National Business

Toronto-based Dye & Durham plans to sell 2021 acquisition TM Group after the United Kingdom’s competition regulator ordered the sale due to competition concerns.

TORONTO — Canada’s main stock index was up more than 400 points after a tumble right out of the gate, while U.S. stock markets also recovered significantly from the dip. The S&P/TSX composite index was up 407.35 points or 2.4 per cent at 18,613.

SUDBURY, Ont. — Vale Canada Ltd. unveiled the first phase of its $945-million Copper Cliff Mine Complex South Project on Thursday, predicted to double ore production at the Sudbury, Ontario-based mine.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (18,613.63, up 407.35 points): Enbridge Inc. (TSX:ENB). Energy. Up $1.84, or 3.74 per cent, to $51.10 on 10.5 million shares.

WASHINGTON — The Nexus trusted-traveller program is being "held hostage" by unilateral American efforts to renegotiate the 20-year-old preclearance agreement between the United States and its northern neighbour, Canada's envoy to the U.S.

TORONTO — Netflix is giving Canadian viewers the option for a cheaper monthly subscription plan — as long as they're willing to sit through commercial breaks. The streaming giant said it has marked Nov.

OTTAWA — The parliamentary budget officer is projecting the economy will slow considerably in the second half of 2022 and remain weak next year as the Bank of Canada continues to raise interest rates.

BEIRUT (AP) — Lebanon's President Michel Aoun said Thursday that the cash-strapped country has approved a U.S.-mediated maritime border deal with Israel.

ANKARA, Turkey (AP) — Russian President Vladimir Putin on Thursday doubled down on his proposal to turn Turkey into a gas hub for Europe after deliveries to Germany through the Baltic Sea's Nord Stream pipeline were halted.

WASHINGTON (AP) — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains and ensuring that the Federal Reserve will keep raising interest rates