National Business

TORONTO — EQB Inc. has named its former chief financial officer Chadwick Westlake as its next CEO, succeeding Andrew Moor who died unexpectedly last month. Westlake, who will assume the role effective Aug.

TORONTO — A report by TD Bank suggests mortgage renewals are expected to strain Canadian households, but most borrowers will manage albeit with less financial flexibility.

QUÉBEC — The Quebec government has reassigned the president and CEO of the province's auto insurance board. Éric Ducharme's dismissal from the top job was confirmed by a government source who was not authorized to speak publicly.

THUNDER BAY — Impala Platinum Holding Ltd. plans to end production at its Lac des Iles mine in northwestern Ontario at the end of May next year due to low palladium prices.

NEW YORK (AP) — X CEO Linda Yaccarino said she’s stepping down after two years running Elon Musk’s social media platform.

DUBAI, United Arab Emirates (AP) — A Liberian-flagged cargo ship attacked by Yemen's Houthi rebels sank Wednesday in the Red Sea, with a European naval force in the Mideast saying only six of the 25 on board had been found so far.

NEW YORK (AP) — Chipmaker Nvidia became the first public company to top $4 trillion in value Wednesday after a two-year investor frenzy driven by the artificial intelligence boom. Nvidia shares rose 2.

Purdys Chocolatier says the buy Canadian movement has generated so much demand for its products that it decided to sell them outside its own stores for the first time in its 118-year history.

Elon Musk's artificial intelligence company said Wednesday that it's taking down “inappropriate posts" made by its Grok chatbot , which appeared to include antisemitic comments that praised Adolf Hitler.

MONTREAL — Air Canada is adding flights to Latin America as it looks to diversify its global network this winter. The move comes as Canadians shun travel to the U.S.