National Business

WASHINGTON (AP) — TikTok on Monday asked the Supreme Court to step in on an emergency basis to block the federal law that would ban the popular platform in the United States unless its China-based parent company agreed to sell it.

VANCOUVER — The company behind what will be Canada's first major liquefied natural gas export facility has appointed a new CEO. LNG Canada says Chris Cooper will succeed current chief executive Jason Klein, effective April 1, 2025.

VANCOUVER — The Canadian men's team will be part of the Vancouver Sevens, competing in an invitational event in conjunction with the HSBC SVNS stop in February.

TORONTO — BlackBerry Ltd. has signed a deal to sell its Cylance security business to Arctic Wolf. Cylance uses artificial intelligence to help users detect malware and prevent cyberattacks.

LONDON (AP) — Britain's government gave the go-ahead Monday for the sale of Royal Mail's parent company to a Czech billionaire, paving the way for the postal service to pass into foreign ownership for the first time in its 500-year history.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in November rose eight per cent compared with October, helped by strength in multi-unit starts in Quebec, Alberta and B.C.

It was a busy 2024 for Canadian business: the Bank of Canada began cutting interest rates as inflation moderated and labour unions looked to make gains.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Fall economic update Finance Minister Chrystia Freeland will present the federal government's fall economic statement on Monday.

TORONTO — Inflation likely hovered at or a little above the Bank of Canada's two per cent target rate in November, economists expect, after Taylor Swift's Eras Tour swept through Toronto and offered a temporary economic boost.

CALGARY — The ripple effect of the wildfire that devastated the town of Jasper last summer could continue to reverberate through Alberta's tourism sector in 2025, industry insiders say.