National Business

As the spring season brings higher flood risk to Canadians, as seen in British Columbia recently, experts say many homeowners remain without adequate insurance to cover extreme weather’s damage to their homes.

NEW YORK — Asian markets were mixed Friday as a deadline loomed for Congress to reach a deal on the U.S. government debt or face a potentially calamitous default . Tokyo and Seoul rose while Shanghai and Sydney fell.

MONTREAL — Air Canada briefly grounded its planes Thursday due to a problem with its computer system, delaying nearly half its flights.

Vancouver-based company Lululemon says it will expand its headquarters in the city and create 2,600 jobs over the next five years.

TORONTO — Former Unifor president Jerry Dias was not charged as the result of an investigation launched last year into allegations that the longtime union leader accepted a bribe, Toronto police said Thursday.

CHARLOTTETOWN — The Prince Edward Island government tabled a $3.09-billion budget Thursday that forecasts a $97.6-million deficit and a promise to spend money for a new medical school to help the frail health-care sector.

CHARLOTTETOWN — The Prince Edward Island government tabled a $3.09-billion budget Thursday. Here are some highlights: — A projected deficit of $97.6 million on total revenues of $2.99 billion and expenditures of $3.09 billion.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,774.08, down 153.61): Toronto-Dominion Bank. (TSX:TD). Finance. Down $3.40, or 4.19 per cent, to $77.78 on 10.3 million shares.

TORONTO — The effects of heightened inflation and central bank efforts to rein it in by slowing the economy are showing in the second-quarter results from Canada's big banks.

TORONTO — Canada's main stock index was down more than 150 points Thursday, weighed down by losses in energy and telecom, while U.S. stock markets were mixed. The S&P/TSX composite index was down 153.61 points at 19,774.08.