National Business

OTTAWA — Prime Minister Mark Carney's first move after taking office on Friday was to eliminate the consumer carbon price, undoing Justin Trudeau's signature climate policy.

TORONTO — Hudson's Bay was in court Monday, seeking approval to begin a full liquidation even as it fights to stay alive.

HALIFAX — A Nova Scotia government bill that would open the door to fracking for fossil fuels and exploring for uranium is dangerous and should be scrapped, environmental advocates and physicians told a legislature committee on Monday.

CALGARY — A shareholder in Parkland Corp. is demanding a board shakeup as the Calgary-based fuel refiner and retailer looks into putting itself up for sale. Engine Capital LP, the New York activist hedge fund that owns 2.

TORONTO — Strength in energy, financials and base metals helped Canada's main stock index gain more than 200 points Monday, while U.S. stock markets also rose.

VANCOUVER — British Columbia is setting annual rate increases for electricity for the next two years in response to rising demand for power along with economic uncertainty stemming from actions south of the border, Energy Minister Adrian Dix said.

NEW YORK (AP) — U.S. stocks climbed again on Monday as Wall Street’s wild roller-coaster ride veers back upward. The S&P 500 rose 0.6% for a second straight gain after it fell 10% below its record late last week.

WASHINGTON (AP) — U.S. shoppers stepped up their spending just a bit in February after a sharp pullback the previous month , signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount.

OTTAWA — Home sales in February fell to their lowest level in more than a year as homebuyers stayed on the sidelines amid the uncertainty created by the trade war with the United States, the Canadian Real Estate Association said on Monday.

Toronto Mayor Olivia Chow says the city's response to steep U.S. tariffs on Canada will include barring American companies from bidding on some city contracts and a tax deferral program for industrial properties impacted by the tariffs.