National Business

MONTREAL — Lightspeed POS Inc. says it has reached agreement on an acquisition valued at US$350 million that will beef up its presence in Asia-Pacific.

VANCOUVER — CanWel Building Materials Group Ltd. is reporting higher fourth-quarter revenue and earnings on strong demand and prices for its products thanks to surging home improvement and new home construction activity.

DUBAI, United Arab Emirates — Iranian authorities have arrested multiple music producers connected to a California-based Iranian pop singer, his management company and Iranian media said Thursday, in Tehran’s latest effort to halt what it deems decad

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (18,844.57, up 154.57 points.) ClearStream Energy Services Inc. (TSX:CSM). Energy. Up three cents, or 46.15 per cent, to 9.

MONCTON, N.B. — Organigram Holdings Inc. stock soared by more than 40 per cent Thursday as a subsidiary of one of the globe's biggest tobacco companies purchased a stake in the business. Organigram's stock jumped by $1.45 to reach $5.

CALGARY — The Alberta Energy Regulator says Land Petroleum International Inc. has been ordered to pay an $80,000 fine for failing to allow AER staff access to a natural gas processing plant to inspect it in August 2018.

TORONTO — A broad-based rally moved Canada's main stock index further into record territory, while the loonie hit a two-week high. The S&P/TSX composite index closed up 154.57 points to 18,844.57 after setting a intraday record of 18,881.17. U.S.

TORONTO — Ontario is set to deliver a budget later this month that the finance minister promises will have no tax hikes or spending cuts as the province focuses on fighting the pandemic.

VANCOUVER — The British Columbia Real Estate Association says homes sales in the province moved at a "blistering pace" in February, up just over 89 per cent compared with the same period last year.

LONDON — Christie's says it has auctioned off a digital collage by an artist named Beeple for nearly $70 million, in an unprecedented sale of a digital artwork that fetched more money than physical works by many better known artists.