business
North American stocks rally and oil tumbles 10% after Iran says Strait of Hormuz is open
S&P 500, Dow Jones and Nasdaq all climbed shortly after open, as stocks run toward the finish of a third straight week of big gains. Brent crude oil, the international standard, dropped to $89.13 US a barrel — still higher than the $70 before the Iran war, but lower than it has been in recent […]
Stellantis, Microsoft sign 5-year partnership for AI push
The legacy automaker eyes 60 per cent data centre footprint cut by 2029 as it leans into big tech in software, AI Race. Deal is set to co-develop 100+ initiatives at Stellantis. Source link
Exclusive: Carney's pitch to unlock trillions in global investment
Prime Minister Mark Carney has sent invitations to 100 of the biggest investment firms in the world. He’s pitching an Invest in Canada Summit this fall to unlock trillions of dollars in investments in Canada. Source link
Sunwing Vacations cancels all Cuba operations until October amid island's fuel crisis
Sunwing Vacations has both extended and broadened its suspension of operations in Cuba, as the popular tourist hub remains cut off from oil shipments. Source link
Trump issues multiple permits for pipelines transporting oil between Canada and U.S.
Permits include one for the construction of a new pipeline, and several related to the maintenance of existing pipelines, according to White House documents. Source link
Gatorade was the first sports drink. Now, the company behind it is targeting non-athletes
Gatorade parent company PepsiCo said Thursday they’re hoping to broaden their customer base to include non-athletes who are also trying to hydrate — whether they’re on a long flight, going for a walk or nursing a hangover. Source link
Canadian Real Estate Association downgrades housing market forecast due to 'oil shock'
Canadian Real Estate Association has downgraded its housing market forecast following a jump in fixed mortgage rates and weaker than expected housing sales in the first three months of 2026. CREA had been forecasting higher sales, based on the idea that pent-up demand would emerge, especially from first-time buyers. Source link
Air travel faces 'unprecedented' fuel crisis as war squeezes supply, experts warn
Europe has “maybe six weeks” of jet fuel left, the head of the International Energy Agency said Thursday, warning of possible flight cancellations “soon” if oil supplies remain throttled. Here’s what consumers should know. Source link
Surging prices provide 'adrenaline shot' for Canadian helium industry
The global shortage of helium caused by the conflict in the Middle East and the closure of the Strait of Hormuz is providing a boost to Canada’s nascent helium industry. Source link
Waymo is taking steps to get its robotaxis on Toronto streets. But roadblocks await
The autonomous taxi operator Waymo appears to be taking steps to break into the Canadian market, eyeing Toronto as a new testing ground for its self-driving fleet. But it may face technological, political and environmental roadblocks — including the harsh reality of Canadian winters — as it seeks to expand north. Source link