National Business

Experts say Canada’s plan to increase immigration may ease some pressures in the labour market, but bigger changes are needed to ensure new permanent residents are matched with the jobs that most need filling.

TORONTO — Canaccord Genuity Group Inc. has signed a deal to acquire the Canadian private wealth business of Mercer Global Investments Canada Ltd. Financial terms of the agreement were not immediately available.

MONTREAL — CGI Inc. reported a first-quarter profit of $382.4 million, up from $367.4 million a year earlier, as its revenue rose more than 10 per cent. The technology and business consulting firm says the profit amounted to $1.

TORONTO — A report from an investor-focused advocacy group raises questions about how well some of Canada's biggest investors are meeting their climate commitments.

LONDON (AP) — Europe's inflation rate dipped at the start of the year, giving some relief to consumers but still leaving them facing higher prices. The consumer price index for the 20 countries that use the euro currency fell to 8.

CALGARY — Canadian Pacific Railway Ltd. is on a hiring spree as it awaits regulatory go-ahead for its acquisition of Kansas City Southern.

TORONTO — Canada's main stock index gained almost 200 points Tuesday with broad-based strength across sectors while U.S. markets also rose, erasing Monday's losses. The S&P/TSX composite index was up 195.27 points at 20,767.38.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,767.38, up 195.27): Enbridge Inc. (TSX:ENB). Energy. Up 21 cents, or 0.39 per cent, to $54.48 on 19 million shares.

VANCOUVER — Home sales in Greater Vancouver are predicted to stay in line with last year’s slower pace, while prices inch up slightly. The forecasts are contained in the Real Estate Board of Greater Vancouver's outlook for 2023 released Tuesday.

NEW YORK (AP) — Wall Street closed out a strong January with more gains. The S&P 500 rose 1.5% Tuesday, marking its third winning month in the last four. The Dow rose 1.1% and the Nasdaq rose 1.7%.