DUBAI, United Arab Emirates - The Iranian navy boarded and briefly seized a Liberian-flagged oil tanker near the strategic Strait of Hormuz amid heightened tensions between Tehran and the U.S., the American military said Thursday.
WASHINGTON - The Justice Department said Thursday it has seized millions of dollars from cryptocurrency accounts that militant organization abroad, including al-Qaida and the Islamic State group, relied on to raise money for violent operations.
TORONTO - As the Canadian economy continues to adapt to the reality of the COVID-19 pandemic, some restaurants in Toronto are saying goodbye to a service industry staple: tipping.
OAKLAND, Calif. - Beginning Thursday, U.S. Facebook users who post about voting may start seeing an addendum to their messages -- labels directing readers to authoritative information about the upcoming presidential election.
TORONTO - McDonald's Canada says it will return to sourcing only Canadian beef in September after having to import beef temporarily due to COVID-19.
TORONTO - The Chinese company trying to buy TMAC Resources Ltd. has appointed a Barrick Gold Corp. veteran as CEO of its Canadian operations even though the deal is still being reviewed by Ottawa.
TORONTO - Canada's main stock index crept higher in late-morning trading as gold regained some of the lustre it lost earlier this week and shares in the big gold miners regained some of the ground they had lost.
Chorus Aviation Inc. saw profits fall and passenger numbers nosedive as the economic impact of COVID-19 took its toll on the airline last quarter.
TORONTO - Brookfield Asset Management Inc. reported a loss in its latest quarter as it revalued its real estate portfolio lower amid the pandemic.
OTTAWA - Canada's official fiscal watchdog says the federal wage subsidy program might cost $14 billion less than the government predicted.
TORONTO - Hundreds of thousands of Canadians have been negotiating with lenders over the past few months, hoping to hold off paying debt amid the COVID-19 pandemic.
NEW YORK - AMC Theatres, the nation's largest movie theatre chain, will reopen in the U.S. on Aug. 20 with retro ticket prices of 15 cents per movie.
ORLANDO, Fla. - Walt Disney World and the union for its actors and singers reached an agreement on Wednesday that will allow them to return to work, more than a month after they said they were locked out of the reopening of the theme park resort for publicly demanding coronavirus tests.
Five projects serving 51 communities in northern Canada have been awarded $72 million from the CRTC's Broadband Fund, a program that CRTC chairman Ian Scott says has become even more necessary due to the COVID-19 pandemic.
OAKVILLE, Ont. - Ford has issued two recalls affecting 63,367 vehicles in Canada, citing safety issues with the brakes and coil spring.
SILVER SPRING, Md. - The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday.
TORONTO - Negotiations with the Detroit Three automakers were launched Wednesday with Unifor national president Jerry Dias warning the union won't make any concessions, even if there is a "second wave" of coronavirus infection.
CALGARY - Natural gas producer Birchcliff Energy Ltd. is reporting a $39.5-million second-quarter loss compared with a loss of $9.5 million in the year-earlier period.
TORONTO - The Toronto Stock Exchange's main index surged to its highest level since early March on the strength of the energy sector, while the S&P 500 fell just shy of an all-time high.
Sumner Redstone, who joined his family's drive-in movie chain in the 1950s and used it to build a vast media empire that included CBS and Viacom, has died. He was 97.
TORONTO - Shoppers Drug Mart is opening medical clinics in Toronto where family physicians will be available to take on a roster of patients and accept appointments for walk-in services.
With a coronavirus vaccine still months off, companies are rushing to test what may be the next best thing: drugs that deliver antibodies to fight the virus right away, without having to train the immune system to make them.
MONTREAL, Ont. - CAE Inc. plans to lay off 350 employees before November, part of a restructuring program slated to cost $100 million following a loss of more than that in its latest quarter as revenue fell by a third.
Metro Inc. expects to continue to benefit from COVID-19 thanks to strong sales and decreasing coronavirus-related costs as the grocer recently ended its temporary wage bump for employees who worked through the early days of the pandemic.
CALGARY - Bonavista Energy Corp. says it has completed a recapitalization plan that will result in a nickel-per-share payout for its shareholders and its delisting from the Toronto Stock Exchange.
WASHINGTON - A top official at the Federal Reserve criticized the decision by many states to reopen businesses this spring before getting the virus fully under control, and said those choices have hindered an economic recovery in the U.S.
CALGARY - Shares in Total Energy Services Inc. are up after it reported a 68 per cent decline in revenue in the second quarter due to a near collapse in oilfield activity in North America but beat analyst estimates for adjusted income.
LONDON - Britain has suffered the deepest recession among the world’s top economies this year, shrinking by a fifth in the second quarter alone when much of the economy was mothballed as part of efforts to contain the coronavirus pandemic.
TORONTO - A former Starbucks Canada employee is suing the company for unpaid overtime for himself and other store managers.
OTTAWA - Prime Minister Justin Trudeau tried Tuesday to shut down speculation that he's about to fire his finance minister, saying he has full confidence in Bill Morneau and that any reports to the contrary are false.
TORONTO - The autoworkers' union is set to begin formal negotiations on Wednesday with Fiat Chrysler Automobiles, Ford Motor Company and General Motors, in what one observer calls "the fight of their life".
TORONTO - Canada's main stock index lost more than 100 points Tuesday as the price of gold retreated and dragged down the materials sector on the Toronto Stock Exchange.
Canola prices could continue to rise even after the futures contract soared to its highest level in nearly two years amid continued trade tensions with China and back-door access to the Asian importer, experts say.
Increased spending on bicycles and home renovations during to the pandemic has had a positive impact on Dorel Industries Inc., offsetting struggles at its juvenile business.
TORONTO - The not-for-profit company behind the free Firefox web browser and a growing number of internet privacy products is cutting about 250 people from its global workforce, including an undisclosed number in Canada.
MONTREAL - Air Canada is revamping its Aeroplan loyalty program in an effort boost membership amid a global travel industry devastated by the COVID-19 pandemic.
NEWMARKET, Ont. - AirBoss of America Corp. says it expects to build on its recent success from supplying tens of thousands of respirators and related products ordered by U.S. government agencies in response to COVID-19.
Alla Tanasyuk has found help juggling parenting duties and work responsibilities during the pandemic since stumbling upon virtual babysitting.
OTTAWA - The federal government has launched an updated calculator to help employers estimate what help they might receive from the next phase of the Canada Emergency Wage Subsidy.
CALGARY - A Calgary-based company is shutting down its oilfield in Peru after violent protests over the weekend that resulted in three protester deaths and a dozen injuries among police and protesters.
TOKYO - Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its shares in U.S. carrier T-Mobile.
LONDON - The U.K. has kept a lid on its unemployment rate so far during the coronavirus pandemic but, scratch beneath the surface, there are worrying trends that will likely see the jobless total soaring by the end of the year.
OTTAWA - Canada Mortgage and Housing Corp. says the annual pace of housing starts in July rose nearly 16 per cent compared with June.
TORONTO - Canada Goose Holdings Inc. reports its first-quarter loss nearly doubled to $50.1 million as revenue plunged 63 per cent from a year earlier due to the COVID-19 pandemic.
WASHINGTON - U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018, as energy prices moved sharply higher.
TORONTO - Hydro One Ltd. reported a second-quarter profit of $1.1 billion, boosted by a one-time gain related to a court decision.