National Business

WASHINGTON (AP) — Medicare said Thursday it's considering a cut in enrollee premiums, after officials stuck with an earlier decision to sharply limit coverage for a pricey new Alzheimer's drug projected to drive up program costs.

OTTAWA — Canadians looking to save a down payment to buy their first home will have a new tax-free savings account to use starting next year.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (21,834.89, up 46.29 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Up five cents, or 2.5 per cent, to $2.04 on 32.7 million shares.

TORONTO — The federal budget tabled Thursday includes a smaller-than-expected tax hike for financial institutions, but bank CEOs say a corporate tax rate increase will hurt Canada's competitiveness on the global stage. Thegovernmentannounced a 1.

ST. JOHN'S, N.L. — Newfoundland and Labrador forecast a $351-million deficit in its budget tabled on Thursday, projecting a significant drop in oil royalties for the 2022-23 fiscal year at a time when oil prices are skyrocketing.

TORONTO — Canada's main stock index reversed early losses to edge higher Thursday as the materials and energy sectors strengthened ahead of the afternoon release of the federal budget. The S&P/TSX composite index closed up 46.29 points to 21,834.

TORONTO — Royal Bank of Canada's chief executive officer said Thursday that an "orderly transition" to a net-zero economy is crucial, as he faced questions about the bank's climate strategy and ongoing financing of fossil fuels during its annual shar

Lynx Air made its inaugural flight Thursday, marking the latest entrant into Canada's increasingly crowded budget airline market.

NEW YORK (AP) — Refuting suggestions that he’s lost interest in going after Donald Trump, Manhattan District Attorney Alvin Bragg said Thursday a criminal investigation into the former president and his business practices is continuing “without fear

WASHINGTON (AP) — Congress voted overwhelmingly Thursday to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the U.S. response to Russia's invasion of Ukraine amid reports of atrocities.