National Business

Shares retreated in Asia early Thursday after U.S. stocks stormed to records as investors wagered on what Donald Trump’s return to the White House will mean for the economy and the world.

WASHINGTON — Donald Trump clinched the United States election after a tumultuous campaign and Canadian officials talked up the important relationship between neighbours in congratulating the former president on his extraordinary comeback on Wednesday

EDMONTON — The Alberta government is asking rural municipalities to send letters pointing the finger at specific oil and gas companies that aren't paying their property taxes -- but one rural leader says there's no hope for enforcement.

WINNIPEG — Great-West Lifeco Inc. says it earned $859 million in the third quarter, down from $905 million a year earlier. The insurer says base earnings, or adjusted earnings, for the quarter totalled $1.

SASKATOON, Sask. — Nutrien Ltd. says it earned US$25 million in the third quarter, down 70 per cent from US$82 million a year earlier. The Saskatoon-based company says sales for the quarter totalled US$5.35 billion, down from US$5.

MONTREAL — WSP Global Inc. says its third-quarter net earnings attributable to shareholders were $203.6 million, up from $156.2 million a year earlier. The Montreal-based company says revenues for the quarter were $3.98 billion, up from $3.

WINNIPEG — Manitoba Premier Wab Kinew says he will continue to push the benefits of trade with the United States now that the election south of the border is over.

NEW YORK (AP) — The U.S. stock market, Elon Musk’s Tesla , banks and bitcoin all stormed higher Wednesday as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world .

TORONTO — Manulife Financial Corp. says it earned $1.84 billion in the third quarter, up from $1.01 billion a year earlier. The insurer says adjusted earnings, or what it calls core earnings, were $1.83 billion, up from $1.

TORONTO — U.S. stocks surged Wednesday after Republican candidate Donald Trump won the election, with the Dow Jones industrial average gaining 3.6 per cent, while Canadian markets rose by one per cent.