National Business

TORONTO — Canada's main stock index was up by more than 90 points on the first day of the month after a mid-morning trading halt due to a technical problem, while U.S. stocks were down on hotter-than-expected employment data and tech stocks.

Tuesday's outage at the Toronto Stock Exchange that temporarily halted trading may have frustrated investors and traders, but it's not the only high-profile technical glitch to affect a major global securities exchange in recent years.

TORONTO — EQ Bank owner Equitable Group Inc. said Tuesday it has closed its takeover of Concentra Bank in a deal valued at $495 million. The takeover of Concentra boosts Equitable's assets under management base by $13.

NEW YORK — Stocks gave up early gains and ended lower on Wall Street after an unexpectedly strong report on the job market raised concerns that the Federal Reserve will need to keep the pressure on inflation with aggressive interest rate increases.

MONTREAL — A labour union is raising concerns about Sunwing's proposal to hire temporary foreign workers to address Canada's pilot shortage in preparation for the winter travel surge, arguing the airline hasn't done enough to attract local employees

Molson Coors Beverage Co.'s chief executive says inflation has been a "significant headwind" for the brewer, weighing on its third-quarter profits even as sales increased.

Milk prices in Canada are expected to go up again in the new year. The Canadian Dairy Commission said Tuesday it has approved an increase in farm gate milk prices of about 2.2 per cent, or just under two cents per litre, effective Feb. 1, 2023.

TORONTO — Turquoise Hill Resources Ltd. has delayed a shareholder meeting to vote on Rio Tinto's deal to take the company private.

CALGARY — The Calgary Real Estate Board says the city is on track to record a record year for home sales, even as the number of transactions in October fell 15 per cent from the year before.

NEW YORK (AP) — Elon Musk didn't let the responsibilities of becoming CEO at a third major company curb his Halloween spirit this year.