National Business

TORONTO — Losses in the energy sector dragged Canada's main stock index down Tuesday, while U.S. markets rose, led by gains on the Nasdaq. The S&P/TSX composite index closed down 168.35 points at 19,575.59.

Quebec Finance Minister Eric Girard has cut his projections for the province's economic growth in 2024 and is warning that Canada has entered a period of economic "stagnation.

TORONTO — While Canada’s largest telecom company is set to slash spending on its fibre network expansion, industry stakeholders say phone carriers will need to boost their network investments amid forecasts that data consumption could double by 2027.

NEW YORK (AP) — Stocks ticked higher on Wall Street as markets continue to absorb the big swings that have shaken them in recent weeks. The S&P 500 rose 0.3% Tuesday.

As the grocery code of conduct nears completion, the Canadian industry's biggest player is raising concerns the guidelines could add fuel to the food inflation fire. Loblaw Companies Ltd.

TORONTO — WeWork Inc. is seeking an early exit of several Canadian leases as part of bankruptcy proceedings for the once high-flying office sharing company.

CALGARY — The CEO of one of the oilsands companies behind the Pathways Alliance says the group expects to provide a significant update on its proposed $16.5-billion carbon capture and storage project within the next couple of months.

OTTAWA — Canada's merchandise trade surplus more than doubled in September as higher oil prices helped boost energy exports.

MISSISSAUGA, Ont. — The slide in consumer spending has squeezed Cargojet Inc.'s bottom line, its CEO says, as Canadians shell out less on goods that land on shelves and doorsteps after a trip by air freighter.

LISBON, Portugal (AP) — Portuguese Prime Minister António Costa said Tuesday he is resigning after being involved in a widespread corruption probe.