National Business

The PGA Tour abruptly dropped its expensive fight with Saudi Arabia’s LIV Golf venture on Tuesday and instead announced a stunning merger that creates a global operation featuring the world’s top players backed by the Saudis' massive wealth.

VANCOUVER — A global trade analyst says a potential strike for more than 7,000 terminal cargo movers in ports throughout British Columbia could have dire consequences for not only the Canadian economy, but globally as well.

OSHAWA, Ont. — General Motors says it's investing $280 million in its Oshawa assembly plant to produce its next generation of full-sized internal combustion engine pickup trucks.

VANCOUVER — Teck Resources Ltd. says it has received an unspecified number of "indications of interest" for potential deals on a spinoff of its coal assets as it seeks alternatives to the unsolicited takeover bid being pushed by Glencore.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,055.60, up 123.98): Suncor Energy Inc. (TSX:SU). Energy. Up 44 cents, or 1.12 per cent, to $39.79 on 18.7 million shares.

TORONTO — Canada's main stock index posted modest gains Tuesday with strength in energy, financials, tech and base metals boosting the index ahead of Wednesday's Bank of Canada interest rate announcement, while U.S.

TORONTO — Nine in 10 Canadian construction companies say they are dealing with a shortage of skilled labour or trades — and it's affecting their ability to bid on projects and meet deadlines amid unprecedented demand.

NEW YORK (AP) — Stocks drifted on Wall Street amid a vacuum of market-moving data. The S&P 500 rose 0.2% Tuesday. The Dow Jones Industrial Average closed up 10 points while the Nasdaq added 0.4%.

TORONTO — Canadian tech companies say Apple's new Vision Pro headset gives them hope that augmented and virtual reality wearables could catch on with consumers and businesses.

TORONTO — Vehicle theft in multiple provinces surged last year, according to insurance industry group Équité Association.