National Business

CALGARY — WestJet says it has temporarily suspended transatlantic service between three Canadian cities and Europe. The airline announced it is pausing transatlantic service between Halifax and Europe as part of its 2023 summer schedule on Monday.

TORONTO — DBRS Morningstar says quick-service restaurants will have an easier time weathering the coming economic storm than full-service restaurants, as rising costs and slowing consumer spending weigh on the already embattled industry.

American consumers are kicking off 2023 slightly less confident than they were at the end of last year as inflation and the possibility of a recession loom. The Conference Board reported Tuesday that its consumer confidence index slipped to 107.

Instead of hopping on a plane to travel, Michael Downie opts for the train. “You have your bedroom, you get three meals a day, and you just look out the window and watch the country go by. You get to experience all of it,” said Downie.

WASHINGTON (AP) — Pay and benefits for America's workers grew at a healthy but more gradual pace in the final three months of 2022, a third straight slowdown, which could help reassure the Federal Reserve that wage gains won't fuel higher inflation .

TORONTO — Aimia Inc. says it has signed a deal to buy rope and net maker Tufropes for $249.6 million. Under the deal, Paladin Private Equity LLC will be Aimia's partner. It will have an option to acquire up to a 19.

WASHINGTON (AP) — The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against

WINDSOR, Ont. — Postmedia Network Corp. has cut more than 75 jobs by outsourcing the printing and insertingof the Windsor Star, according to Unifor and CWA Canada.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,572.11, down 142.37): Manulife Financial Corp. (TSX:MFC). Financials. Down four cents, or 0.15 per cent, to $26.11 on 14.

TORONTO — Canada's main stock index was down almost 150 points Monday with broad-based losses, while U.S. stock markets retreated further from last week's gains. The S&P/TSX composite index was down 142.37 points at 20,572.11.