Skip to content

National Business

Saskatchewan reports $31K in public money losses at Crown corporations

Saskatchewan reports $31K in public money losses at Crown corporations

REGINA — Saskatchewan's government is reporting roughly $31,000 in public money losses after officials allege three employees used corporate credit cards and tampered with invoices for personal gain.
OpenAI reverses course and says its nonprofit will continue to control its business

OpenAI reverses course and says its nonprofit will continue to control its business

After months spent pursuing a plan to convert itself into a for-profit business, OpenAI is reversing course and said Monday its nonprofit will continue to control the company that makes ChatGPT and other artificial intelligence products.
Thousands of machinists union members go on strike at jet engine maker Pratt & Whitney

Thousands of machinists union members go on strike at jet engine maker Pratt & Whitney

EAST HARTFORD, Conn. (AP) — About 3,000 labor union members went on strike early Monday at jet engine maker Pratt & Whitney in Connecticut, as negotiations over wages, retirement benefits and job security broke down.
Doug Ford asks Mark Carney to prioritize 'nation-building' Highway 401 tunnel

Doug Ford asks Mark Carney to prioritize 'nation-building' Highway 401 tunnel

TORONTO — Ontario Premier Doug Ford is seeking Prime Minister Mark Carney's support for his idea to build a tunnel under Highway 401.
Lion Electric likely to be liquidated, court-appointed monitor says

Lion Electric likely to be liquidated, court-appointed monitor says

SAINT-JÉRÔME — Lion Electric will very likely be liquidated following the Quebec government's refusal to invest more public funds in the company, says the court-appointed monitor for the electric-vehicle maker.
Ontario to include expanded manufacturing tax credit in upcoming budget

Ontario to include expanded manufacturing tax credit in upcoming budget

TORONTO — Ontario Finance Minister Peter Bethlenfalvy has offered a first glimpse at his upcoming budget, announcing an expanded Ontario manufacturing tax credit.
Hudson's Bay Company records give public chance to 'reconnect' with ancestors

Hudson's Bay Company records give public chance to 'reconnect' with ancestors

WINNIPEG — Dyana Lavallee stares at a copy of a photograph on display to the public at the Hudson's Bay Company Archives in Winnipeg. The Metis woman quickly recognizes it as the same one her grandmother had years ago.
Federal Reserve likely to defy Trump, keep rates unchanged this week

Federal Reserve likely to defy Trump, keep rates unchanged this week

WASHINGTON (AP) — The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs.
Fairfax Financial signs letter of intent to buy Keg Royalties Income Fund

Fairfax Financial signs letter of intent to buy Keg Royalties Income Fund

VANCOUVER — The Keg Royalties Income Fund has signed a letter of intent to be acquired by Fairfax Financial Holdings Ltd., its largest unitholder. The proposal for $18.60 per unit in cash values the steak house fund at about $211 million.
Shoemaker Skechers to be acquired for $9 billion and taken private by 3G Capital

Shoemaker Skechers to be acquired for $9 billion and taken private by 3G Capital

Skechers is being acquired for $9 billion and taken private by the investment firm by 3G Capital. The board of Skechers unanimously approved the deal, the companies said Monday.