Business

Parkland Corp.’s biggest shareholder is going to court after the Calgary company announced a US$9.1-billion takeover by Sunoco LP and delayed a meeting where it was to face down investors pushing for a boardroom overhaul.

S&P/TSX composite down as oil falls, U.S. markets also end lower

After months spent pursuing a plan to convert itself into a for-profit business, OpenAI is reversing course and said Monday its nonprofit will continue to control the company that makes ChatGPT and other artificial intelligence products.

Billionaire Warren Buffett will remain chairman of the board at Berkshire Hathaway when vice chairman Greg Abel takes over for Buffett as CEO at the start of 2026. 

General Motors GM.N on Monday named insider Duncan Aldred the president of its North America business, effective immediately, days after the automotive manufacturer cut its 2025 profit forecast on concerns over U.S. tariffs.

The Keg Royalties Income Fund has signed a letter of intent to be acquired by Fairfax Financial Holdings Ltd., its largest unitholder.

Tim Hortons is baking some star power into its breakfast menu. The cafe chain launched scrambled egg boxes with actor Ryan Reynolds on Monday.

Skechers is being acquired for $9 billion and taken private by the investment firm by 3G Capital.

The Trump administration says the sweeping tariffs it unveiled April 2, then postponed for 90 days, have a simple goal: Force other countries to drop their trade barriers to U.S. goods.

It felt much longer, but the U.S. stock market needed just a few weeks to roar all the way back to where it was on President Donald Trump’s “Liberation Day.” That’s when he shocked Wall Street by announcing much steeper tariffs than expected on nearly all U.S. trading partners.

The South Texas home of Elon Musk’s SpaceX rocket company is on its way to becoming an official city with a galactic name: Starbase.

Six Calgary women have reunited at the front doors of one of the Bay stores in the city to pay homage to the iconic Canadian retailer they have a close connection with.

Some of Canada’s major airlines have made changes to their schedules, including pausing some flights between Canada and the United States and increasing domestic flights in the wake of lower demand to fly south, which may be tied to the tariff war between the two countries.

Scotiabank says its customers may still be unable to access some banking features after a service disruption caused headaches for several users.

Finding out your tax return is under review — especially after you’ve already spent your expected refund — can be unnerving. But it’s far less serious and more common than you think, tax experts say.