National Business

TORONTO — U.S. stock markets surged higher in the aftermath of a close U.S. election that will likely result in a continuation of divided government.

ST. JOHN'S, N.L. — U.S.-based oil-recycling company Origin International has made a bid to buy a refinery in Come By Chance, N.L., CEO Nicholas Myerson confirmed Wednesday. Myerson wouldn't give details about the offer his company made to U.S.

TORONTO — Indigo Books & Music Inc. trimmed its losses and increased revenues in its second quarter, buoyed by a renewed interest in reading and growing sales tied to at-home learning and kids entertainment.

Canadians are out in droves this fall in pursuit of a vacation home or cottage as the country hunkers down for a long winter amid the COVID-19 pandemic.

CALGARY — Alberta power producer TransAlta Corp.

Premier Doug Ford is defending Ontario's new COVID-19 restrictions system, saying it will help the province respond early to flare ups of the virus.

Toronto's real estate market fractured in October as buyers favoured suburban neighbourhoods and detached homes while sellers wanted out of downtown condos.

TORONTO — Canadian business leaders awaiting the results of the U.S. election are re-examining their risk plans and making calls to advisers and political contacts Wednesday.

BEIJING — President Xi Jinping tried to allay fears the ruling Communist Party’s latest development strategy might hamper trade, promising Wednesday that China will open wider and become “the world’s market.

SILVER SPRING, Md. — The U.S. trade deficit fell in September after hitting a 14-year high the previous month as exports outpaced imports. The gap between what the U.S. sells and what it buys abroad fell to $63.9 billion in September, a decline of 4.