National Business

TORONTO — Canada’s main stock index closed at its lowest point since October last year as part of a pullback that saw sharper drops in U.S. markets. The S&P/TSX composite index ended down 156.26 points at 19,020.92.

MONTREAL — Bell Media says its president Wade Oosterman, who also serves as vice-chair of parent company BCE Inc., is set to retire at the end of the year, to be replaced by Sean Cohan, who is joining the company in November.

NEW YORK (AP) — Wall Street tumbled as it focused on the downside of a surprisingly strong job market. The S&P 500 lost 1.4% Tuesday. The Dow fell 430 points and wiped out the last of its gains for the year so far.

NEW YORK (AP) — A New York judge quickly imposed a limited gag order in Donald Trump's civil business fraud trial Tuesday after the former president disparaged a key court staffer.

OTTAWA — Bank of Canada deputy governor Nicolas Vincent says businesses raising their prices more frequently than they did before the pandemic is contributing to higher-than-expected inflation.

CALGARY — Strathcona Resources Ltd. says it has closed its merger with Pipestone Energy Corp. Pipestone shareholders voted to approve the deal last week in a move to create the fifth largest oil producer in Canada.

TORONTO — Ontario's insurance regulator says it has taken enforcement action after finding widespread deficiencies related to the sale of life insurance products.

TORONTO — Brookfield Asset Management Ltd. says it has raised US$12 billion for its latest global private equity fund. The company says Brookfield Capital Partners VI is the largest private equity fund it has raised.

CALGARY — The Calgary Real Estate Board says there were 2,441 home sales in September, setting a record high last month.

Canada Mortgage and Housing Corp.'s deputy chief economist says the private sector must be given the proper incentives to invest more in housing in order to address the need for 3.5 million additional units by 2030.