National Business

MONTREAL — Transport Minister Omar Alghabra said Tuesday the federal government will close a loophole that allows airlines to deny customers compensation for cancelled flights.

MONTREAL — The leasing company that seized four planes from Flair Airlines over the weekend said Tuesday the carrier routinely missed payments over the past five months.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,694.16, up 105.26): Canadian Natural Resources Ltd. (TSX:CNR). Energy. Down $1.51, or 2.02 per cent, to $73.23 on 19.

TORONTO — Canada's main stock index was up in late-morning trading, led higher by broad gains across all sectors, while U.S. stock markets were also up.

VANCOUVER — Shareholders of Ritchie Bros. Auctioneers Inc. approved the company’s deal to buy U.S. automotive salvage company IAA Inc. at a meeting Tuesday, the company said in a press release.

NEW YORK — Stocks closed higher on Wall Street as some of the most breathtaking moves from a manic Monday reversed course. The S&P 500 rose 1.7% Tuesday after a report showed inflation is still high, though no more than expected.

Ohio filed a lawsuit against railroad Norfolk Southern to make sure it pays for the cleanup and environmental damage caused by a fiery train derailment on the Ohio-Pennsylvania border last month, the state's attorney general said Tuesday.

TORONTO — TerrAscend Corp. says it has applied to list its common shares on the Toronto Stock Exchange.

OTTAWA — As the Liberal government drafts its spring budget, fiscal experts say it should consider stricter spending rules and higher taxes to improve federal finances.

Andrew Kavchak's decision to retire was less about taking time for himself, and more about taking care of his 22-year-old son, Steven, who has severe autism.