National Business

OTTAWA — Parliamentary budget officer Yves Giroux told members of Parliament on Monday that the federal government did not show fiscal restraint in its recent fall economic statement.

WASHINGTON — A Wisconsin judge ordered a Canadian energy giant and a U.S. Indigenous band to water down their wine Monday and come together to avert the "draconian" shutdown of the cross-border Line 5 pipeline.

MONTREAL — Canadian National Railway Co. says Edmond Harris will be its new executive vice-president and chief operating officer. The Montreal-based rail company says Harris will succeed Rob Reilly effective immediately.

TORONTO — TD Bank Group says it paused the MyMoney lending program it recently launched with Canada Post after it detected suspicious activity on its system.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,220.49, down 163.28): Suncor Energy Inc. (TSX:SU). Energy. Down $1.18, or 2.49 per cent, to $46.20 on 34.9 million shares.

DOVER, Del. (AP) — A Delaware judge on Monday halted a lawsuit filed by basketball legend Julius Erving against a brand-development and marketing company, ruling that the dispute must go to arbitration.

OTTAWA — A new report by Canada Mortgage and Housing Corp. says government alone can't solve the country's housing affordability challenges.

TORONTO — Canada's main stock index was down by more than 150 points or 0.8 per cent Monday, weighed down by losses in energy, financials, utilities and metals, while U.S. indexes tumbled by more than 1.5 per cent.

NEW YORK — A broad slide on Wall Street left stocks lower Monday as global financial markets reacted to protests in China calling for President Xi Jinping to step down amid growing anger over severe COVID-19 restrictions. The S&P 500 fell 1.

OTTAWA — A wireless communications specialist says Freedom Mobile under Videotron Ltd. would be a strong competitor in the telecom market as the hearing on Rogers Communications Inc.'s $26-billion proposed takeover of Shaw Communications Inc.