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National Business
National Business
Wall Street loses ground, breaking a 9-day winning streak, and crude oil prices tumble
NEW YORK (AP) — Stocks closed lower on Wall Street, breaking a nine-day winning streak. Crude prices fell to a four-year low Monday after the OPEC+ group of oil-producing nations said it plans to increase output. The S&P 500 slid 0.6%.
May 5, 2025 1:06 PM
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Saskatchewan reports $31K in public money losses at Crown corporations
REGINA — Saskatchewan's government is reporting roughly $31,000 in public money losses after officials allege three employees used corporate credit cards and tampered with invoices for personal gain.
May 5, 2025 12:41 PM
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OpenAI reverses course and says its nonprofit will continue to control its business
After months spent pursuing a plan to convert itself into a for-profit business, OpenAI is reversing course and said Monday its nonprofit will continue to control the company that makes ChatGPT and other artificial intelligence products.
May 5, 2025 12:31 PM
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Thousands of machinists union members go on strike at jet engine maker Pratt & Whitney
EAST HARTFORD, Conn. (AP) — About 3,000 labor union members went on strike early Monday at jet engine maker Pratt & Whitney in Connecticut, as negotiations over wages, retirement benefits and job security broke down.
May 5, 2025 12:30 PM
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Doug Ford asks Mark Carney to prioritize 'nation-building' Highway 401 tunnel
TORONTO — Ontario Premier Doug Ford is seeking Prime Minister Mark Carney's support for his idea to build a tunnel under Highway 401.
May 5, 2025 11:44 AM
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Lion Electric likely to be liquidated, court-appointed monitor says
SAINT-JÉRÔME — Lion Electric will very likely be liquidated following the Quebec government's refusal to invest more public funds in the company, says the court-appointed monitor for the electric-vehicle maker.
May 5, 2025 10:53 AM
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Ontario to include expanded manufacturing tax credit in upcoming budget
TORONTO — Ontario Finance Minister Peter Bethlenfalvy has offered a first glimpse at his upcoming budget, announcing an expanded Ontario manufacturing tax credit.
May 5, 2025 10:25 AM
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Hudson's Bay Company records give public chance to 'reconnect' with ancestors
WINNIPEG — Dyana Lavallee stares at a copy of a photograph on display to the public at the Hudson's Bay Company Archives in Winnipeg. The Metis woman quickly recognizes it as the same one her grandmother had years ago.
May 5, 2025 8:27 AM
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Federal Reserve likely to defy Trump, keep rates unchanged this week
WASHINGTON (AP) — The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs.
May 5, 2025 8:19 AM
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Fairfax Financial signs letter of intent to buy Keg Royalties Income Fund
VANCOUVER — The Keg Royalties Income Fund has signed a letter of intent to be acquired by Fairfax Financial Holdings Ltd., its largest unitholder. The proposal for $18.60 per unit in cash values the steak house fund at about $211 million.
May 5, 2025 7:14 AM
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