National Business

ST. JOHN'S — The Newfoundland and Labrador government is delaying its plan to balance the books for another year, with a new budget forecasting a $372-million deficit as the province navigates uncertainty from decisions made south of the border.

NEW YORK (AP) — U.S. stocks are soaring on a euphoric Wall Street Wednesday after President Donald Trump said he would back off on most of his tariffs temporarily , as investors had so desperately hoped he would. The S&P 500 was up 8.

WASHINGTON (AP) — Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%.

TORONTO — Stock markets in Canada and the U.S. soared after U.S. President Donald Trump backed down on his tariffs on most nations for 90 days, but he further raised his tax rate on Chinese imports.

BANGKOK (AP) — President Donald Trump on Wednesday raised tariffs on China to 125% , hours after China boosted taxes on American imports to 84% and vowed to “fight to the end” in an escalating battle that threatens to disrupt trade between the world'

ST. JOHN'S — Newfoundland and Labrador's budget for the 2025-26 fiscal year, introduced on Wednesday, is in deficit and includes money to help the economy weather the potential economic storm resulting from U.S. tariffs on Canadian goods.

TORONTO — Ontario is open to a compromise with the City of Toronto on plans to remove three bicycle lanes, the transportation minister's office said.

CALGARY — The owner of the Keystone pipeline says a segment that ruptured in North Dakota has been isolated and the oil spill has been contained. Calgary-based South Bow Corp.

Golf is never far from Josh Muise's mind, no matter the weather in Lunenburg, N.S.

PRINCE GEORGE — Mounties in Prince George, B.C., are warning about "a significant increase in high value" scams targeting Indigenous communities and businesses.