National Business

TORONTO — Markets moved higher on Wednesday after a broad-based rally lifted shares of health-care companies and consumer brands, amid renewed hopes for a stimulus deal in the U.S.

Malcolm Coven, the tenacious co-founder of Canadian bargain store BiWay, has died. He was 91. The son of Russian Jewish immigrants, Coven grew up in Massachusetts and attended Boston Latin School, an elite public high school with entrance exams.

TORONTO — Markets moved higher after a broad-based rally lifted shares of health-care companies and consumer brands, amid renewed hopes for a stimulus deal in the U.S. The S&P/TSX composite index closed up 192.17 points at 16,428.30.

TORONTO — CBC says in an internal memo it is cutting more than 60 newsroom jobs. CBC spokesman Chuck Thompson says about 50 unionized employees and 10 managerial positions are affected by the cuts. More coming. The Canadian Press

TORONTO — Netflix Canada is increasing some of its prices again. The streaming giant says the basic plan for subscribers remains unchanged at $9.99 a month, but the standard monthly plan is going up by one dollar to $14.

In a business where family tradition tends to matter, Chris Fletcher stepped up Wednesday to follow in his grandfather's footsteps to lead production of the Jack Daniel’s whiskey brand.

Questions about potential bias at the Canadian Transportation Agency came to the fore this week after a government official acknowledged that CTA board members greenlit the regulator’s stance in favour of travel vouchers over refunds.

TORONTO — The Second City comedy theatre — where comedy stars such as Eugene Levy, Catherine O'Hara, John Candy, Bill Murray, Martin Short, Steve Carell, Mike Myers, Tina Fey and others got their start — has been put up for sale.

NEW YORK — President Donald Trump’s accountant must turn over his tax records to a New York state prosecutor, an appeals court ruled Wednesday in a decision that likely sets up a second trip to the U.S. Supreme Court over the issue. The 2nd U.S.

SILVER SPRING, Md. — Shares in major U.S. airlines jumped at the opening bell, pulling the broader market along, after President Donald Trump signalled a willingness to help the decimated carriers in seemingly contradictory tweets.