National Business

TORONTO — Canada's main stock index fell more than 100 points to cap off Tuesday's trading session, weighed down by losses in the basic materials sector, while U.S. stock markets were mixed. The S&P/TSX composite index was down 116.

KINGSEY FALLS — Cascades Inc. says it's permanently closing its manufacturing facility in Niagara Falls, N.Y., after almost four decades. The decision has led to the loss of 123 jobs and closure costs are estimated at $5 million.

WASHINGTON (AP) — The Supreme Court on Tuesday cleared the way for President Donald Trump’s plans to downsize the federal workforce despite warnings that critical government services will be lost and hundreds of thousands of federal employees will be

WASHINGTON — U.S. President Donald Trump said Tuesday he will impose a 50 per cent tariff on copper imports — but hasn't said yet when it will take effect. "Today we are doing copper," Trump told reporters at a cabinet meeting.

Wall Street ended mixed a day after a broad sell-off in response to the Trump administration setting new tariffs on more than a dozen nations. The S&P 500 slipped 0.1% Tuesday. The Dow Jones Industrial Average fell 0.

HALIFAX — Irving Shipbuilding is scheduled to enter a plea Oct. 1 on charges of violating workplace safety rules after an employee died last year at its Halifax site.

GATINEAU — The Competition Bureau says it has obtained a court order as part of its probe into Amazon’s conduct related to its online Canadian marketplace. The regulator is investigating Amazon's fair pricing policy.

Insolvency statistics for May show a rise from April but are down from a year ago, when the Bank of Canada had yet to start lowering interest rates. The 12,395 insolvencies in May was up 2.3 per cent from April, while down 2.

Higher turnover rents in several major rental markets have decreased tenant mobility, leading to longer average tenancy periods and "more substantial" rent increases when tenants do move, says CMHC.

VALCOURT — BRP Inc. has signed a deal to sell its Manitou pontoon boat business to the Marcott family, owners of Bentley Pontoons, as part of its plan to focus on its powersports operations. Financial terms of the deal were not immediately available.