National Business

TORONTO — Scotiabank says Cedar Leaf Capital is set to become Canada's first majority Indigenous-owned investment dealer after getting the green light from regulators.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in September was up five per cent compared with August.

OTTAWA — Statistics Canada says manufacturing sales in August fell to their lowest level since January 2022 as sales in the primary metal and petroleum and coal product subsectors fell. The agency says manufacturing sales fell 1.3 per cent to $69.

TORONTO — TD Bank Group says The Charles Schwab Corp.'s third-quarter results are expected to translate into about $178 million of reported equity in net income for the Canadian bank's fourth quarter.

The diplomatic row between Canada and India could derail a trading relationship that already underperforms its potential, experts warn.

MONTREAL — Federal Labour Minister Steven MacKinnon is proposing a special mediator in contract talks at the Port of Montreal for a three-month period during which strikes and lockouts would be off the table.

TORONTO — The more than US$3-billion settlement TD Bank Group reached with U.S. regulators for its failures to oversee money laundering risks has underlined what some say are relatively weak enforcement efforts in Canada.

REGINA — Saskatchewan New Democratic Leader Carla Beck was on the campaign trail Tuesday promising better health care, while the Saskatchewan Party's Scott Moe proposed to continue withholding federal carbon levy payments.

EDMONTON — Alberta's government has launched a national ad campaign targeting the federal government's incoming emissions cap for the oil and gas sector. Premier Danielle Smith said Tuesday it's a de facto production cap that will stifle the economy.

Falling energy prices tugged Canada’s main stock index downward on Tuesday as producers responded to developments in the Middle East and China. The S&P/TSX composite index dipped by 32.09 points to 24,439.08. The 4.