National Business

TORONTO — Canada's main stock index eked out a gain Tuesday, while U.S. markets also rose. The S&P/TSX composite index closed up 2.79 points at 22,468.16. In New York, the Nasdaq and the S&P 500 both posted new closing records Tuesday.

NEW YORK (AP) — U.S. stock indexes drifted higher to set more records following another quiet day of trading. The S&P 500 rose 0.3% Tuesday to surpass its record set last week. The Nasdaq composite added 0.

WASHINGTON (AP) — The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.

CALGARY — It will be more than five years before Suncor Energy Inc. makes any significant investments to secure new bitumen supply, the Calgary-based oil company said Tuesday.

The organizers of a month-long boycott of Loblaw-owned stores say they've decided to extend the boycott past May.

HALIFAX — A trial date has been set for 2026 in a class-action lawsuit regarding the crash landing of an Air Canada flight at the Halifax International Airport during a storm in 2015.

HALIFAX — Last week’s seizure of more than 100 kilograms of baby eels at Toronto Pearson International airport is being welcomed as a significant step by a commercial elver fisher in Nova Scotia.

OTTAWA — Canada’s annual inflation rate fell to 2.7 per cent in April amid a broad-based slowdown in price growth, boosting expectations of an interest rate cut next month. Statistics Canada said the slowdown from 2.

The federal government has announced a range of measures meant to curb rising auto thefts. It comes after a national summit to address what government and police describe as a growing international concern.

SEOUL, South Korea (AP) — Leading artificial intelligence companies made a fresh pledge at a mini-summit Tuesday to develop AI safely, while world leaders agreed to build a network of publicly backed safety institutes to advance research and testing