National Business

EDMONTON — Alberta Premier Jason Kenney is painting a dark picture ahead of this week's financial update.

TORONTO — Ontario's fiscal watchdog says the province's credit rating has remained stable in 2020 despite the costs incurred by the government during the COVID-19 pandemic.

CALGARY — The Alberta government says it will support a proposal to build a hyperloop transport system capable of whisking passengers in an elevated tube between Edmonton and Calgary at 1,000 kilometres per hour.

TORONTO — Mixed economic news in the U.S. and reports of high provisions for credit losses at two Canadian banks helped drive Canada's main stock index to a small loss at the close of trading Tuesday. The S&P/TSX composite index was down 9.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,617.48, down 9.16 points) Northern Dynasty Minerals Ltd. (TSX:NDM). Materials. Down 42 cents, or 35.29 per cent, to 77 cents on 11.

REGINA — Health officials in Saskatchewan are reporting zero new cases of COVID-19 — for the first time this summer. Government data show the last time the province saw no new infections was June 7.

TORONTO — Canadian banks are continuing to put aside hefty amounts of money to protect themselves from bad loans as the COVID-19 pandemic rages on, even as they hope the worst has passed.

NEW YORK — Rivals in life, the rappers Notorious B.I.G. and Tupac Shakur are being united for an auction at Sotheby’s, the first-ever dedicated hip-hop auction at a major international auction house.

TORONTO — The self-regulatory organization that oversees investment dealers and their trading activity in Canada says a merger with the Mutual Fund Dealers Association would save as much as half a billion dollars over 10 years.

SILVER SPRING, Md. — Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns.