National Business

WINNIPEG — Longtime federal Liberal cabinet minister Lloyd Axworthy has been tapped by the Manitoba government to lead a study into the decades-old issue of relocating rail lines in Winnipeg.

TORONTO — Taylor Swift fans headed to Toronto for a run of six concerts next month are expected to bring with them hundreds of millions of dollars in local economic activity, according to new modelling from a tourism organization.

NEW YORK (AP) — U.S. stocks pulled back from their records as the price of crude oil tumbled again and technology stocks faltered. The S&P 500 fell 0.8% Thursday, a day after setting an all-time high for the 46th time this year.

PEACE RIVER, Alta. — The operator of a pulp mill in northwestern Alberta has been fined $1 million for letting almost 31 million litres of toxic wastewater flow into the Peace River.

REGINA — Saskatchewan Party Leader Scott Moe says residents would continue to be exempt from paying the federal carbon levy on home heating if he's re-elected premier on Oct. 28.

HALIFAX — The Nova Scotia government says it will provide financial support for at least two more years to the private ferry service that links the province with Maine.

The Canadian Real Estate Association is downgrading its housing market forecast for the remainder of the year again, saying the Bank of Canada's interest rate cuts haven't spurred the gradual improvement it previously anticipated.

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, fell 0.6 per cent to $81.9 billion in August.

Mistakes in our youth are normal and forgivable, but financial ones can be nasty to fix. Young consumers are still missing the basics, experts say.

IQALUIT — An Air India flight made an emergency landing this morning in Nunavut following a security threat posted online.