National Business

LANGLEY, B.C. — Police in Langley, B.C., say one person is dead in a crash between a car and a motorcycle on Highway 1 that shut down the route for hours.

OTTAWA — The head of Via Rail repeatedly told MPs a train delay over the Labour Day long weekend was an isolated incident, despite a similar event two years ago.

MONTREAL — Canadian National Railway Co. told employees this week it plans to relocate its operations in Jasper to near Hinton, Alta., about 100 kilometres away.

VANCOUVER — West Fraser Timber Co. Ltd. says it's indefinitely curtailing its sawmill in Lake Butler, Fla., by the end of the month. The Vancouver-based company says the decision is because of high fibre costs and soft lumber markets.

Rogers Communications' plan to buy out Bell's ownership share of Maple Leaf Sports & Entertainment could become a big victory for an emerging power player on the sports media scene.

MONTREAL — Bakery company Bimbo Canada says it's closing its bakery in Quebec City by the end of the year, affecting about 141 workers.

OTTAWA — Treasury Board President Anita Anand has been sworn in as federal transport minister at a ceremony at Rideau Hall, taking over a portfolio left vacant after Pablo Rodriguez resigned from cabinet and the Liberal caucus on Thursday.

NEW YORK (AP) — Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates . The S&P 500 jumped 1.

TORONTO — Canada's main stock index gained more than one per cent on Thursday, while U.S. stock markets rallied to new records a day after the U.S. Federal Reserve cut its key interest rate.

Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsui