National Business

MONTREAL — As temperatures notched record highs in Britain, CAE Inc. unveiled plans at a trade exhibition there to train future pilots in electric planes amid mounting concerns about global warming.

A report by real estate market research firm Urbanation Inc. says rents in the Greater Toronto Area are rising fast, echoing the latest numbers from online rental platforms about other major Canadian cities

TORONTO — Strong earnings results in the U.S. pushed North American stock markets higher as investors welcomed signs that economic growth may not be as bad as originally thought.

VANCOUVER — West Fraser Timber Co. Ltd. says it has not received any takeover offer after a report that Kronospan, an existing shareholder, and CVC Capital Partners were interested in making a bid for the company.

NEW YORK (AP) — The publisher of Simon & Schuster's flagship imprint, Dana Canedy, is stepping down to concentrate on a sequel to a book Denzel Washington adapted last year for a film of the same name, “A Journal for Jordan.

TORONTO — Porter Airlines has announced a firm order for 20 Embraer E195-E2 passenger jets with a total list price value of US$1.56 billion as the company looks to further strengthen its presence and customer base in Eastern Canada.

OTTAWA — Export Development Canada (EDC) has laid out emission reduction targets for its lending portfolios in the oil and gas and aerospace industries as part of its long-term goal to become carbon neutral by 2050.

Elon Musk has lost a fight to delay Twitter’s lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the “cloud of uncertainty” over the social media company after the billionaire backed out of a deal to buy it.

Reni Odetoyinbo was one of the millions of Canadians effected by the nationwide Rogers Communication Inc. outage on July 8.

NEW YORK (AP) — Stocks are opening broadly higher on Wall Street Tuesday as more earnings reports roll in from U.S. companies. The S&P 500 was up 1.2% in the first few minutes of trading. The Dow was up 0.9% and the Nasdaq rose 1.1%.