National Business

NEW YORK (AP) — FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit rock bottom Th

DETROIT (AP) — Autoworkers at the first Ford factory to go on strike have voted overwhelmingly in favor of a tentative contract agreement reached with the company.

MONTREAL — Bombardier Inc. reported a revenue gain of 28 per cent in its latest quarter as the company pledged to meet its business jet delivery target for the year, even amid supply chain pressures and fewer private jet-setters.

TORONTO — Scotiabank's head of Canadian banking is leaving after a 25-year career at the financial institution. The bank says Dan Rees is leaving to pursue other opportunities.

OpenText Corp. says it earned US$80.9 million in the first quarter of its financil year, up from a loss of US$116.9 million a year earlier. Revenues for the Waterloo, Ont.-based company were US$1.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,626.34, up 547.34 points): Enbridge Inc. (TSX:ENB). Energy. Up $1.14, or 2.5 per cent, to $46.06 on 8.2 million shares.

MONTREAL — A Quebec research institute says some of Canada's biggest companies have transferred billions of dollars in profits to Luxembourg to avoid paying domestic taxes.

MONTREAL — The TVA Group says it is laying off 547 employees — nearly a third of its workforce — amid restructuring as the company contends with declining audiences and ad revenues.

CALGARY — Pembina Pipeline Corp. says it earned $346 million in the third quarter of 2023, down from $1.8 billion in the same three-month period of 2022.

NEW YORK (AP) — Wall Street roared higher, adding to its rally from the day before on hopes the Federal Reserve may finally be done with its market-rattling hikes to interest rates. The S&P 500 jumped 1.9% Thursday.