National Business

Canada's two largest railways expect it will take another couple of days before their main lines in southern British Columbia reopen after service was cut by torrential rain, rock slides and mudslides that caused at least one partial derailment.

OMAHA, Neb. (AP) — Federal regulators have proposed suspending a Trump administration rule that would have allowed railroads to haul liquefied natural gas while they take a closer look at the potential safety risks.

WASHINGTON (AP) — Treasury Secretary Janet Yellen told Congress Tuesday that she believed she would run out of maneuvering room to avoid the nation's first-ever default soon after Dec. 15.

LONDON (AP) — A book about a wealthy American family whose actions helped unleash the United States’ opioid epidemic — described by its author as a “story of hubris” — won Britain’s leading nonfiction book prize Tuesday.

CALGARY — A new Canadian airline announced its planned launch Tuesday, joining an increasingly crowded field of carriers jockeying for budget-minded travellers as the country emerges from the COVID-19 pandemic.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,717.16, up 34.08 points.) Enbridge Inc. (TSX:ENB). Energy. Up seven cents, or 0.14 per cent, to $50.66 on 14.9 million shares.

TORONTO — North American stock markets rose on optimism fuelled by strong U.S. retail sales numbers that suggest consumers aren't deterred by high inflation. October sales beat expectations as they rose 1.7 per cent, compared with a 0.

Record rainfall in British Columbia has flooded communities and washed away roads in what experts say is part of an increasingly costly trend that both homeowners and renters need to better prepare for. "Effectively what we’re seeing in B.C.

OTTAWA — A senior Bank of Canada official says the pandemic has made assessing job market conditions and inflationary pressures more difficult, creating further uncertainty around when inflation will return to its two per cent target.

WASHINGTON (AP) — Many Americans have taken a darker view of the economy as inflation has worsened. Yet so far, they appear no less willing to spend freely at retailers — an encouraging sign for the crucial holiday shopping season.