National Business

TORONTO — TikTok has been in the spotlight this week after the federal government announced it was banning the social media app from its devices days after Canadian privacy commissioners began investigating the company.

TORONTO — BMO Financial Group said Tuesday it is focused on integrating its US$16.3 billion Bank of the West acquisition that dominated fourth-quarter results and will reshape its balance sheet in the quarters ahead.

WASHINGTON (AP) — President Joe Biden is nominating Julie Su, the current deputy and former California official, as his next labor secretary, replacing the departing incumbent, former Boston Mayor Marty Walsh.

NEW YORK (AP) — A former FTX executive pleaded guilty Tuesday to conspiracy and wire fraud charges as part of a deal to cooperate with federal prosecutors building their case against FTX founder Sam Bankman-Fried in what authorities have dubbed one o

Canada's provinces are poised for limited economic activity and sluggish growth for the rest of the year and into 2024, but the risk of a drawn-out recession is increasingly unlikely, according to a report released Tuesday.

OTTAWA — The Canadian economy was treading water at the end of 2022, the latest GDP report shows, but beneath the disappointing data is resilient consumer spending keeping the economy afloat.

Quebec has banned the installation and use of the social media application TikTok on government cellphones as of Tuesday.

TORONTO — Scotiabank's new chief executive says the bank is rethinking its strategy as it reported a drop in profits last quarter because of high funding costs and expense growth. Scott Thomson, who took on the top job Feb.

NEW YORK (AP) — Target plans to invest as much as $5 billion this year expanding services for customers, including a drive up service for returns, renovations at 175 stores and improvements in online shopping.

WASHINGTON (AP) — Conservative justices holding the Supreme Court's majority pressed skeptical questions Tuesday about President Joe Biden's plan to wipe away or reduce student loans held by millions of Americans.