (TSX:TRP). Energy. Down 69 cents, or 1.29 per cent, to $52.81 on 13.6 million shares.

CALGARY — Calgary’s mayor says if everything goes to plan, the city’s water-conservation crisis could be over by Canada Day.

ST. JOHN'S, N.L. — Power was restored Wednesday to two iron-ore mines and a small community in western Labrador after a ferocious wildfire jumped across a river and advanced quickly toward Churchill Falls, which is home to a massive power plant.

Canada’s main stock index stayed nearly flat Wednesday as shares bobbed along in what one portfolio manager calls a “floating pattern.” The S&P/TSX composite index crept up 5.42 points to 21,793.

ST. JOHN'S, N.L. — The federal government has ended the Newfoundland and Labrador northern cod moratorium, which gutted the province's economy and transformed scores of coastal communities after it was imposed more than 30 years ago.

CALGARY — A company that aims to develop the lithium that occurs naturally within Alberta's oilfield brines has pegged the estimated capital cost of its proposed Clearwater project at $2.47 billion.

Stocks drifted to a mixed close near the all-time highs they set last week. The S&P 500 index edged up 0.2% Wednesday. The Nasdaq composite rose 0.5%, and the Dow Jones Industrial Average edged up less than 0.1%.

CALGARY — Shell Canada is going ahead with its Polaris carbon capture project in Alberta.

HALIFAX — The federal government will help fund major renovations to the section of the Halifax airport where international travelers transfer to Canadian flights.