National Business

WASHINGTON (AP) — The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate. The government had previously estimated that the economy expanded at a 3.

BEIJING (AP) — China on Thursday said it will lift tariffs placed on Australian wine over three years ago, in a sign of improving ties between the two countries. China’s Ministry of Commerce said the decision will take effect Friday.

BALTIMORE (AP) — The cargo ship that lost power and crashed into a bridge in Baltimore underwent “routine engine maintenance” in port beforehand, the U.S.

DELTA, B.C. — British Columbia's Environment Ministry says a marine jetty project in the city of Delta to facilitate liquefied natural gas exports has been issued an environmental assessment certificate.

NEW YORK (AP) — Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (22,107.08, up 194.56 points): Argonaut Gold Inc. (TSX:AR). Mining. Up 10 cents, or 31.67 per cent, to 39.5 cents on 35.

TORONTO — Canada's main stock index gained almost 200 points Wednesday on broad-based strength led by base metals and industrials, while U.S. markets also rose, led by a 1.2 per cent gain on the Dow. The S&P/TSX composite index closed up 194.

KINGSTON, Ont. — An Ontario-based powdered milk manufacturer says it has the green light to start making baby formula. Canada Royal Milk in Kingston says the Canadian Food Inspection Agency has approved its application to produce infant formula.

NEW YORK (AP) — U.S. stocks rose to a record Wednesday after breaking out of their three-day lull. The S&P 500 climbed 44.91 points, or 0.9%, to 5,248.49. It was the first gain for the index since setting its last all-time high on Thursday.

MONTREAL — A major transport company has rerouted cargo away from the Port of Montreal over fears of a potential strike, prompting concerns that others may follow in its wake.