National Business

OTTAWA — The governments of Nova Scotia and Newfoundland and Labrador urged a Senate committee Thursday to quickly pass legislation that would help establish a wind industry off Canada’s East Coast.

NEW YORK (AP) — Most U.S. stocks fell, but hopes for coming cuts to interest rates and Wall Street’s continued frenzy around artificial-intelligence technology sent indexes to more record highs. The S&P 500 rose 0.

CLARINGTON, Ont. — Ontario's new energy minister is unapologetic about the province's use of natural gas to partly fuel growing energy needs, calling opposition to it "ideological.

TORONTO — Unifor says 35 of its members at Global News have been laid off as part of changes announced Wednesday by Corus Entertainment Inc. Randy Kitt, Unifor's media director, says there were 13 layoffs in Calgary, one in B.C.

The government has been reluctant to share the data because the numbers don't compare the cost of carbon pricing with the cost of climate change itself. They also don't factor in the potential for economic growth from climate investments.

SAVELLETRI DI FASANO — Canada will contribute $5 billion toward a loan to Ukraine that will be based on future revenue from frozen Russian assets, Prime Minister Justin Trudeau announced Thursday in Italy.

MONTREAL — Global shippers convened in Montreal on Thursday to sort out which sustainable fuels their vessels should use — a key question given that boats built today will still be running in 2050.

MONTREAL — CAE Inc. chief executive Marc Parent says a growing reliance on private contractors by Western armed forces — including Canada’s — bodes well for his company and global security, even as questions linger around spending and accountability.

CAPE TOWN, South Africa (AP) — A top official with South Africa’s African National Congress party said Thursday it has a broad agreement with the main opposition and other parties to form a coalition government.

TORONTO — Unionized actors have a new labour deal that increases pay for commercial work involving agencies represented by the Association of Canadian Advertisers.