National Business

WINNIPEG — Exchange Income Corp. has entered into an agreement to buy Canadian North. The northern airline is set to be purchased for $205 million.

TORONTO — Spin Master Corp. says it earned US$21.1 million in the fourth quarter. That's up from a loss of US$30.1 million a year earlier. Revenues for the toy and entertainment company totalled US$649.1 million, up from US$502.

CALGARY — Alberta Premier Danielle Smith says her government plans to spend $180 million over three years to build two involuntary drug addiction treatment centres.

MONTREAL — TFI International Inc. says it's going to stay a Canadian corporation instead of moving to the U.S. as previously announced. The company announced last week it would relocate its legal headquarters south of the border to boost U.S.

TORONTO — Canada's main stock index edged higher Monday as gains in the telecom sector helped offset losses in energy and industrials, while U.S. stock markets were mixed and the Nasdaq lost 1.2 per cent.

SAINT JOHN, N.B. — Irving Paper Ltd. announced Monday it is shutting down half of its operations, blaming what it called "uncompetitive" industrial electricity rates in New Brunswick.

TORONTO — Toronto FC has sent teenage defender Adam Pearlman on a season-long loan to Halifax Wanderers FC of the Canadian Premier League. The 19-year-old Canadian youth international from Maple, Ont.

NEW YORK (AP) — U.S. stocks drifted lower following their sharp losses from last week. The S&P 500 fell 0.5% Monday after flipping between small gains and losses through the day. The Dow Jones Industrial Average added 0.

Online marketplace Temu is moving deeper into Shopify Inc.'s home turf with a program that allows Canadian businesses to sell goods through the e-commerce platform to customers in the country.

A running list of election promises announced by the Ontario Progressive Conservatives, NDP, Liberals and Greens in the province's snap election campaign. The vote is set for Feb. 27. Progressive Conservatives Feb.