National Business

TORONTO — Canada's main stock index gained more than 100 points Thursday, led by strength in financial, industrial and telecom stocks, while U.S. markets were mixed, led by a gain of almost 1.5 per cent on the Dow Jones.

OTTAWA — The federal government is buying at least 14 Boeing surveillance planes from the United States to replace the aging CP-140 Aurora fleet, cabinet ministers announced Thursday. The deal costs more than $10.3 billion in total, including US$5.

TORONTO — Some of the most active companies traded Thursdayon the Toronto Stock Exchange: Toronto Stock Exchange (20,236.29, up 120.09): Manulife Financial Corp. (TSX:MFC). Financials. Up 34 cents, or 1.30 per cent, to $26.58 on 19.7 million shares.

MONTREAL — BRP Inc. saw its third-quarter profits tumble by half from a year earlier, triggering a stock price decline as the recreational vehicle maker felt the squeeze of sluggish consumer spending.

NEW YORK — Stocks ended mostly higher on Wall Street and closed out November with big gains. The S&P 500 rose 0.4% Thursday. The index rose 8.9% in November, its biggest monthly gain in more than a year.

Streaming giant Netflix says the CRTC should recognize the role it already plays in helping fund Canada's broadcasting industry and reject calls to mandate an additional payment from the company.

TORONTO — Several Canadian banks on Thursday reported fourth-quarter results that showed rising funds set aside for bad loans, and a heavy focus on expense management, as they prepared for the expected slower economy ahead.

NEW YORK (AP) — A New York appeals court Thursday reinstated a gag order that barred Donald Trump from commenting about court personnel after the former president repeatedly disparaged a law clerk in his New York civil fraud trial .

OTTAWA — The Canadian economy shrank in the third quarter as higher rates weighed on consumer and business spending, but has so far managed to skirt a recession after a significant upward revision to second quarter GDP figures.

TORONTO — TD Bank Group said it's cutting three per cent of staff and setting more money aside for souring loans as it reported fourth quarter results that reflect a deteriorating economic picture.