National Business

NEW YORK (AP) — CNN is bringing in a former chief executive of the BBC and The New York Times in an attempt to turn around a news organization that has burned through two leaders and bled viewers over the past two years.

TORONTO — When Indigo Books & Music Inc. opens the doors to its forthcoming location in downtown Toronto's Well building this September, shoppers will immediately realize the space is more than a bookstore.

Americans are feeling less confident financially as summer comes to a close and high prices and interest rates weigh on their willingness to spend. There were also signs Tuesday of cooling in what has been a very resilient U.S. jobs market.

MONTREAL — The union representing 1,260 pilots at Jazz Aviation claims their employer and Air Canada have breached the Canada Labour Code, even as it ratified changes to their collective agreement.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,290.41, up 265.27 points): Manulife Financial Corp. (TSX:MFC). Finance. Up 46 cents, or 1.88 per cent, to $24.91 on 11.

TORONTO — Unifor has picked Ford Motor Co. as the lead company for negotiations with the Detroit Three automakers as it works to hammer out new contracts.

CALGARY — New documents suggest the Crown corporation behind the Trans Mountain pipeline expansion is facing an uphill battle to finish the project on schedule in spite of mounting internal and external pressure to do so.

NEW YORK — Technology companies led a broad stock market rally Tuesday after two economic reports raised hopes on Wall Street that the economy is cooling enough for the Federal Reserve to pause hiking interest rates. The S&P 500 rose 1.

TORONTO — Gains in energy, technology and base metals helped lead a broad-based rally on Canada's main stock index Tuesday, which rose 1.32 per cent, while U.S. markets also posted gains. The S&P/TSX composite index closed up 265.

OTTAWA — Recent statements by the CEO of a major oilsands company further the case for federal regulations to cap greenhouse-gas emissions in the oil and gas sector, Environment Minister Steven Guilbeault said.