National Business

OTTAWA — The federal government says its "best friends" are Europeans amid a drift with the United States, as Luxembourg opens an Ottawa embassy aimed at boosting a knowledge-based economy.

BRASILIA, Brazil (AP) — The majority of justices on Brazil’s Supreme Court have agreed to make social media companies liable for illegal postings by their users, in a landmark case for Latin America with implications for U.S. relations.

CALGARY — The Alberta government is working to entice a private-sector player to build a major crude pipeline to coastal waters, Premier Danielle Smith said Wednesday.

As Canada's telecommunications regulator explores potential new rules to help consumers shop for home internet plans, some providers say a proposed "nutrition label" would be overly costly and redundant.

TORONTO — Wealthsimple Inc. announced its first credit card and a line of credit Wednesday as it ramps up efforts to challenge the dominance of Canada’s big banks.

OTTAWA — The Liberal government is rejecting a call from the Bloc Québécois to split its marquee legislation in two and allow part of it to speed through the House of Commons this summer.

TORONTO — Canada's main stock index pushed to a record high Wednesday as the price of oil spiked, while U.S. markets closed down despite trading higher earlier in the day and inflation data coming in lower than expected.

WASHINGTON (AP) — The Environmental Protection Agency on Wednesday proposed repealing rules that limit greenhouse gas emissions from power plants fueled by coal and natural gas, an action that Administrator Lee Zeldin said would remove billions of do

OTTAWA — Interim NDP Leader Don Davies is accusing Prime Minister Mark Carney of not being transparent about negotiations with the U.S. on getting President Donald Trump's tariffs lifted.

HAMILTON — Canada's steel industry was hit with further layoff news Wednesday as ArcelorMittal Long Products Canada announced it is closing its wire drawing mill in Hamilton.