National Business

OTTAWA — The dream to open an Inuit-led university is one step closer to realization, the president of Inuit Tapiriit Kanatami said, after a $50 million investment from the Mastercard Foundation.

TORONTO — Canada's main stock index rose Wednesday, helped by strength in telecommunication and utility stocks, while U.S. stock markets moved lower ahead of Thanksgiving. The S&P/TSX composite index closed up 83.16 points at 25,488.30.

Auto industry leaders say U.S. president-elect Donald Trump's threat of tariffs on Canadian goods would have devastating effects for the sector, forcing both Canadian and U.S. consumers to pay higher vehicle prices.

Losses for big technology stocks pulled major indexes lower on Wall Street. The S&P 500 fell 0.4% Wednesday. The Dow Jones Industrial Average slipped 0.3% from its record high a day earlier, and the Nasdaq composite lost 0.6%.

WASHINGTON — As president-elect Donald Trump rattles his closest neighbours with threats of tariffs, he is also firming up the team of loyalists to put his plans into action.

TORONTO — Ontario is eyeing three sites across the province for new electricity generation facilities, including the possibility of large-scale nuclear plants, in order to meet soaring power demands.

OTTAWA — The federal government says it is not planning to intervene to resolve the labour dispute at Canada Post, even with less than a month to go before Christmas.

WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries.

WASHINGTON (AP) — Consumer price increases accelerated last month, the latest sign that inflation's steady decline over the past two years has stalled in recent months.

Peel police say a 22-year-old man has been arrested after he allegedly posed as a ride-share driver in a series of violent sexual assaults.