National Business

TORONTO — Rising strain in auto loans and mortgages led Scotiabank to set aside more money in the second quarter, leading to a drop in profits and analyst concern about its growth prospects. The bank said Tuesday its net income fell to $2.

OpenAI says it's setting up a safety and security committee and has begun training a new AI model to supplant the GPT-4 system that underpins its ChatGPT chatbot.

WASHINGTON (AP) — Consumer confidence in the U.S. rose in May after three straight months of declines, though Americans are still anxious about inflation and interest rates.

TORONTO — Private equity firm Reichmann Segal Capital Partners says it has acquired Athletica Sport Systems Inc., a maker of boards and other equipment used for hockey rinks. Terms of the transaction were not disclosed.

Between inflation, housing costs and interest rates, debt is ballooning for many younger Canadians. Scott Terrio sees it all the time.

A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household budgets.

T-Mobile is buying U.S. Cellular's wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry. As part of the agreement, T-Mobile will get U.S.

BURNABY — The British Columbia government says a new online "hub" will speed up building permit processes across jurisdictions.

CALGARY — A new report commissioned by an industry lobby group on the federal government's proposed emissions cap stirred up strong reactions from both oil and gas supporters and environmental groups on Monday.

Market concentration, higher prices and a mounting tally of customer complaints are fuelling a Competition Bureau study into Canada's airline industry.