National Business

CALGARY — The Transportation Safety Board says a fiery collision between two Canadian Pacific Kansas City freight trains in British Columbia last year highlights the need for "physical defences" to prevent crashes.

TORONTO — The NHL and Rogers have agreed to a new 12-year Canadian broadcasting deal worth US$7.7 billion, a person familiar with the deal told The Associated Press.

SURREY, B.C. — U.S. authorities have arrested a 67-year-old man from Surrey, B.C., accusing him of smuggling banned goods to Pakistan's military and its nuclear weapons program over more than 15 years. The U.S.

TORONTO — Canada's main stock index rose Monday, led by strength in energy and industrial stocks as the price of oil climbed, while U.S. markets were mixed as investors closed out a volatile month and nervously eyed impending tariffs.

MONTREAL — Bookings on cross-border routes are down significantly across the industry amid Canadians' new-found aversion to U.S. destinations, Air Canada says.

HALIFAX — Two commercial fishers harvesting baby eels under new federal rules say they felt they had to stop fishing on Sunday night when a large group of Indigenous harvesters arrived at the river with nets.

NEW YORK (AP) — President Donald Trump’s fast-approaching “Liberation Day” had stock markets all over the world swinging sharply. The S&P 500 rose 0.6% in another roller-coaster Monday. The S&P lost 4.

TORONTO — Canada's downtown office vacancy rate marked its first, if slight, improvement since the start of the pandemic, said a report out Monday from CBRE Group Inc. The national vacancy rate for downtown offices dipped to 19.

Uncertainty still looms for Canada in what's set to be a monumental week for U.S. President Donald Trump's tariff plan.

TORONTO — Trade tensions with the U.S. will likely mean a painful next few months for workers and the economy but could be short-lived, the Conference Board of Canada said in its latest outlook.