National Business

WATERLOO — Definity Financial Corp. says it will acquire most of the Canadian operations of U.S. insurance firm Travelers for $3.3 billion. Definity says the deal will make it the fourth largest property and casualty insurer in Canada.

MILAN (AP) — Stellantis , the world’s fourth-largest carmaker , named Italian auto executive Antonio Filosa as its new chief executive officer Wednesday, replacing Carlos Tavares , who resigned under pressure last year.

Bell Canada has announced it will open six artificial intelligence data centres in B.C. as part of a plan to create the largest AI compute project in Canada.

The latest TransUnion debt report shows total debt continued to grow in the first quarter compared with the year before, driven mainly by young people and newcomers.

MONTREAL — A federal Crown corporation paid more than $330,000 to an outside marketing firm to rebrand a planned passenger rail project between Toronto and Quebec City and boost its popularity.

CALGARY — The chief executive of WestJet Group says the federal government should not treat air travel as a luxury in a country as vast as Canada and reducing costs to the industry would help foster national unity.

HALIFAX — The Nova Scotia Assembly of Mi’kmaw Chiefs says the provincial government needs to do a better job of consultation as it pushes to develop the province’s natural resources.

In remote, rural areas from Alberta to Manitoba, wildfires forced residents from their homes Tuesday, while others remained on edge as flames inched closer to their communities.

A new report says the annual levy charged to Alberta oil companies to fund the cleanup of orphaned oil and gas wells remains too low to clear the backlog or keep up with the rate of surrendering.

NEW YORK (AP) — Wall Street’s roller-coaster ride created by President Donald Trump’s trade policies whipped back upward on Tuesday, this time because of a delay for his tariffs on the European Union .