National Business

HALIFAX — An investigation into how the Canadian Coast Guard responded to a Nova Scotia vessel in distress two years ago raises questions about why one fisherman died after a towing operation went awry.

A temporary pause on charging the federal sales tax on many items has retailers excited, even though they say preparing for the relief will mean a lot of extra work in a short period of time.

OTTAWA — Foreign Affairs Minister Mélanie Joly welcomed president-elect Donald Trump's pick for the next U.S. ambassador in Ottawa, a former longtime Michigan congressional representative who voted for NAFTA and later wavered on new free trade deals.

EDMONTON — Alberta is forecasting a $4.6-billion surplus for this fiscal year, but Finance Minister Nate Horner says "mounting pressures" threaten to soon put the province in the red.

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July.

OTTAWA — A Liberal MP says his committee colleagues are wasting time by launching a third inquiry into the former employment minister instead of focusing on important legislation for Indigenous Peoples.

OTTAWA — Canada's telecommunications regulator has launched a consultation to determine whether the country's Big 3 providers should be able access wholesale fibre internet services.

TORONTO — The federal government's "meaty" move to pause federal sales tax on a long list of items and send cheques to millions of Canadians this spring could factor into an improving outlook for growth in 2025, economists say.

TORONTO — Canada's main stock index gained more than 350 points Thursday in a broad rally led by energy and technology stocks, while U.S. markets also rose, led by a one-per-cent gain on the Dow.

MONTREAL — Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer's planned electric vehicle battery plant in Quebec — though hundreds of millions of taxpayer dollars invested in