National Business

The head of the Canada Infrastructure Bank clashed with members of Parliament at a committee hearing on Tuesday about whether the federal financing agency was living up to its mandate of generating private-sector funding for its investments.

TORONTO — Ontario will unveil a budget Wednesday that's expected to focus on recovering from the COVID-19 pandemic, although it remains unclear if it will chart a path to balance.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,669.80, down 145.33 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down five cents, or 6.02 per cent, to 78 cents on 23.

TORONTO — North American stock markets fell as concerns rose about a third wave of COVID-19, a year to the day since hitting a bottom during the early stages of the unprecedented health crisis. The S&P/TSX composite index closed down 145.

Stocks that traded heavily or had substantial price changes Tuesday: BioLife Solutions Inc., up $3.41 to $41.98. The maker of products for the cell and gene therapy industry is buying low temperature freezer maker Stirling Ultracold.

CALGARY — A partner in an Alberta carbon capture and storage project that recently celebrated storing its one millionth tonne of CO2 says it has an agreement with a northwestern Alberta chemical plant developer that could result in building a second

CALGARY — A partner in a project designed to allow more oilsands bitumen to be shipped by rail from Canada to Texas says the US$25-billion merger of Canadian Pacific Railway Ltd. and U.S.

MONTREAL — Air Canada says it will restore some service along routes to Jamaica, Mexico and Barbados beginning in early May after Canadian airlines suspended all flights to sun destinations in January at the request of the federal government.

CALGARY — A husband and wife from Summerland, B.C., have been charged in a multimillion-dollar Ponzi scheme after an investigation by Alberta RCMP.

HALIFAX — Nova Scotia says it will spend $19 million to clean up sludge in Boat Harbour created by effluent from the Northern Pulp mill, after the company missed deadlines to submit a plan for its portion of the remediation.