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Canadian and U.S. stock markets inch higher despite gains in oil prices

Canadian and U.S. stock markets rose on Monday despite gains in oil prices and the war in Iran threatening to drag on.

Oil prices rise as the Iran war drags on, but U.S. stocks inch to more records

Oil prices rose Monday as the war with Iran  threatens to drag on for longer, but the U.S. stock market nevertheless inched toward more records.

The deadline to apply for an auto parts class action is close. Does your car qualify?

Consumers in Canada have until Tuesday to file a claim for a class action on alleged price-fixing for certain automotive parts.

TD report says food inflation risks from war-induced fertilizer disruptions modest

As shipping constraints in the Middle East disrupt global fertilizer supply and drive up prices, a new TD report says Canada is better positioned to face any inflationary pressures on its food production — at least in the short run.

Elon Musk, Apple’s Cook and Boeing CEO going to China with Trump, official says

Elon Musk, Apple’s Tim Cook, GE Aerospace’s Larry Culp and Boeing’s Kelly Ortberg will join U.S. President Donald Trump on his visit to China this week, a White House official told Reuters.

U.S. businesses are facing rising costs during the Iran war, and economists expect more strains ahead

Costs are piling up for businesses during the U.S. and Israel’s war against Iran — and many economists see a bleak outlook, with some bracing for a downturn in hiring and investment in the coming months.

Treasury Department tells U.S. banks to flag suspected Iranian money-laundering networks

The Treasury Department wants U.S. banks and other financial institutions to monitor for suspected Iranian money laundering networks that use their funds to smuggle sanctioned oil through shell companies and crypto networks.

Trans Mountain and its federal parent see case for Ottawa owning pipeline for good

The leaders of Trans Mountain Corp. and the federal agency that oversees the Crown corporation say it’s possible Ottawa will own the Alberta-to-B.C. pipeline indefinitely.

Canadian movie theatre chain reports $22.4M Q1 loss

Cineplex Inc. reported a loss of $22.4 million in its first quarter compared with a loss of $36.6 million as year earlier as its revenue rose 16 per cent.

Telus and feds announce AI data cluster in B.C. to boost 'sovereign' computing power

The federal government and Telus have announced plans for a large-scale AI data centre project in British Columbia they say will boost Canada’s sovereign computing and artificial-intelligence infrastructure.

MPs, senators set to cut back U.S. exchange travel, despite pressure on trade file

Members of Parliament and senators are set to drastically reduce interparliamentary exchanges with the U.S. Senate and Congress, despite multi-party efforts to save a crucial trade deal with Washington.

Multibillion-dollar renovation project underway at Pearson airport. This is what’s being upgraded.

A multibillion-dollar facelift that will take a decade to complete and eventually allow Toronto Pearson International Airport to serve roughly 30,000 more passengers daily takes off today.

Montreal flight simulator company looks for alternatives for aviation software

Flight simulator maker CAE Inc. says it’s seeking strategic alternatives for Flightscape, its aviation software business.

Barrick reports US$1.6B first-quarter profit, up from US$474M a year earlier

Barrick Mining Corp. reported its first-quarter profit more than tripled compared with a year ago, helped by soaring gold prices.

Constellation Energy tops profit estimates on strong power demand, Calpine boost

U.S. power company Constellation Energy beat Wall Street estimates for first-quarter adjusted profit on Monday, helped by rising power demand and contributions from its recently acquired Calpine assets.