National Business

ST. JOHN'S — A Newfoundland and Labrador mayor says his region is in a transition period after an offshore oil project hit a major milestone. Keith Pearson, mayor of Placentia, N.L.

HALIFAX — Security experts say the theft of customer data from Nova Scotia's electric utility has the hallmarks of an extortion attempt by cybercriminals.

MONTREAL — Unionized employees at Fairmont The Queen Elizabeth Hotel have agreed to a new contract, putting an end to a six-month lockout at the storied Montreal landmark.

TORONTO — Canada's main stock index was up more than 100 points in late-morning trading, helped by strength in the energy, base metal and technology sectors, while U.S. stock markets were mixed. The S&P/TSX composite index was up 151.

TORONTO — Scotiabank has signed a referral arrangement with the Canadian arm of India's ICICI Bank Ltd. for high-net-worth clients. Under the agreement, ICICI Bank Canada will have the opportunity to access Scotia Wealth Management services.

Travel to the United States took another hit in April with booking agents saying an "elbows up" attitude over the trade war has Canadians pulling back. Canadian residents returning by automobile from the U.S.

Most young people engage with insurance only when legally required — auto, tenant, or home insurance.

U.S. retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday. The average price for a dozen Grade A eggs dropped 12.7% to $5.

Wall Street is on track to open with losses Tuesday as the initial euphoria over the 90-day truce in the U.S.-China trade war faded and markets turned their attention to corporate earnings and new inflation data .

UnitedHealth CEO Andrew Witty is stepping down for personal reasons and the nation's largest health insurer suspended its full-year financial outlook due to higher-than-expected medical costs.