National Business

WASHINGTON (AP) — President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.

TORONTO — Canada's main stock index rose more than 100 points Thursday, helped by strength in industrial and utility stocks, while U.S. stock markets also rose.

NEW YORK (AP) — U.S. stocks rose to their first all-time high of 2025 as Wall Street regained a bit of the momentum that catapulted it to 57 records last year. The S&P 500 rose 0.

HALIFAX — Nova Scotia seafood industry representatives voiced concerned Thursday over comments from the premier that he's open to ending a moratorium on fossil fuel drilling in the rich Georges Bank fishing grounds.

Members of the family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.

TORONTO — Tesla Inc. is raising prices for its Canadian vehicles by thousands of dollars starting Feb.1 amid big shifts in incentives and rising trade tension.

WINNIPEG — Manitobans are going to pay a bit more for natural gas as well as propane used for home heating.

Members of the family who own OxyContin maker Purdue Pharma agreed to pay up to $7.4 billion in a new settlement to lawsuits over the toll of the powerful prescription painkiller, New York Attorney General Letitia James announced Thursday.

OMAHA, Neb. (AP) — Union Pacific reported 7% more fourth-quarter profit as the railroad prepared to deal with whatever challenges President Donald Trump's administration or the economy might present.

OTTAWA — Canadian retail sales in November were flat compared with October, but an early estimate by Statistics Canada pointed to a rebound in December which saw the start of Ottawa's GST/HST holiday.