National Business

Canada's backlog of Nexus applications has ballooned into the hundreds of thousands, despite a sharp downturn in applicants during the pandemic, prompting blowback from frustrated travellers as clogged airports continue to overflow.

Experts predict the Bank of Canada will likely announce another major interest rate boost Wednesday as it tries to rein in runaway inflation.

TORONTO — A broad rally Monday led by the energy and technology sectors lifted Canada's main stock index, which is on track to end the volatile month of May in positive territory. The S&P/TSX composite index increased 170.82 points to 20,919.

Businesses in Canada may be eligible to claim hundreds of dollars in credit card processing fees following a multimillion-dollar class action settlement with Visa and Mastercard.

Brookfield Asset Management Inc. is selling its U.K.-based student housing business to Singapore sovereign wealth fund GIC Private Ltd. and U.S. property manager Greystar Real Estate Partners LLC. Brookfield got into the U.K.

SUVA, Fiji (AP) — China fell short Monday on a bold plan to have 10 Pacific nations endorse a sweeping new agreement covering everything from security to fisheries as some in the region expressed deep concerns.

Forget breaking the sound barrier: Tom Cruise just flew past a major career milestone. The 59-year-old superstar just got his first $100 million opening weekend with “Top Gun: Maverick.

CALGARY — The officially disclosed carbon footprints of Canada's largest oil companies could balloon in size if tough new climate rules proposed earlier this year by a U.S. regulator come into effect. The U.S.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Economic report card Statistics Canada will report its gross domestic product figures for March and the first quarter as a whole on Tuesday.

The number of international flights delayed on arrival at Toronto Pearson International Airport jumped by 275 times last month compared with April 2019.