National Business

TORONTO — Strength in the materials sector helped Canada's main stock index finish nearly 170 points higher Tuesday, while U.S. markets also gained ground on a rangebound trading day. Markets are still digesting U.S.

SURREY — The federal government says British Columbia is set to receive more than $326 million this fiscal year to help fund community infrastructure projects.

ST. JOHN'S — The premiers of Quebec and Newfoundland and Labrador, along with the heads of their power utilities, met in St. John's Tuesday as both provinces hammer out final agreements on a sweeping new energy partnership.

Bank of Canada governor Tiff Macklem says flexibility is key as the bank prepares to review its rate-setting framework in a world undergoing an economic sea change.

TORONTO — A new report says the current youth unemployment rate is at levels typically only seen during recessions, even as other age groups face a more resilient labour market.

CALGARY — The head of the Alberta Energy Regulator has cancelled an application hearing for a potential coal mine, a move that he acknowledged is "without precedent.

Stocks closed higher on Wall Street after an afternoon push left major indexes just below their recent records. The S&P 500 rose 0.4% Tuesday after drifting between small gains and losses for much of the day.

OTTAWA — Prime Minister Mark Carney says expansions to ports in Montreal and Manitoba could be among the first projects fast tracked under his government's new major projects bill.

WASHINGTON (AP) — Federal Reserve Gov. Lisa Cook will sue President Donald Trump's administration to try to prevent him from firing her , her lawyer said Tuesday.

OTTAWA — Canada needs to build 3.2 million new homes in the next decade to close the housing gap but isn't on track to do that, the Parliamentary Budget Officer said in a new analysis published on Tuesday.