National Business

TORONTO — Canadian and U.S. stock markets sank for a second straight day Friday, marking even sharper losses than Thursday as U.S. President Trump's tariffs stir recession fears among investors. The S&P/TSX composite index closed down 1,142.

NEW YORK (AP) — Wall Street’s worst crisis since COVID slammed into a higher, scarier gear Friday. The S&P 500 lost 6% after China matched President Donald Trump’s big raise in tariffs announced earlier this week.

SASKATOON — Saskatchewan Premier Scott Moe says he remains concerned with U.S. tariffs on Canadian products but thinks talking with American officials helped Canada avoid a worse outcome.

Steep U.S. tariffs on all imported vehicles are set to drive prices, already high in part because of pandemic-related disruptions, higher still for both new and used cars, experts say.

WEST PALM BEACH, Fla. (AP) — President Donald Trump had a TikTok deal in place Wednesday for the app's operations to be spun off into a new company based in the U.S.

NORTH VANCOUVER — British Columbia's government celebrated the first anniversary of one of its cornerstone housing programs at the groundbreaking of a 179-unit rental building in North Vancouver, which it says went from concept to construction in 14

CALGARY — Fears of a tariff-driven recession have led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector's outlook should the weakness persist. West Texas Intermediate crude, the key U.S.

ORILLIA — Prolonged power outages could linger into next week in remote Ontario communities after punishing spring storms, officials said, as Premier Doug Ford toured some hard-hit areas.

Quebec tree rings dating back nearly 200 years indicate snowpack in the Gaspésie mountains has declined considerably in recent decades, Concordia University researchers suggest in a study that could give further insight into dwindling caribou herds a

CAPE CANAVERAL, Fla. (AP) — Four space tourists who orbited the north and south poles returned to Earth on Friday, splashing down in the Pacific to end their privately funded polar tour.