National Business

TORONTO — Canada's main stock index gave up early gains but still posted a small increase as crude oil prices hit a more than seven-year high and the central bank kept its key interest rate in check.

GENEVA (AP) — Pablo, meet Crypto.

The Los Angeles City Council on Wednesday approved a measure to ban new oil and gas wells and phase out existing ones.

TORONTO — DesRosiers Automotive Consultants says Canada produced just over 1.1 million light vehicles last year for the lowest level of production since 1967. The low production numbers, down from 1.

GATINEAU, Que. — Canada's broadcasting regulator says a prominent Dark Web marketplace has been taken off-line after it levied $300,000 in fines against four individuals linked to the business.

TORONTO — International technology conference Collision says it will return to hosting an in-person event this year in Toronto.

TORONTO — Brookfield Renewable has purchased clean power developer Urban Grid for US$650 million, making it one of the largest renewable energy developers in the United States.

TORONTO — TD Bank Group says it plans to hire more than 2,000 people to fill new technology roles this year as it pushes further into areas like artificial intelligence and cloud-based operations.

ST. JOHN'S, N.L. — Final commissioning for the beleaguered Muskrat Falls hydroelectricity project in Newfoundland and Labrador has been delayed once again.

SILVER SPRING, Md. (AP) — Sales of new single family homes in December rose to their highest level in 10 months as buyers took advantage of lower prices in anticipation of higher interest rates.