National Business

LONDON (AP) — The chairman of the BBC quit Friday after a report found he failed to disclose a potential conflict of interest over his role in arranging a 2021 loan for Boris Johnson, who was the U.K.'s prime minister at the time.

NEW YORK — Prime Minister Justin Trudeau faced pointed questions about his government's cuts to foreign aid spending Thursday at a star-spangled conference meant to showcase his credentials as an international agent of change.

CALGARY — The ongoing trend of foreign exits and Canadian consolidation in Alberta's oilsands continued Thursday, as Suncor Energy Inc. announced it will purchase TotalEnergies' stake in the Fort Hills oilsands project in a deal worth up to $6.

MONTREAL — The cost of the Montreal port expansion has ballooned by nearly 50 per cent, prompting its CEO to call for more cash from the federal government.

TORONTO — Canada's main stock index rose more than 150 points with broad-based gains led by financials, health care and metals, while U.S. markets posted strong gains as tech stocks continued to impress during earnings season.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,522.64, up 155.92): Enbridge Inc. (TSX:ENB). Energy. Up five cents, or 0.09 per cent, to $53.43 on 10.9 million shares.

Swiss commodities giant Glencore said it is willing to present its takeover offer directly to shareholders of Teck Resources Ltd. if the company's board does not come to the negotiating table regarding its unsolicited proposal.

NEW YORK (AP) — Wall Street steamed to its best day since January after Meta Platforms became the latest Big Tech company to blow past profit forecasts. The S&P 500 rose 2% Thursday. The Dow rose 1.6% and the Nasdaq added 2.4%.

SACRAMENTO, Calif. (AP) — The California Air Resources Board approved Thursday a first-in-the-nation, ambitious rule limiting rail pollution. The goal is to drastically cut greenhouse gas emissions from locomotives.

MONTREAL — Demand for private planes remains hot even as the economy cools, according to Bombardier Inc. executives.