National Business

CALGARY — Tourmaline Oil Corp. says it has signed a $278.2-million deal with Topaz Energy Corp. giving Topaz a gross overriding royalty interest in recently acquired lands in Alberta and B.C.

TORONTO — Canada's main stock index eked out a new record Tuesday as oil prices rose, sending energy stocks higher. Meanwhile, U.S. markets broadly fell, led by a 1.5-per-cent drop on the Nasdaq.

CALGARY — Worries over escalating tensions in the Middle East and their potential to cause oil price disruptions hung over day one of a major energy sector conference in Calgary.

NEW YORK (AP) — U.S. stocks pulled back from their records after a sharp escalation of tensions in the Middle East raised worries about potential disruptions to the flow of oil. The S&P 500 fell 0.

HALIFAX — The right of Nova Scotia’s fisheries minister to impose a moratorium on new licences for fish buyers and processors has been upheld in a recent court decision.

OTTAWA — Owners of small and medium-sized businesses will finally receive their long-awaited carbon pricing refunds before the end of this year, Finance Minister Chrystia Freeland announced on Tuesday.

CHARLOTTETOWN — Ferry service between Prince Edward Island and Nova Scotia has been delayed until Oct. 19.

MONTREAL — The Renaud-Bray group says it has acquired art supply retailer DeSerres. Financial terms of the deal were not immediately available. The deal covers 28 stores in Quebec, Ontario, Nova Scotia and British Columbia and the company's website.

CALGARY — The Calgary Real Estate Board says September home sales tumbled 17.6 per cent from last year's record levels to 2,003, but remained around 16 per cent higher than long-term trends for the month.

TORONTO — Canada is on pace for its first year of positive office leasing activity since before the pandemic after six of 10 major markets recorded net positive demand in the third quarter, according to a report Tuesday.