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.

British Columbia's government is fast-tracking the end of its consumer carbon tax ahead of the lifting of the federal equivalent on Tuesday, with Premier David Eby saying consumers should expect immediate price relief at gas pumps.

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.