National Business

BERLIN — Canada has narrowed down its shopping list for its next fleet of submarines to those made by two suppliers, Germany’s Thyssen Krupp Marine Systems and South Korea’s Hanwha Ocean Co.

TORONTO — Strength in the materials sector helped Canada's main stock index finish nearly 170 points higher Tuesday, while U.S. markets also gained ground on a rangebound trading day. Markets are still digesting U.S.

SURREY — The federal government says British Columbia is set to receive more than $326 million this fiscal year to help fund community infrastructure projects.

ST. JOHN'S — The premiers of Quebec and Newfoundland and Labrador, along with the heads of their power utilities, met in St. John's Tuesday as both provinces hammer out final agreements on a sweeping new energy partnership.

Bank of Canada governor Tiff Macklem says flexibility is key as the bank prepares to review its rate-setting framework in a world undergoing an economic sea change.

TORONTO — A new report says the current youth unemployment rate is at levels typically only seen during recessions, even as other age groups face a more resilient labour market.

CALGARY — The head of the Alberta Energy Regulator has cancelled an application hearing for a potential coal mine, a move that he acknowledged is "without precedent.

Stocks closed higher on Wall Street after an afternoon push left major indexes just below their recent records. The S&P 500 rose 0.4% Tuesday after drifting between small gains and losses for much of the day.

OTTAWA — Prime Minister Mark Carney says expansions to ports in Montreal and Manitoba could be among the first projects fast tracked under his government's new major projects bill.

WASHINGTON (AP) — Federal Reserve Gov. Lisa Cook will sue President Donald Trump's administration to try to prevent him from firing her , her lawyer said Tuesday.