National Business

VANCOUVER — The Vancouver Art Gallery says it is not going ahead with a planned design for its new home after construction costs soared by $200 million.

OpenAI CEO Sam Altman, who is in a legal dispute with rival Elon Musk, said he is “not that worried” about Musk's influence in the incoming Trump administration.

MONTREAL — National Bank reported a rise in its fourth-quarter profit and raised its dividend as it looks to a transformational year ahead with the likely closing of its acquisition of Canadian Western Bank.

OTTAWA — Canada will beef up its border security in time for the inauguration of president-elect Donald Trump, Public Safety Minister Dominic LeBlanc said Tuesday as he appeared at a House of Commons committee.

WASHINGTON (AP) — President-elect Donald Trump announced Wednesday that he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission.

CALGARY — Eight First Nations in Alberta are asking that the $16.5-billion carbon capture and storage project proposed by a consortium of oilsands companies be reviewed under the federal Impact Assessment Act.

TORONTO — Toronto-born actor Chris Diamantopoulos says he always seeks projects that are shot and set in Canada but has often been put off by the way his country is portrayed on American TV.

WASHINGTON (AP) — President-elect Donald Trump announced Wednesday that he intend to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission.

DETROIT (AP) — The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year.

TORONTO — RBC shrugged off the effects of a softening Canadian economy to report a profit of $4.22 billion in the fourth quarter and $16.2 billion for the year.