National Business

BRP Inc. executives said the Ski-Doo maker needs to stay calm in the face of tariffs proposed by U.S. president-elect Donald Trump — tariffs that could hurt a manufacturer that depends on Mexican production.

TORONTO — Artificial intelligence firm Cohere will receive up to $240 million from the federal government to boost its computing capacity.

MONTREAL — Laurentian Bank of Canada reported fourth-quarter profits that were up from a year ago, while it reported a loss for 2024 as a whole. The Montreal-based bank said Friday its quarterly profits amounted to $40.7 million, up from $30.

NEW YORK (AP) — U.S. stocks rose to records after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation. The S&P 500 climbed 0.

TORONTO — A new report suggests the federal government's rapidly reduced immigration targets will significantly slow economic growth, but not enough to trigger a recession.

Purolator and UPS have paused shipments from some courier companies as they try to work through a deluge of deliveries brought on by the Canada Post strike, creating even bigger backlogs at the height of the holiday shipping season.

TORONTO — Canadian Western Bank says it has delayed the release of its fourth quarter financial results without saying why. The bank, which was scheduled to release results Friday, says it will instead put them out in mid-December.

TORONTO — Canada's big banks reported year-end financial results this week that showed mixed results as elevated interest rates and a softening economy weighed. Here's some of what banks said about how things are going and what's ahead in 2025.

VANCOUVER — If you're looking for a permanent reminder of Taylor Swift's Era's Tour concerts in Vancouver, long after the friendship bracelets have been traded, tattoo artist Jen Van Houten literally has you covered.

MANAMA, Bahrain (AP) — Iran is poised to “quite dramatically” increase its stockpile of near weapons-grade uranium as it has started cascades of advanced centrifuges, the head of the International Atomic Energy Agency warned Friday.