National Business

WASHINGTON (AP) — President Joe Biden will announce the release of 15 million barrels of oil from the U.S.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,798.18, up 177.16 points): Royal Bank of Canada (TSX:RY). Financials. Up 62 cents, or 0.5 per cent, to $124.20 on 7.8 million shares.

HALIFAX — Nova Scotia’s heavily subsidized ferry that operates between Yarmouth, N.S., and Bar Harbor, Maine, will be the subject of an economic impact study, the premier said Tuesday.

BERLIN (AP) — Insurance companies that have long said they'll cover anything, at the right price, are increasingly ruling out fossil fuel projects because of climate change — to cheers from environmental campaigners.

SAN FRANCISCO (AP) — Netflix reversed its recent subscriber losses with a summertime gain that management is hoping to build upon with the upcoming launch of a cheaper version of the video streaming service that will include ads for the first time.

TORONTO — Canada's main stock index closed up more than 175 points, alongside gains in the U.S. markets, ahead of Canadian inflation data due out on Wednesday. The S&P/TSX composite index was up 177.16 points at 18,798.18.

TORONTO — The Criminal Lawyers' Association is calling on the Ontario government to boost the province's legal aid program, saying insufficient funding is leading to more accused being unrepresented and discouraging young lawyers from staying in defe

Grocery chain Metro Inc. said Tuesday it is holding food prices steady as usual this holiday season, a day after one of its biggest rivals rolled out a price-freeze campaign to fight inflation.

NEW YORK — Stocks rose on Wall Street, adding to weekly gains for major indexes that have been mired in a broad slump amid inflation and recession concerns. The S&P 500 rose 1.1% Tuesday. The Dow Jones Industrial Average and the Nasdaq also rose.

TORONTO — Wealthsimple says a key approval from the Bank of Canada gives it direct access to a much faster national payments system that's in the works.