National Business

KINGSEY FALLS, Que. — Cascades Inc. has named Resolute Forest Products executive Hugues Simon as its next president and CEO. The paper and packaging company says Simon will takeover the new job no later than July 1.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (22,284.76, up 41.42 points): Enbridge Inc. (TSX:ENB). Energy. Down 17 cents, or 0.34 per cent, to $50.33 on 14.4 million shares.

TORONTO — Ontario will revamp how it compensates seasonal agricultural workers who are injured on the job, but critics say thousands of other migrant workers are being left out of the changes.

Police in the Greater Toronto Area say they've arrested and charged a man who called himself the "crypto king" after an investigation into an alleged investment fraud involving millions of dollars.

TORONTO — Strength in technology and utility stocks helped Canada's main stock index inch higher Wednesday, while U.S. stock markets rallied to new record highs after a pair of reports on inflation and retail sales.

NEW YORK (AP) — U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The S&P 500 jumped 1.2% Wednesday to top its prior all-time high set in March. The Nasdaq composite added 1.

GALVESTON, Texas (AP) — A barge slammed into a bridge pillar in Galveston, Texas, on Wednesday, spilling oil into surrounding waters and closing the only road to a smaller and separate island that is home to a university, officials said.

Toronto Hydro says power has been restored after a large outage caused by a squirrel impacted thousands of people in the downtown area. The company’s outage map showed the disruption started at 10:23 a.m.

MOUNTAIN VIEW, Calif.

MONTREAL — AtkinsRéalis enjoyed a thriving nuclear business in its latest quarter, as the engineering firm looks to build on a gradual global transition away from fossil fuels.