National Business

Business leaders and academics say they hope to see Canada and the U.S. maintain free trade protections for most goods once an agreement is reached, even if the negotiations can't stave off certain sectoral tariffs.

TORONTO — Canada's main stock index was making gains in late-morning trading Tuesday while U.S. markets were dipping lower. The S&P/TSX composite index was up 92.09 points at 27,497.51 as energy, technology and industrial stocks rose.

NEW YORK (AP) — U.S. stock indexes are ticking higher as a busy week for Wall Street picks up momentum. The S&P 500 was up 0.2% in early trading Tuesday after setting all-time highs for six straight days.

TORONTO — George Weston Ltd. says its second-quarter profit available to common shareholders amounted to $258 million, down from $400 million in the same quarter last year. The company, which holds large interests in Loblaw Cos. Ltd.

OMAHA, Neb. (AP) — Union Pacific is seeking to buy Norfolk Southern in a deal valued at $85 billion in a merger that could trigger the final wave of railroad mergers across the country.

MONTREAL — Air Canada says it had a net income of $186 million in the second quarter, down from $410 million in the same quarter last year, in what it characterized as a "challenging environment.

UnitedHealth missed Wall Street’s second-quarter earnings expectations and offered a new and conservative take on the rest of 2025.

OTTAWA — Under pressure from the U.S. trade war and a slowing economy, Canada's provinces are all expected to run fiscal deficits this year — but a Conference Board of Canada report predicts those deficits will narrow in the coming years.

VANCOUVER — Environment Canada has issued heat warnings for a swath of British Columbia's Interior stretching from Grand Forks near the U.S. border to areas north of Prince George.

HALIFAX — There's been a surge in the number of Nova Scotians with complex disabilities stuck in temporary housing, according to recent figures released by the province.