Skip to content

National Business

Quarter of Ont. mutual fund dealers say customers sold unneeded products: survey

Quarter of Ont. mutual fund dealers say customers sold unneeded products: survey

TORONTO — A regulator-led survey of Ontario mutual fund dealers based out of big banks finds a sizable minority are not always acting in the interests of clients.
EQB names Open Text chief financial officer Chadwick Westlake as next CEO

EQB names Open Text chief financial officer Chadwick Westlake as next CEO

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.
Mortgage renewals will strain Canadians, but most will manage: TD report

Mortgage renewals will strain Canadians, but most will manage: TD report

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.
Quebec government reassigns head of auto insurance board amid scandal

Quebec government reassigns head of auto insurance board amid scandal

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.
Impala plans to close Ontario palladium mine due to low prices

Impala plans to close Ontario palladium mine due to low prices

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.
X CEO Linda Yaccarino resigns after two years at the helm of Elon Musk's social media platform

X CEO Linda Yaccarino resigns after two years at the helm of Elon Musk's social media platform

NEW YORK (AP) — X CEO Linda Yaccarino said she’s stepping down after two years running Elon Musk’s social media platform.
Ship attacked by Yemen's Houthi rebels sinks in the Red Sea with only 6 of 25 aboard found

Ship attacked by Yemen's Houthi rebels sinks in the Red Sea with only 6 of 25 aboard found

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.
Chipmaker Nvidia becomes most valuable company in the world at $4 trillion

Chipmaker Nvidia becomes most valuable company in the world at $4 trillion

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.
Demand from 'buy Canadian' movement pushes Purdys to move into grocer Save-On-Foods

Demand from 'buy Canadian' movement pushes Purdys to move into grocer Save-On-Foods

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.
Musk's AI company scrubs inappropriate posts after Grok chatbot makes antisemitic comments

Musk's AI company scrubs inappropriate posts after Grok chatbot makes antisemitic comments

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.