National Business

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,919.40, up 170.82 points.) Enbridge Inc. (TSX:ENB). Energy. Up 57 cents, or one per cent, to $59.35 on 8.8 million shares.

WINNIPEG — The Manitoba government is proposing legislation that would allow for a higher minimum wage to help people cope with inflation, but said it will consult with business and labour groups before deciding on an exact figure.

Canada's backlog of Nexus applications has ballooned into the hundreds of thousands, despite a sharp downturn in applicants during the pandemic, prompting blowback from frustrated travellers as clogged airports continue to overflow.

Experts predict the Bank of Canada will likely announce another major interest rate boost Wednesday as it tries to rein in runaway inflation.

TORONTO — A broad rally Monday led by the energy and technology sectors lifted Canada's main stock index, which is on track to end the volatile month of May in positive territory. The S&P/TSX composite index increased 170.82 points to 20,919.

Businesses in Canada may be eligible to claim hundreds of dollars in credit card processing fees following a multimillion-dollar class action settlement with Visa and Mastercard.

Brookfield Asset Management Inc. is selling its U.K.-based student housing business to Singapore sovereign wealth fund GIC Private Ltd. and U.S. property manager Greystar Real Estate Partners LLC. Brookfield got into the U.K.

SUVA, Fiji (AP) — China fell short Monday on a bold plan to have 10 Pacific nations endorse a sweeping new agreement covering everything from security to fisheries as some in the region expressed deep concerns.

Forget breaking the sound barrier: Tom Cruise just flew past a major career milestone. The 59-year-old superstar just got his first $100 million opening weekend with “Top Gun: Maverick.

CALGARY — The officially disclosed carbon footprints of Canada's largest oil companies could balloon in size if tough new climate rules proposed earlier this year by a U.S. regulator come into effect. The U.S.