Skip to content

National Business

Ontario judge upholds Red Lobster's U.S. bankruptcy case in Canada

Ontario judge upholds Red Lobster's U.S. bankruptcy case in Canada

TORONTO — An Ontario judge issued an order Tuesday that recognizes and enforces Red Lobster’s U.S. bankruptcy protection proceedings in Canada.
Scotiabank profits slip as auto loans and variable mortgages weigh

Scotiabank profits slip as auto loans and variable mortgages weigh

TORONTO — Rising strain in auto loans and mortgages led Scotiabank to set aside more money in the second quarter, leading to a drop in profits and analyst concern about its growth prospects. The bank said Tuesday its net income fell to $2.
Could a Senate bill cause age verification laws to apply to Netflix? Experts say yes

Could a Senate bill cause age verification laws to apply to Netflix? Experts say yes

OTTAWA — Canada's privacy czar and a government official warn that a Senate bill proposing to block minors from "sexually explicit material" online could apply to streaming services such as Netflix.
Liberal MP calls out PBO for error in carbon price analysis, asks for correction

Liberal MP calls out PBO for error in carbon price analysis, asks for correction

OTTAWA — The parliamentary secretary for Finance Minister Chrystia Freeland is criticizing the parliamentary budget officer for not issuing a more-public correction to its carbon price analysis after finding an error in it.
OpenAI forms safety committee as it starts training latest artificial intelligence model

OpenAI forms safety committee as it starts training latest artificial intelligence model

OpenAI says it's setting up a safety and security committee and has begun training a new AI model to supplant the GPT-4 system that underpins its ChatGPT chatbot.
Gildan Activewear shareholders elect Chamandy, board put forward by activist investor

Gildan Activewear shareholders elect Chamandy, board put forward by activist investor

MONTREAL — Gildan Activewear Inc. shareholders have elected the company’s newly returned CEO to its board alongside a slate of candidates put forward by activist investors, capping a months-long battle over leadership of the company.
US consumer confidence rises in May after three months of declines

US consumer confidence rises in May after three months of declines

WASHINGTON (AP) — Consumer confidence in the U.S. rose in May after three straight months of declines, though Americans are still anxious about inflation and interest rates.
1 in 8 pregnant people have disabilities but face lack of accessible care: report

1 in 8 pregnant people have disabilities but face lack of accessible care: report

One in eight pregnant people in Ontario has a disability, but many face barriers to accessible care and disrespect from health-care providers, a new report published Tuesday says.
S&P/TSX composite down in late-morning trading, U.S. stock markets mixed

S&P/TSX composite down in late-morning trading, U.S. stock markets mixed

TORONTO — Losses in industrial, utility and financial stocks weighed on the Toronto stock market as Canada's main stock index fell in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was down 85.
Private equity firm buys hockey rink board maker Athletica Sport Systems

Private equity firm buys hockey rink board maker Athletica Sport Systems

TORONTO — Private equity firm Reichmann Segal Capital Partners says it has acquired Athletica Sport Systems Inc., a maker of boards and other equipment used for hockey rinks. Terms of the transaction were not disclosed.