National Business

TORONTO — Research shows Ontario's artificial intelligence industry saw tremendous growth before this year's broader tech downturn materialized, but the sector is unlikely to remain unscathed.

KINGSEY FALLS, Que. — Cascades Inc. reported a loss in its latest quarter compared with a profit a year ago as its sales rose.

TORONTO — Unions representing airport security screeners say turnover for new employees is high despite efforts to hire more workers, with as few as one in three recent hires still on the job in some regions.

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.

Elon Musk sought to reassure big companies that advertise on Twitter on Wednesday that his chaotic takeover of the social media platform won’t harm their brands, acknowledging that some “dumb things” might happen on his way to creating what he says w

NEW YORK (AP) — Cryptocurrency prices plunged for a second-straight day after crypto exchange Binance said it was pulling out of a deal to purchase failing rival FTX Trading.

OTTAWA — New analysis from the parliamentary budget officer suggests the federal government would pocket $4.4 billion in additional revenue if it extended the Canada Revenue Dividend to the oil and gas sector as well as big-box stores.

TORONTO — Manulife Financial Corp. says its earnings slipped in the third quarter as market losses and hurricane costs weighed. The insurance company says it had a net income of $1.35 billion for the quarter ending Sept. 30, down from $1.

MONTREAL — WSP Global Inc. reported revenues of $2.9 billion in the third quarter ended Oct. 1, up 9.3 per cent from last year. The Montreal-based engineering firm says net earnings attributable to shareholders were $127.5 million, or $1.

WASHINGTON — Call it a November surprise. Democrats were basking in a midterm defeat that felt like a big win Wednesday after an electoral all-nighter that remained on track to buck the modern-day U.S.