National Business

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.

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.

For as long as he remembers, Aidan D’Souza says his mother has helped him ensure that he’s making smart money decisions. At roughly 10 years old, D’Souza said his mother advised him not to spend all his money on candy and frivolous gadgets.

TORONTO — George Weston Ltd. raised its dividend as it reported its first-quarter profit and revenue rose compared with a year ago. The company, which holds large stakes in Loblaw Companies Ltd.

DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco reported a first-quarter profit on Tuesday of $31.88 billion, down nearly 20% from the same period last year as energy prices have sunk over global recession concerns.

BEIJING (AP) — Chinese exports grew 8.5% in April, showing more unexpected strength despite weakening global demand, customs data showed Tuesday. Exports grew to $295.

CALGARY — Suncor Energy Inc. says it earned $2.05 billion in the first quarter of 2023, down from $2.95 billion in the same quarter of 2022.

CALGARY — Oil and gas producers in Alberta are temporarily shutting in production as wildfires rage across the energy-producing province.

TORONTO — Sleep Country Canada Holdings Inc. says its earnings for the first quarter were $11.3 million, down 38.5 per cent from $18.4 million a year earlier. The Toronto-based company says revenues were $206.5 million, largely unchanged from $207.