Business

Virtual private network service NordVPN says it could pull out of Canada over the federal government’s proposed lawful access bill.

The U.S. stock market fell from its records  Friday and joined a worldwide drop for stocks after higher oil prices sent a shiver through the bond market. Stocks that had been caught up in the euphoria around artificial-intelligence  technology led the way lower.

Elon Musk’s rocket and satellite maker SpaceX is planning to price its blockbuster initial public offering as early as June 11 and has picked Nasdaq as its listing venue, people familiar with the matter told Reuters on Friday.

The Canadian dollar weakened to a one-month low against its U.S. counterpart ‌on Friday, as the greenback posted broad gains and bond yields globally jumped on rising concerns about the inflation outlook.

The Toronto-based company, which builds universal photonic quantum computers, reported its inaugural first-quarter earnings on Thursday. The company posted revenue of US$2.8 million but reported a net loss of US$20.6 million, or US$0.28 per share.

Blackstone and CD&R are among private equity firms in the early stages of exploring bids for Magnum Ice Cream Company, two sources familiar with the matter told Reuters, less than six months after the owner of Cornetto and Ben & Jerry’s was spun out of Unilever.

Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) provides a further update with respect to its decision of May 7, 2026 to suspend its direct participation in joint venture activities in Cuba in light of the Executive Order issued by the U.S. administration on May 1, 2026 expanding its sanctions against Cuba (the “Executive Order”).

The federal government says it will pay Lockheed Martin $1.5 billion through an updated contract to maintain and upgrade the Royal Canadian Air Force’s Hercules transport aircraft.

U.S.-based Caturus has given the go-ahead to build a massive liquified natural gas (LNG) facility in Cameron Parish, Louisiana, after raising $9.75 billion in financing for the plant’s construction, Mubadala Energy said on Friday.

As the conflict in the Middle East drags on and the global oil supply dwindles, the price of gas continues to hover near historic highs, with no sign of dropping before the travel-heavy summer season kicks off in earnest — or even before it winds down.

Nvidia CEO Jensen Huang, who has a net worth estimated at roughly US$200 billion, was recently asked about California’s wealth tax proposal that has some billionaires riled up.

Transat AT Inc. says fuel surcharges have only marginally offset the higher costs because a large portion of its bookings were made before the Iran war.

China has agreed to order 200 Boeing jets, U.S. President Donald Trump told Fox News Channel on Thursday, marking the country’s first purchase of U.S.-made commercial jets in nearly a decade.

Interest rate futures prices fell ​sharply on Friday, ‌reflecting a growing conviction among bond market ​investors that stiff ​inflation will push the ⁠U.S. Federal ​Reserve to raise interest ​rates late this year or in early 2027.

The United Arab Emirates will accelerate construction of a new oil pipeline to double its export capacity via the port of Fujairah by 2027, the government’s Abu Dhabi Media Office said on Friday, vastly expanding its ability to bypass the Strait of Hormuz.