National Business

A new report says the annual levy charged to Alberta oil companies to fund the cleanup of orphaned oil and gas wells remains too low to clear the backlog or keep up with the rate of surrendering.

NEW YORK (AP) — Wall Street’s roller-coaster ride created by President Donald Trump’s trade policies whipped back upward on Tuesday, this time because of a delay for his tariffs on the European Union .

FREDERICTON — The premier of Prince Edward Island is asking the federal government for an update on the timeline to reduce the tolls for the Confederation Bridge and Northumberland Ferries to improve interprovincial trade to and from the mainland.

TORONTO — Hudson's Bay made a whopping, 590-page court filing late Monday that offers insight into how Canada's oldest company is winding down.

OTTAWA — The federal government moved on Tuesday to purge consumer carbon pricing from law, effectively putting an end to what was once the keystone of the Liberals' climate policy.

TORONTO — Strength in the utility, financial and technology sectors helped Canada's main stock index gain almost 200 points on Tuesday, while U.S. stock markets also climbed. The S&P/TSX composite index was up 195.87 points at 26,269.00.

TORONTO — The Hudson's Bay trademarks Canadian Tire hopes to acquire span well beyond the retailer's name, coat of arms and iconic stripes, new court documents show.

VANCOUVER — Telus Corp. has announced it will spend more than $70 billion over the next five years to enhance connectivity, including through improvements to its network infrastructure and by building artificial intelligence data centres.

HANTSPORT — A First Nation in Nova Scotia has established a new commercial security company, a move its chief says is another example of the First Nation’s commitment to securing financial independence.

TORONTO — Cautious borrowers and a worsening economic outlook pushed Scotiabank earnings slightly down in the second quarter from last year as the bank put aside more money for potentially bad loans ahead. The bank reported a net income of $2.