National Business

CALGARY — Indigenous communities interested in taking an equity stake in the Trans Mountain pipeline should wait until after its controversial expansion is built to avoid risk, says Barrie Robb, a principal with Fivars Consulting Ltd. of Calgary.

CALGARY — Kinder Morgan Canada Ltd. says earnings from its significantly pared-back assets climbed 80 per cent in the fourth quarter compared with a year earlier.

OTTAWA — The Insurance Bureau of Canada says severe weather caused $1.9 billion in insured damage last year.

LONDON — British Prime Minister Theresa May survived a no-confidence vote in Parliament on Wednesday to remain in office — but saw more of her power ebb away as she battled to keep Brexit on track after lawmakers demolished her European Union divorce

CALGARY — Alberta Energy Minister Marg McCuaig-Boyd says the province is leaving its oil curtailment levels at 325,000 barrels per day for now despite discounts for western Canadian crude that have narrowed to three-and-a-half-year lows.

TORONTO — Royal Bank of Canada has lowered its posted five-year fixed rate by 15 basis points from 3.89 per cent to 3.74 per cent.

TORONTO — Gains in the financial and health-care sectors helped Canada's main stock index close higher along with U.S. indices. Bank stocks in the U.S.

WASHINGTON — The Federal Reserve said Wednesday business contacts in many regions of the country are expressing less optimism amid a host of adverse developments, from plunging stock prices to uncertainty about a widening trade war.

NEW YORK — Sinclair Broadcast wants to "Stirr" up streaming.

FREDERICTON — New Brunswick's auditor general says the province's education system has been hampered by political interference and the challenges faced by students living in poverty.