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National Business
Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Household debt Statistics Canada will release on Monday its national balance sheet and financial flow accounts for the fourth quarter of 2022.
Mar 12, 2023 9:00 AM
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Yellen says no federal bailout for Silicon Valley Bank
WILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank , but is working to help depositors who are concerned about their money .
Mar 12, 2023 8:20 AM
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Oil giant Saudi Aramco makes a historic $161B profit in 2022
DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists.
Mar 12, 2023 7:53 AM
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'Welcome to Lviv': Ukrainian city ready for 'brave' Canadian tourists
LVIV, Ukraine — Two women sit at a table near the front door of a small, nondescript bar in western Ukraine. Speak the password, and they will escort you to a closet, inside which is a staircase that leads down to a stone cellar.
Mar 12, 2023 6:00 AM
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Flair Airlines says four of its aircraft seized in a 'commercial dispute'
Passengers travelling with Flair Airlines were "impacted" on Saturday after four of its leased aircraft were seized in Toronto, Edmonton and Waterloo, Ont., in what the company described as a "commercial dispute.
Mar 11, 2023 6:46 PM
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Indigo union demands more details on cyberattack, support for affected workers
TORONTO — A union representing 200 employees of Indigo Books & Music Inc. is calling on the retailer to disclose more information about the scope of its recent data breach and offer additional support to staff affected by the cyberattack.
Mar 11, 2023 1:02 PM
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Meta to block access to news on Facebook, Instagram if Online News Act adopted as-is
OTTAWA — Canadians would no longer be able to access news on Facebook or Instagram if the federal government's proposed Online News Act passes in its current form, the parent company behind the two popular social media platforms said.
Mar 11, 2023 11:16 AM
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China names Li Qiang premier nominally in charge of economy
BEIJING (AP) — China on Saturday named Li Qiang , a close confidant of top leader Xi Jinping , as the country’s next premier nominally in charge of the world’s second-largest economy now facing some of its worst prospects in years.
Mar 10, 2023 9:40 PM
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Ottawa greenlights WestJet's takeover of Sunwing
MONTREAL — The federal government gave the thumbs-up Friday to WestJet Airlines' takeover of Sunwing Airlines and Sunwing Vacations in a major consolidation of the Canadian aviation market following a tumultuous year for travel.
Mar 10, 2023 7:04 PM
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Airports gear up for passenger surge as spring break tests their capacity
MONTREAL — Airports and airlines prepared for a surge in passengers this week ahead of spring break after a year where the industry has struggled to cope with peak travel times.
Mar 10, 2023 4:37 PM
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