National Business

WASHINGTON (AP) — The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite job cuts that have begun to spread across industries most affected by soaring interest rates, such as housin

TORONTO — Research shows Ontario's artificial intelligence industry saw tremendous growth before this year's broader tech downturn materialized, but the sector is unlikely to remain unscathed.

KINGSEY FALLS, Que. — Cascades Inc. reported a loss in its latest quarter compared with a profit a year ago as its sales rose.

TORONTO — Unions representing airport security screeners say turnover for new employees is high despite efforts to hire more workers, with as few as one in three recent hires still on the job in some regions.

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.

Elon Musk sought to reassure big companies that advertise on Twitter on Wednesday that his chaotic takeover of the social media platform won’t harm their brands, acknowledging that some “dumb things” might happen on his way to creating what he says w

NEW YORK (AP) — Cryptocurrency prices plunged for a second-straight day after crypto exchange Binance said it was pulling out of a deal to purchase failing rival FTX Trading.

TORONTO — Manulife Financial Corp. says its earnings slipped in the third quarter as market losses and hurricane costs weighed. The insurance company says it had a net income of $1.35 billion for the quarter ending Sept. 30, down from $1.

MONTREAL — WSP Global Inc. reported revenues of $2.9 billion in the third quarter ended Oct. 1, up 9.3 per cent from last year. The Montreal-based engineering firm says net earnings attributable to shareholders were $127.5 million, or $1.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,344.25, down 316.06 points): Enbridge Inc. (TSX:ENB). Energy. Down 76 cents, or 1.41 per cent, to $53.15 on 18 million shares.