National Business

VANCOUVER — Teck Resources Limited says it has reached a deal to sell its closed Quintette steelmaking coal mine in northeast British Columbia to Conuma Resources Ltd.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,200.76, down 242.52 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 37 cents, or 0.90 per cent, to $40.60 on 15.7 million shares.

North American stock markets suffered broad-based declines Monday, continuing the downward momentum that's been the story for equities since the start of December. The S&P/TSX composite index was down 242.52 points at 19,200.76.

OTTAWA — Canadian taxpayers spent at least $1 million hosting King Charles III, who was the Prince of Wales at the time, when he visited Canada earlier this year.

MONTREAL — As some Canadian airlines look to cut costs and lower ticket prices, Porter Airlines is catering to a more premium economy experience.

NEW YORK — Stocks closed lower on Wall Street as investors brace for higher interest rates from central banks to fight inflation. The S&P 500 lost 0.9% Monday, the tech-heavy Nasdaq composite lost 1.5% and the Dow Jones Industrial Average fell 0.

Millions of Twitter users asked Elon Musk to step down as the head of Twitter in a poll the billionaire created and promised to abide by. But Monday afternoon there was no word on whether Musk would step aside or who the new leader might be.

BRUSSELS (AP) — European Union ministers on Monday finalized a long-awaited deal to implement a natural gas price cap that they hope will help households and businesses better weather excessive price surges.

Foodtastic Inc. has signed its second acquisition deal in a month as the restaurant franchisor pursues an ambitious plan to grow its portfolio and boost sales.

CALGARY — TC Energy Inc. says upcoming cold weather has the potential to slow the recovery of the oil spilled from its Keystone pipeline leak in Kansas. The company says it has recovered an estimated 7,233 barrels of oil from a creek as of 5 p.m.