National Business

OTTAWA — Canada’s banking regulator says it has temporarily seized assets of the Canadian branch of Silicon Valley Bank.

TORONTO — When it comes to saving on groceries or trips to the mall, Nichole Schaubroeck is a pro.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Household debt Statistics Canada will release on Monday its national balance sheet and financial flow accounts for the fourth quarter of 2022.

WILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank , but is working to help depositors who are concerned about their money .

DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists.

TORONTO — A union representing 200 employees of Indigo Books & Music Inc. is calling on the retailer to disclose more information about the scope of its recent data breach and offer additional support to staff affected by the cyberattack.

BEIJING (AP) — China on Saturday named Li Qiang , a close confidant of top leader Xi Jinping , as the country’s next premier nominally in charge of the world’s second-largest economy now facing some of its worst prospects in years.

MONTREAL — The federal government gave the thumbs-up Friday to WestJet Airlines' takeover of Sunwing Airlines and Sunwing Vacations in a major consolidation of the Canadian aviation market following a tumultuous year for travel.

MONTREAL — Airports and airlines prepared for a surge in passengers this week ahead of spring break after a year where the industry has struggled to cope with peak travel times.

CALGARY — The estimated cost of the Trans Mountain pipeline expansion project has increased once again, this time to $30.9 billion. That's the latest figure from Trans Mountain Corp., the federal Crown corporation that owns the pipeline.