National Business

MONTREAL — The cost of the Montreal port expansion has ballooned by nearly 50 per cent, prompting its CEO to call for more cash from the federal government.

TORONTO — Canada's main stock index rose more than 150 points with broad-based gains led by financials, health care and metals, while U.S. markets posted strong gains as tech stocks continued to impress during earnings season.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,522.64, up 155.92): Enbridge Inc. (TSX:ENB). Energy. Up five cents, or 0.09 per cent, to $53.43 on 10.9 million shares.

Swiss commodities giant Glencore said it is willing to present its takeover offer directly to shareholders of Teck Resources Ltd. if the company's board does not come to the negotiating table regarding its unsolicited proposal.

NEW YORK (AP) — Wall Street steamed to its best day since January after Meta Platforms became the latest Big Tech company to blow past profit forecasts. The S&P 500 rose 2% Thursday. The Dow rose 1.6% and the Nasdaq added 2.4%.

SACRAMENTO, Calif. (AP) — The California Air Resources Board approved Thursday a first-in-the-nation, ambitious rule limiting rail pollution. The goal is to drastically cut greenhouse gas emissions from locomotives.

MONTREAL — Demand for private planes remains hot even as the economy cools, according to Bombardier Inc. executives.

TORONTO — The head of Canada's banking regulator says that despite continued liquidity stress at some U.S. banks, he isn't seeing any data to suggest that a wider shock is going to re-emerge.

HALIFAX — Canada’s defence minister travelled to Halifax Thursday to tout a major subcontract as part of the $1.2-billion upgrade of the military’s fleet of search-and-rescue helicopters.

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian President Volodymyr Zelenskyy, during which Powell appeared to discuss the economic impact of interes