National Business

TORONTO — Canada's main stock index closed up along with U.S. markets Tuesday as investors saw reason for optimism on the trade front. The S&P/TSX composite index was trading down earlier in the day and U.S.

MONTREAL — Gildan Activewear Inc. saw its earnings rise to US$84.7 million in its latest quarter. The Montreal-based apparel maker, which keeps its book in U.S. dollars, says the first-quarter profit compared with net earnings of US$78.

CALGARY — Energy industry groups and environmental advocates were striking a hopeful note a day after voters returned the Liberals to power in Ottawa with a minority mandate.

ST. JOHN'S — Crews are searching for a pilot missing in the waters off the east coast of Newfoundland after a pontoon plane crashed this morning while en route to Portugal.

VICTORIA — British Columbia's auditor general says the body in charge of providing legal aid for those with low incomes doesn't have processes or information to ensure people get timely and high-quality help.

TORONTO — Ontario is taking a concrete step toward an idea Premier Doug Ford has championed to build a tunnel under Highway 401. Ford has spoken often of the need to address gridlock and railed against lost productivity as a result of it.

TORONTO — RBC says it is scrapping its sustainable finance commitment and holding back on other climate disclosures in part because of regulatory changes.

NEW YORK (AP) — U.S. stocks rose again as stronger-than-expected profits keep piling higher for companies, though CEOs say they’re unsure how long that can last due to uncertainty around President Donald Trump’s trade war. The S&P 500 climbed 0.

TORONTO — With the Liberal Party poised to form a minority government following the election, economists say the focus now shifts toward Prime Minister Mark Carney's spending promises amid the trade war with the United States.

WASHINGTON (AP) — Americans' confidence in the economy slumped for the fifth straight month to the lowest level since the onset of the COVID-19 pandemic as anxiety over the impact of tariffs takes a heavy toll.