National Business

CALGARY — The new top boss at Suncor Energy Inc. says he will be sharply focused on cost-cutting as he embarks on the task of improving performance at the oilsands giant.

NEW YORK (AP) — Wall Street edged lower following some mixed earnings reports, as stocks remain roughly where they’ve been stuck for more than a month. The S&P 500 fell 0.5% Tuesday, and the Dow Jones Industrial Average lost 56 points, or 0.2%.

HALIFAX — Chorus Aviation Inc. says profits last quarter rose 40 per cent year over year, allowing it to pay down part of its hefty debt as the travel industry begins to regain its purchase.

Souring relations between Ottawa and Beijing could affect Canadian companies in China, potentially tarnishing the appeal of Canadian brands for some Chinese consumers, experts said on Tuesday.

ALBUQUERQUE, N.M. (AP) — U.S. nuclear regulators have licensed a multibillion-dollar complex to temporarily store tons of spent fuel in New Mexico from commercial nuclear power plants around the nation.

CALGARY — TC Energy Corp. says it has proactively halted construction on a 20-km stretch of its Coastal GasLink project over concerns about erosion and sediment control.

A wave of layoffs in 2022, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.

OTTAWA — Prime Minister Justin Trudeau says Facebook's resistance to paying publishers for articles posted on the platform is "deeply irresponsible" and "out of touch.

TORONTO — When Facebook chief executive Mark Zuckerberg changed his company's name to Meta less than two years ago, he placed a multi-billion-dollar bet on a virtual but interactive realm where he believed people would work and play for generations t

TORONTO — A mining analyst says an apparent effort by industry veteran Pierre Lassonde to buy Teck Resources' coal business could disrupt Glencore's push to take over the Canadian firm.