National Business

NEW YORK (AP) — The U.S. stock market, Elon Musk’s Tesla , banks and bitcoin all stormed higher Wednesday as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world .

TORONTO — Manulife Financial Corp. says it earned $1.84 billion in the third quarter, up from $1.01 billion a year earlier. The insurer says adjusted earnings, or what it calls core earnings, were $1.83 billion, up from $1.

TORONTO — U.S. stocks surged Wednesday after Republican candidate Donald Trump won the election, with the Dow Jones industrial average gaining 3.6 per cent, while Canadian markets rose by one per cent.

BERLIN (AP) — Germany’s center-left Chancellor Olaf Scholz announced Wednesday he was firing Finance Minister Christian Lindner, signaling the collapse of the ruling three-party coalition that relied on Lindner’s pro-business party.

For all the concerns about a tumultuous process that could leave Americans waiting for days to learn who its next president would be, news outlets instead experienced an election night that hewed close to tradition.

Donald Trump's impending return to the White House has cast a spotlight on Canada-U.S. economic ties amid worries that the president-elect's protectionist stance could complicate the vast levels of trade between the two countries.

TORONTO — Ahmed El-Awadi is stepping down as the chief executive officer of Swimming Canada. The governing body said Wednesday that El-Awadi is leaving to pursue other opportunities and spend more time with family.

TORONTO — Ontario is set to go on a "charm offensive" in the United States in the coming weeks now that Donald Trump has won the presidential election.

Toronto police say they have arrested two men and laid 176 charges against them in relation to a multi-million dollar vehicle theft investigation.

HALIFAX — A commercial lobster fishing group in Nova Scotia has gone to court seeking $10 million in damages against companies it alleges are buying illegally caught lobster.