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Business News

European regulators OK Alzheimer's treatment Leqembi after initial doubts

European regulators OK Alzheimer's treatment Leqembi after initial doubts

Europe Apr 16, 2025 / 7:14 am

European regulators have finally approved the Alzheimer’s treatment Leqembi after an advisory committee initially rejected the drug last summer and then...

Bank of Canada holds interest rate steady

Bank of Canada holds interest rate steady

Canada Apr 16, 2025 / 7:05 am

UPDATE 7:05 a.m. Bank of Canada is hitting pause after seven straight interest rate cuts as it grapples with global trade uncertainty. The central bank held its...

Competition Bureau opens review of deal involving MEC and TGI Holding

Competition Bureau opens review of deal involving MEC and TGI Holding

Canada Apr 16, 2025 / 6:44 am

Canada's competition regulator has opened a review of a deal involving retailer Mountain Equipment Co. Ltd. and TGI Holding Inc. It was not immediately...

China appoints a new trade negotiator during tariff fight with the US

China appoints a new trade negotiator during tariff fight with the US

China Apr 16, 2025 / 6:17 am

China appointed a new trade negotiator Wednesday in the midst of its tariff fight with the U.S. The government said Li Chenggang replaces Wang Shouwen, who...

Grocery and drugstore retailer Metro reports Q2 profit and sales up from year ago

Grocery and drugstore retailer Metro reports Q2 profit and sales up from year ago

Montreal Apr 16, 2025 / 5:57 am

Metro Inc. reported a second-quarter profit of $220.0 million, up from $187.1 million a year ago, as its sales rose 5.5 per cent. The grocery and drugstore...

Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs

Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs

United States Apr 16, 2025 / 5:45 am

U.S. shoppers increased their shopping last month, fueled by a spending spree on big ticket items from gadgets to cars before President Donald Trump’s...

Parkland says chief executive Bob Espey to step down from top job

Parkland says chief executive Bob Espey to step down from top job

Canada Apr 16, 2025 / 5:43 am

Parkland Corp. says chief executive Bob Espey has told its board of directors that he plans to step down from the top job. The change comes as the company's...

Wall Street wavers in a rare quiet day following weeks of tariff turmoil

Wall Street wavers in a rare quiet day following weeks of tariff turmoil

Apr 15, 2025 / 12:15 pm

U.S. stocks are wavering Tuesday in a rare quiet day for financial markets, for now at least. The S&P 500 was mostly unchanged in afternoon trading, though...

As Trump considers auto tariffs pause, parts exemptions could be key for US industry

As Trump considers auto tariffs pause, parts exemptions could be key for US industry

Canada/U.S. Apr 15, 2025 / 10:59 am

President Donald Trump hinted that he might temporarily relieve the auto industry from “permanent” tariffs he previously imposed on the business....

Honda not considering production shift away from Canada: minister, premier

Honda not considering production shift away from Canada: minister, premier

Ontario Apr 15, 2025 / 10:45 am

Government officials are pushing back against a report that Honda is considering shifting some Canadian production to the United States in response to tariffs,...

Tariff uncertainty foils 'slam dunk rebound year' for national home sales: CREA

Tariff uncertainty foils 'slam dunk rebound year' for national home sales: CREA

Canada Apr 15, 2025 / 7:37 am

The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2025, while the number of homes that changed hands across the...

CMHC reports annual pace of housing starts slowed in March

CMHC reports annual pace of housing starts slowed in March

Canada Apr 15, 2025 / 7:34 am

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March slowed compared with February. The national housing agency says the seasonally...

Groupe Dynamite reports fourth-quarter profit and sales up from year ago

Groupe Dynamite reports fourth-quarter profit and sales up from year ago

Apr 15, 2025 / 6:33 am

Clothing retailer Groupe Dynamite Inc. reported a fourth-quarter profit of $31.0 million, up from $28.6 million a year earlier as its revenue rose 13 per cent....

Japan's anti-monopoly watchdog accuses Google of violations in smartphones

Japan's anti-monopoly watchdog accuses Google of violations in smartphones

Japan Apr 15, 2025 / 6:31 am

Japanese regulators on Tuesday accused U.S. tech giant Google of violating anti-monopoly laws, echoing similar moves in the U.S. and Europe. Google Japan said...

Clothing companies fear Trump tariffs will leave them worse for wear

Clothing companies fear Trump tariffs will leave them worse for wear

Canada Apr 15, 2025 / 6:11 am

When Nina Kharey wakes every morning, the first thing she does is search online for U.S. President Donald Trump in hopes that the global trade war he sparked is...

The great Easter basket question  -  to Peep or not Peep

The great Easter basket question - to Peep or not Peep

United States Apr 15, 2025 / 6:02 am

Love them or hate them, those marshmallow Peeps that come in blindingly bright colors and an array of flavors are inescapable around the Easter holiday....

Nvidia plans to manufacture AI chips in the US for the first time

Nvidia plans to manufacture AI chips in the US for the first time

Apr 14, 2025 / 10:59 am

Nvidia announced Monday that it will produce its artificial intelligence super computers in the United States for the first time. The tech giant said it has...

Meta faces historic antitrust trial that could force it to break off Instagram, WhatsApp

Meta faces historic antitrust trial that could force it to break off Instagram, WhatsApp

Apr 14, 2025 / 10:38 am

A historic antitrust trial began Monday for Meta Platforms Inc. in a case that could force the tech giant to break off Instagram and WhatsApp, startups it...

Blue Origin launches an all-female celebrity crew with Katy Perry, Gayle King and Lauren Sanchez

Blue Origin launches an all-female celebrity crew with Katy Perry, Gayle King and Lauren Sanchez

United States Apr 14, 2025 / 7:41 am

Jeff Bezos’ Blue Origin launched his fiancee Lauren Sanchez into space Monday with an all-female celebrity crew that included Katy Perry and Gayle King....

Meta says it will resume AI training with public content from European users

Meta says it will resume AI training with public content from European users

United States Apr 14, 2025 / 7:40 am

Social media company Meta said Monday that it will start using publicly available content from European users to train its artificial intelligence models,...

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