National Business

MONTREAL — Engine supplier Honeywell International Inc. must negotiate with Bombardier Inc. on the cost of the jet engines it rolls out for the Montreal-based plane maker, a Quebec Superior Court judge has ruled.

TORONTO — Wayfair says about 50 Canadians are part of a layoff impacting 1,650 employees at the home goods company. Spokesperson Susan Frechette says the 50 Canadians are all in Ontario.

DAVOS, Switzerland (AP) — Business and political elites descended on the Swiss Alpine snows of Davos to suss out “rebuilding trust” in a splintering world.

Canada's holiday sales period got underway in November with a 0.2 per cent decline in retail sales led by falling purchases at food and beverage retailers.

TORONTO — Blackstone Real Estate says it will purchase all outstanding shares in Tricon Residential Inc. and take the Toronto-based rental development company private. New York-based Blackstone says it will pay about US$11.

MONTREAL — Best Buy Canada and Bell Canada have announced a partnership to rebrand and revamp 165 The Source stores.

Avoiding commercials on the Crave streaming service is about to get a little costlier. Bell Media has told Crave subscribers who use its "premium ad-free" package that they'll now have to pay $22 per month — an increase of $2.01.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,756.73, up 61.71 points): Enbridge Inc. (TSX:ENB). Energy. Down 48 cents, or 0.98 per cent, to $48.29 on 15.6 million shares.

CALGARY — Shares of Birchcliff Energy Ltd. fell more than nine per cent in trading on Thursday after the company cut its quarterly dividend in half and lowered its expectations for capital spending and production for the year.

TORONTO — Strength in industrial stocks helped Canada's main stock index post a small gain Thursday, while U.S. markets rose, more than reclaiming Wednesday's losses. The S&P/TSX composite index closed up 61.71 points at 20,756.73.