National Business

TORONTO — Canadian toy manufacturer Spin Master Corp. is pleading to "save Santa's supply chain" in the wake of U.S. President Donald Trump's tariffs.

NEW YORK (AP) — SharkNinja is recalling more than 2 million pressure cookers sold in the U.S. and Canada — after consumers reported over 100 burn injuries spanning from a hazard that can cause hot food to spew out.

ST. JOHN'S — The Newfoundland and Labrador government is installing a bronze plaque to commemorate the safe return of seven fishermen who survived days at sea in a life-raft after their vessel went down in flames last year.

McDonald’s store traffic fell further than expected in the first quarter as economic uncertainty weighed on diners. The trouble was particularly acute in the U.S., where same-store sales — or sales at locations open at least a year — slumped 3.6%.

ST. JOHN'S — The RCMP have taken over the search for a pilot reported missing after his small aircraft crashed in the Atlantic Ocean off the east coast of Newfoundland on Tuesday morning.

OTTAWA — Stock markets have taken a wild ride in recent weeks as U.S. President Donald Trump's on-again, off-again tariffs have created massive uncertainty for companies and the economy at large.

U.S. applications for jobless benefits jumped to their highest level in two months, but layoffs remain in a historically healthy range despite increasing fears of a tariff-induced economic slowdown.

WINNIPEG — Great-West Lifeco Inc. says its president and CEO Paul Mahon is set to retire July 1 and will be succeeded by David Harney. Mahon has spent 39 years with the company, including the past 12 as its chief executive.

TORONTO — Thomson Reuters says its profit fell in its latest quarter as revenues edged higher. The company, which keeps its books in U.S. dollars, reported a first-quarter profit of US$434 million, down from US$478 million a year ago.

McDonald’s store traffic fell unexpectedly in the first quarter as economic uncertainty weighed on diners. The burger giant’s same-store sales, or sales at locations open at least a year, fell 1% globally in the January-March period.