The Biden administration plans to ease sanctions on Venezuelan oil in a bid to bring more of the country’s crude to Europe.

Peloton Interactive Inc. got a vote of confidence from investors, who piled into a US$750 million loan sale for the struggling home fitness company in a bet that it will deliver on a turnaround -- or that they will be paid out in the event of a sale.

Gasoline prices are showing no signs of letting up as the average price in Canada tops $2 a litre for the first time, upping the appeal of getaway spots closer to home.

U.S. stocks gained as investors weighed comments weighed remarks from Federal Reserve Chair Jerome Powell on the outlook for interest rates. Short-term Treasuries underperformed, flattening the yield curve.

Netflix Inc. said Tuesday it’s laying off about 150 employees, fallout from the surprising drop in customers the streaming company reported last month.

Elon Musk declared he won’t proceed with his US$44B takeover of Twitter unless the social media giant can prove bots make up fewer than 5% of its users.

Canadian residential landlord Canadian Apartment Properties Real Estate Investment Trust said its first quarter results benefited from rising demand across the country’s rental housing market.

Twitter is losing three more senior employees, including two vice presidents, a reflection of the uncertainty inside the social media company as staffers wait for Elon Musk’s US$44 billion acquisition to close.

Telus Corp. says it will invest $17.5 billion in British Columbia and $17 billion in Alberta and create thousands of new jobs in these provinces over the next four years as it looks to expand its wireless networks.

Investments in Canadian startups reached $4.5 billion in the first quarter, the second-highest level on record.

Global markets are rallying this morning on no obvious single specific catalyst, and the newest global fund manager survey from Bank of America offers plenty of reasons to be cautious.

The bizarre case of a restaurant so popular it needs to close early underscores a pervasive issue facing restaurants in Canada: A labour crunch.

Canadian manufacturing sales and wholesale trade figures climbed higher in March, but the gains came due to higher prices.

Elon Musk stoked speculation that he could seek to renegotiate his takeover of Twitter Inc., saying a viable deal at a lower price wouldn’t be “out of the question.”

China’s economy is paying the price for the nation’s COVID Zero policy, with industrial output and consumer spending sliding to the worst levels since the pandemic began and analysts warning of no quick recovery.

McDonald’s said it will pull out of Russia after more than 30 years of operation in the country, stepping up the corporate response to the invasion of Ukraine.