National Business

EDMONTON — Alberta's government says it has dismantled the board of Alberta Health Services — for the second time in nearly as many years — and appointed a high-ranking bureaucrat as administrator.

Stocks on Wall Street surrendered early gains and closed broadly lower Friday after the White House said President Donald Trump would impose promised tariffs on key U.S. trading partners. The S&P 500 fell 0.5% and the Nasdaq composite dropped 0.

OTTAWA — The Conservative Party had a banner fundraising year in 2024, when it nearly doubled the combined total collected by the Liberals and NDP by raising almost $41.8 million. The Conservatives brought in nearly $12.

Two of Ontario’s main party leaders focused their attention south of the border Friday with American tariffs possibly hours away, while a third set her sights on shoring up local votes with transit pledges.

TORONTO — Stock markets and the Canadian dollar fell Friday as it became increasingly likely that U.S. President Donald Trump would impose tariffs starting Feb. 1.

The federal government says it is deferring the implementation of a hike to the capital gains inclusion rate to next year and plans to introduce new exemptions to ensure most middle-class Canadians do not pay more tax if the rate becomes official.

TORONTO — RBC has quit the UN-backed Net-Zero Banking Alliance, leaving none of Canada's Big Six banks represented in the group.

Canadian journalism organizations are having to wait a bit longer for their share of the $100 million Google agreed to pay news outlets to be exempt from the Online News Act.

OTTAWA — Liberal leadership contender Mark Carney is backing away from Prime Minister Justin Trudeau's consumer carbon pricing regime but will keep industrial pricing in place.

WASHINGTON (AP) — President Donald Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective on Saturday, the White House said, but it provided no word on whether there would be any exemptions