Business

Tim Cook will step down as Apple CEO and hand reins over to the iPhone maker's hardware leader

Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a 15-year reign that saw the company’s market value soar by more than $3.6 trillion during an iPhone-fueled...

20m ago

WestJet cuts flight capacity due to jet fuel costs, following Air Canada's lead

CALGARY — WestJet says it is cutting flight capacity as the war in Iran causes the price of jet fuel to soar. The Calgary-based airline said it has reduced capacity by about one per cent in April, three...

1h ago

BlackBerry stock up 13 per cent on expanded partnership with Nvidia

BlackBerry Ltd.'s share price popped by 13 per cent as the firm deepened its ties to tech giant Nvidia. The Waterloo, Ont.-based software developer's share price closed the trading day at $7.50. The rise...

2h ago

Bank of Canada appoints two deputy governors, dropping 'external' title for one

OTTAWA — The Bank of Canada is filling two vacancies on its governing council with a pair of economists who are already well known at the central bank. In May, the Bank of Canada's managing director...

4h ago

MPs question delay in Taiwan trade framework as diplomat says ball in cabinet's court

OTTAWA — Conservative and Bloc Québécois MPs are calling on the Liberals to follow through on a trade co-operation framework with Taiwan after the territory's envoy to Canada said Ottawa halted the...

6h ago

Airfares climb for first time in nearly two years amid soaring fuel costs: StatCan

MONTREAL — The war in Iran has triggered a reversal in the nearly two-year trend of annual decreases in airfares, with energy shocks from the conflict prompting a year-over-year rise in Canadian ticket...

2h ago

Business sentiment was improving, but Middle East war pushing up costs

OTTAWA — Businesses are beginning to face higher costs related to the war in the Middle East, the Bank of Canada found in its latest quarterly survey of companies. Based on the business outlook survey...

6h ago

FBI Director Kash Patel sues The Atlantic for article that alleged excessive drinking

FBI Director Kash Patel hit The Atlantic magazine with a $250 million defamation lawsuit on Monday, claiming an article that talked about mismanagement at the agency and his alleged excessive drinking...

3h ago

'The people don't want it,' Ford says about decision to sell jet days after purchase

TORONTO — Taxpayers flooded Ontario Premier Doug Ford's cellphone over the weekend with complaints about the province's purchase of a $29-million jet to fly him around the province, he said Monday. By...

4h ago

S&P/TSX composite swings to slight gains as U.S. markets see modest losses

TORONTO — Canada’s main stock index saw slight gains Monday, while U.S. markets edged lower following the latest rise in tensions between the United States and Iran. The S&P 500 slipped 0.2...

2h ago