National Business

TORONTO — The Canadian Imperial Bank of Commerce has appointed Shawn Beber as its new head of U.S. operations.

PARIS (AP) — The funfair lights at Louis Vuitton shone as brightly as the starry front row Tuesday for the vibrant and infectious spring collection from Nicolas Ghesquiere that capped Paris Fashion Week.

TORONTO — A broad-based rally pushed Canada's main stock index up by almost 500 points Tuesday, in a continued strong start to the final quarter of the year buoyed by hopes that central banks’ rate hikes are having their intended effect.

LYMAN, Ukraine (AP) — Russian troops abandoned a key Ukrainian city so rapidly that they left the bodies of their comrades in the streets, offering more evidence Tuesday of Moscow's latest military defeat

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,370.99, up 489.80 points.) Toronto-Dominion Bank. (TSX:TD). Financials. Up $1.62, or 1.88 per cent, to $87.99 on 15.7 million shares.

VICTORIA — The British Columbia government is bringing in new laws to replace the outdated Mortgage Brokers Act as it follows recommendations from an inquiry into money laundering.

TORONTO — Royal Bank said Tuesday that it has bought MDBilling.ca, a cloud-based platform that automates medical billing for Canadian physicians, in the latest move by banks to provide financial services to the sector.

TORONTO — A clinched playoff spot with home-field advantage for the Toronto Blue Jays will bring a much-needed boost to businesses in Toronto and across Canada this fall.

TORONTO — HSBC Bank Canada is up for a potential sale as global banking giant HSBC Holdings Plc faces pressure to shake up operations from its largest shareholder.

HALIFAX — The four daily newspapers owned by the SaltWire Network in Atlantic Canada will soon stop publishing on Mondays, though there will be digital editions. In a story published Tuesday, SaltWire said the change takes effect Oct.