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Business News

Asian shares slip as worries about U.S. debt send Wall St tumbling

Asian shares slip as worries about U.S. debt send Wall St tumbling

May 21, 2025 / 8:10 pm

Asian shares fell Thursday after Wall Street slumped under pressure from the Treasury bond market and worries about surging U.S. debt. U.S. futures were little...

Why are more shoppers struggling to repay 'buy now, pay later' loans?

Why are more shoppers struggling to repay 'buy now, pay later' loans?

May 21, 2025 / 6:40 pm

More Klarna customers are having trouble repaying their “buy now, pay later" loans, the short-term lender said this week. The disclosure corresponded...

Canadian automotive executives call for greater ambition amid Trump threats

Canadian automotive executives call for greater ambition amid Trump threats

Canada May 21, 2025 / 6:39 pm

Canadian auto industry leaders say the country has to use the Trump-induced industrial crisis as an incentive to build bigger at home. Flavio Volpe, head of the...

OpenAI recruits legendary iPhone designer Jony Ive to work on AI hardware in $6.5B deal

OpenAI recruits legendary iPhone designer Jony Ive to work on AI hardware in $6.5B deal

May 21, 2025 / 12:23 pm

OpenAI has recruited Jony Ive, the designer behind Apple's iPhone, to lead a new hardware project for the artificial intelligence company that makes...

Canada Goose shares soar as company sees 'minimal' impact from tariffs

Canada Goose shares soar as company sees 'minimal' impact from tariffs

Canada May 21, 2025 / 8:24 am

Canada Goose Holdings Inc. executives say tariffs are having little impact on the business, but the uncertainty they pose is great enough that the company is...

Potential US semiconductor manufacturing boom complicated by Trump's economic policies

Potential US semiconductor manufacturing boom complicated by Trump's economic policies

United States May 21, 2025 / 7:40 am

Before “America First” became the Trump administration’s mandate for foreign policy and trade, one sector was already working to bring...

US stocks open lower following uncertain outlooks from retailers and higher Treasury yields

US stocks open lower following uncertain outlooks from retailers and higher Treasury yields

United States May 21, 2025 / 7:06 am

U.S. stocks are falling after some of the country’s biggest retailers gave mixed forecasts for where they see their profits heading under the uncertainty...

Bell outage leaves some Ontario, Quebec customers without internet service

Bell outage leaves some Ontario, Quebec customers without internet service

Ontario, Quebec May 21, 2025 / 7:01 am

A widespread internet outage has left some Bell customers without service on Wednesday morning. Bell Canada confirmed on social media shortly before 10 a.m....

Shopify doubles down on AI with tools to create online stores, shopping assistants

Shopify doubles down on AI with tools to create online stores, shopping assistants

Canada May 21, 2025 / 7:00 am

Shopify Inc.'s latest round of product developments are leaning on artificial intelligence to help merchants and developers create everything from online...

G7 finance ministers to discuss global economy, Ukraine at Banff summit

G7 finance ministers to discuss global economy, Ukraine at Banff summit

Canada May 21, 2025 / 6:48 am

Top economic officials from the G7 are gathering for a full day of closed-door discussions in Banff, Alta., to examine pressing topics including the global...

CPP Investments earned 9.3 per cent net return in latest fiscal year

CPP Investments earned 9.3 per cent net return in latest fiscal year

Canada May 21, 2025 / 6:46 am

The Canada Pension Plan Investment Board says it earned a net return of 9.3 per cent for its latest fiscal year. The board says the fund totalled $714.4 billion...

Target sales drop in 1st quarter and retailer warns they will slip for all of 2025

Target sales drop in 1st quarter and retailer warns they will slip for all of 2025

United States May 21, 2025 / 6:32 am

Sales at Target fell more than expected in the first quarter, and the retailer warned they will slip for all of 2025 year as its customers, worried over the...

The navigator is blind and the driver's in pain, but they're racing though France, busting barriers

The navigator is blind and the driver's in pain, but they're racing though France, busting barriers

May 21, 2025 / 1:50 am

The driver's joints are so painful from rheumatoid arthritis that she can't manage a stick shift. And the co-pilot who is helping to guide her through...

B.C. regulator temporarily restricts Vancouver crypto firm from securities activity

B.C. regulator temporarily restricts Vancouver crypto firm from securities activity

May 20, 2025 / 2:48 pm

The BC Securities Commission says a Vancouver cryptocurrency firm has been temporarily banned from trading securities and other market activities. The...

One worker dead, two injured after collapse at construction site north of Montreal

One worker dead, two injured after collapse at construction site north of Montreal

Montreal May 20, 2025 / 12:47 pm

The underground walls of a construction site north of Montreal collapsed on Tuesday morning, killing one worker and injuring two others. Police in Blainville,...

Google unleashes ‘A.I. Mode’ in the next phase of its journey to change search

Google unleashes ‘A.I. Mode’ in the next phase of its journey to change search

May 20, 2025 / 11:20 am

Google on Tuesday unleashed another wave of artificial intelligence technology to accelerate a year-long makeover of its search engine that is changing the way...

Elon Musk says he's committed to still be Tesla's CEO in 5 years' time

Elon Musk says he's committed to still be Tesla's CEO in 5 years' time

May 20, 2025 / 10:40 am

Billionaire Elon Musk said Tuesday he’s committed to being CEO of Tesla in five years’ time as the automaker faced intense consumer and stock-price...

Grocery price increases outpace overall inflation for third straight month: StatCan

Grocery price increases outpace overall inflation for third straight month: StatCan

May 20, 2025 / 8:11 am

Despite the annual pace of inflation cooling last month, Statistics Canada says consumers continue to pay higher costs for groceries. The agency reports prices...

Wall Street edges lower as some steam comes out of its recent rally

Wall Street edges lower as some steam comes out of its recent rally

United States May 20, 2025 / 7:46 am

U.S. stock indexes are drifting lower as momentum slows for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set...

New EU and UK sanctions target Russia's shadow fleet of tankers illicitly transporting oil

New EU and UK sanctions target Russia's shadow fleet of tankers illicitly transporting oil

Russia May 20, 2025 / 6:57 am

The European Union on Tuesday agreed to impose fresh sanctions on Russia, notably targeting almost 200 ships from the shadow fleet illicitly transporting oil to...

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