National Business

OTTAWA — Insolvencies in Canada surged by a third in January compared with a year ago as consumers struggled with rising prices and higher interest rates, the Office of the Superintendent of Bankruptcy said Wednesday.

TORONTO — Some Canadians will pay more to use their cellphones while travelling abroad beginning next week. Telus and Bell say they are raising roaming rates, effective March 8 and 9, respectively.

TORONTO — Aecon Group Inc. has signed a deal to sell its road building business in Ontario to Green Infrastructure Partners Inc. (GIP) for $235 million in cash.

TORONTO — The federal government's move to ban TikTok on its phones should make companies think twice about their data policies and consider blocking the app on its own devices, academics say.

Toronto Pearson International Airport plans to cap the number of flights into and out of Canada's largest air hub in peak travel periods this year, with a view to "flatten out" daily crests at airports awash in passengers.

VICTORIA — The British Columbia government released a budget Tuesday that promises billions in new spending on health, housing and cost-of-living supports, as well as a return to deficits.

TORONTO — Some of the most active companies traded Tuesdayon the Toronto Stock Exchange: Toronto Stock Exchange (20,221.19, down 38.94): Manulife Financial Corp. (TSX:MFC). Financials. Up 41 cents, or 1.54 per cent, to $26.98 on 24.2 million shares.

TORONTO — Aecon Group Inc. says its fourth-quarter earnings shot up by nearly two-thirds from the same period last year as the construction firm shored up its project backlog. The Toronto-based company says its net profit jumped to $19.

North American stock markets edged down Tuesday to close what has been a rough February for investors. The S&P/TSX composite index closed down 38.94 points at 20,221.19. In New York, the Dow Jones industrial average was down 232.

TORONTO — The outlook for commercial real estate looks "bumpy" in the near term, but CBRE's 2023 forecast predicts a soft landing could still be in the cards.