National Business

OTTAWA — Companies owned by newcomers to Canada tend to struggle taking their businesses to the next level more than Canadian-born founders, new data suggests.

Saks Global says it is laying off staff as it works to integrate the recently acquired Neiman Marcus Group with its other luxury brands.

National Bank of Canada says it sees heightened uncertainty from potential tariffs but isn't yet adjusting its earnings expectations because of the threat.

ST. JOHN'S, N.L. — The surprising resignation of two well-liked Atlantic premiers has left some political experts shaking their heads in disbelief — and marvelling at the mounting demands on anyone running a province.

WASHINGTON (AP) — President Donald Trump said Wednesday that Ukrainian leader Volodymyr Zelenskyy will visit the White House on Friday to sign a long-sought minerals deal that will closely tie the two countries together for years to come.

MONTREAL — Quebec investment manager CDPQ says the weighted average return on its depositors' funds was 9.4 per cent for 2024. The result fell short of the 11.8 per cent return of its benchmark portfolio.

WASHINGTON (AP) — Federal agencies must develop plans to eliminate employee positions, according to a memo distributed by President Donald Trump 's administration that sets in motion what could become a sweeping realignment of American government.

TORONTO — Canadian asset owners representing about $53 billion in holdings say they're disappointed that Canada's financial institutions have left net-zero emissions initiatives and are calling for them to follow through on climate commitments.

LUNENBURG, N.S. — High Liner Foods Inc. reported a fourth-quarter profit of US$5.9 million, down from US$6.4 million a year earlier, as its sales edged lower. The frozen seafood company, which keeps its books in U.S.

TORONTO — George Weston Ltd. reported a profit in its fourth quarter compared with a loss a year ago.