National Business

ORILLIA — Prolonged power outages after spring storms could extend into next week in some Ontario communities, officials said Friday, as one Orillia-area resident described the aftermath of last weekend's ice storm as a "war zone.

NEW YORK (AP) — Wall Street’s worst crisis since COVID slammed into a higher gear Friday. The S&P 500 lost 6% after China matched President Donald Trump’s big raise in tariffs announced earlier this week.

CALGARY — Fears of a tariff-driven recession have led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector's outlook should the weakness persist. West Texas Intermediate crude, the key U.S.

WEST PALM BEACH, Fla. (AP) — President Donald Trump on Friday said he is signing an executive order to keep TikTok running in the U.S.

TORONTO — Canadian and U.S. stock markets sank for a second straight day Friday, marking even sharper losses than Thursday as U.S. President Trump's tariffs continue to stir recession fears.

NORTH VANCOUVER — British Columbia's government celebrated the first anniversary of one of its cornerstone housing programs at the groundbreaking of a 179-unit rental building in North Vancouver, which it says went from concept to construction in 14

SASKATOON — Saskatchewan Premier Scott Moe says he remains concerned with U.S. tariffs on Canadian products but thinks talking with American officials helped Canada avoid a worse outcome.

Quebec tree rings dating back nearly 200 years indicate snowpack in the Gaspésie mountains has declined considerably in recent decades, Concordia University researchers suggest in a study that could give further insight into dwindling caribou herds a

CAPE CANAVERAL, Fla. (AP) — Four space tourists who orbited the north and south poles returned to Earth on Friday, splashing down in the Pacific to end their privately funded polar tour.

ARLINGTON, Va. (AP) — The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth, and the Federal Reserve will focus on keeping price increases temporary, Fed Chair Jerome Powell said Friday.