National Business

TORONTO — TD Bank Group said Monday it will pay US$1.2 billion to settle a lawsuit related to one of the largest Ponzi schemes ever orchestrated.

BUCHAREST, Romania (AP) — A Romanian court on Monday upheld a third 30-day detention for the divisive influencer and former professional kickboxer Andrew Tate, who is held on suspicion of organized crime and human trafficking, an official said.

TORONTO — OMERS says it earned an investment return of 4.2 per cent for 2022 as gains in its private investments lifted its results even as global stock and bond markets tumbled lower. The return for 2022 followed a gain of 15.7 per cent in 2021.

HAMILTON — A Black entrepreneur from Hamilton, Ont., has won the nationwide Black Pitch Contest.

CALGARY — An electricity retailer in Alberta is betting it can entice more homeowners to make the switch to solar panels by launching what it calls Canada's first retail, 100 per cent green energy-based "virtual power plant.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Bank earnings The parade of first-quarter results from Canada's big banks picks up this week with BMO Financial Group and Scotiabank reporting on Tuesday.

DUBAI, United Arab Emirates (AP) — Iran’s currency fell to a new record low on Sunday, plunging to 600,000 to the dollar for the first time as the effects of nationwide anti-government protests and the breakdown of the 2015 nuclear deal continued to

BENGALURU, India (AP) — A meeting of finance chiefs of the Group of 20 leading economies ended on Saturday without a consensus, with Russia and China objecting to the description of the war in Ukraine in a final document.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,219.19, up 31): Suncor Energy Inc. (TSX:SU). Energy. Up 98 cents, or 2.17 per cent, to $46.22 on 10 million shares.

Canada's main stock index held firm Friday, buoyed by sturdy energy and financial sectors despite an initial dip prompted by a jitter-inducing inflation report out of the U.S. Meanwhile, U.S. markets fell Friday.