National Business

WASHINGTON (AP) — President Donald Trump singled out Brazil for import taxes of 50% on Wednesday for its treatment of its former president, Jair Bolsonaro, showing that personal grudges rather than simple economics are a driving force in the U.S.

TORONTO — Strength in the basic materials sector helped Canada's main stock index finish higher, while U.S. stock markets rose. The S&P/TSX composite index was up 68.75 points at 26,972.32.

Stocks closed higher on Wall Street as the Trump administration sought to win more deals with global trading partners. The S&P 500 rose 0.6% Wednesday. The Dow Jones Industrial Average added 0.5%, and the Nasdaq composite rose 0.9%.

TORONTO — As a marketing expert, Markus Giesler was aghast after hearing Coldplay frontman Chris Martin blast Toronto's brand new Rogers Stadium onstage.

TORONTO — A regulator-led survey of Ontario mutual fund dealers based out of big banks finds a sizable minority are not always acting in the interests of clients.

President Donald Trump has sent letters to a handful of countries this week outlining higher tariffs they'll face if they don't make trade deals with the U.S. by Aug. 1.

TORONTO — EQB Inc. has named its former chief financial officer Chadwick Westlake as its next CEO, succeeding Andrew Moor who died unexpectedly last month. Westlake, who will assume the role effective Aug.

TORONTO — A report by TD Bank suggests mortgage renewals are expected to strain Canadian households, but most borrowers will manage albeit with less financial flexibility.

THUNDER BAY — Impala Platinum Holding Ltd. plans to end production at its Lac des Iles mine in northwestern Ontario at the end of May next year due to low palladium prices.

NEW YORK (AP) — X CEO Linda Yaccarino said she’s stepping down after two years running Elon Musk’s social media platform.