National Business

HALIFAX — The federal government is creating a task force to clarify regulations for projects attempting to harness the tidal energy of the Bay of Fundy, after a key player sought bankruptcy protection last week — and blamed Ottawa.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,242.07, down 297.90): Enbridge Inc. (TSX:ENB). Energy. Down $1.98, or 3.80 per cent, to $50.08 on 14.6 million shares.

MONTREAL — The travel plans of WestJet customers are up in the air after its pilots' union issued a 72-hour strike notice Monday night. The gambit by the Air Line Pilots Association kicked off a countdown to a flight crew walkout at 3 a.m.

TORONTO — Canada's main stock index fell almost 300 points Tuesday on the heels of new data showing inflation ticked higher in April, while U.S. stock markets also moved lower. The S&P/TSX composite index was down 297.90 points at 20,242.

NEW YORK (AP) — Most stocks fell on Wall Street after Home Depot warned of flagging sales, the latest discouraging signal for an economy under pressure. The S&P 500 lost 0.

WASHINGTON (AP) — President Joe Biden is curtailing his upcoming trip to the Indo-Pacific, scrapping what was to be a historic stop in Papua New Guinea as well as a visit to a Australia for gathering with fellow leaders of the so-called Quad partners

OTTAWA — The first increase in annual inflation since its June 2022 peak was driven in part by higher mortgage interest costs and higher rent prices, Statistics Canada said Tuesday. Mortgage interest costs were up 28.

VANCOUVER — Everyone who enters a British Columbia casino will soon be required to present government-issued identification, in what the BC Lottery Corporation says is an initiative to support people who have registered for self-exclusion.

OTTAWA — Statistics Canada says manufacturing sales rose 0.7 per cent to $72.3 billion in March, boosted by gains in the motor vehicle, aerospace product and parts, and primary metal industries. The increase followed a drop of 3.

CALGARY — The United Conservative Party says the NDP's economic plan will kill jobs and cause people to flee Alberta.