National Business

Canadian grain is in high demand as shippers try to feed a growing appetite from mills and governments seeking to shore up staple reserves amid the COVID-19 pandemic.

CALGARY — A final investment decision on Tuesday clearing the way for construction of the long-delayed Keystone XL Pipeline was greeted with relief by an Alberta oilpatch where production has outgrown pipeline capacity.

NEW YORK — Stocks are headed lower in subdued trading Tuesday, a rare calm day in what is likely to be Wall Street's worst quarter of performance since the 2008 financial crisis.

TORONTO — Canada's housing market could see a significant pullback this year because of the COVID-19 pandemic, but could rebound next year, a report by RBC says.

TORONTO — The Ontario Teachers' Pension Plan Board says it earned a net return of 10.4 per cent last year with net assets reaching $207.4 billion. The pension fund manager says its investment income reached a record $20.2 billion as of Dec. 31.

NEW YORK — The U.S.

BOSTON — A California woman was sentenced Tuesday to seven months in prison for paying bribes to rig her two daughters' college admissions exams and get one of them into Georgetown University as a fake tennis recruit.

VAUGHAN, Ont. — CannTrust Holdings Inc. says it has obtained protection from creditors under the Companies' Creditors Arrangement Act as it works resolve issues related the suspension of its licenses to produce and sell cannabis.

TORONTO — The energy sector led a broad-based rally in Toronto as Canada's main stock index surged higher in late-morning trading, while U.S. stock markets posted more modest gains. The S&P/TSX composite index up 431.51 points at 13,470.01.

CALGARY — Imperial Oil Ltd. is reducing its spending for this year by $1 billion, including a $500-million cut to its capital spending plan as it deals with the COVID-19 pandemic and crash in oil prices.