National Business

CALGARY — Suncor Energy Inc. says it broke its own record for oil and gas production in 2024. The Calgary-based energy giant says it achieved record annual production of 827,000 barrels per day, a 10.

WASHINGTON — The difficult diplomacy Canada is attempting with the incoming Trump administration took on new pressure Monday as Prime Minister Justin Trudeau announced he will resign his post as soon as a new Liberal leader is chosen.

Four years after launching a push for more diversity in its ranks, McDonald’s is ending some of its diversity practices, citing a U.S. Supreme Court’s decision that outlawed affirmative action in college admissions.

TORONTO — Canada's main stock index closed slightly lower on Monday after Prime Minister Justin Trudeau officially announced he plans to step aside, while U.S. stock markets were mixed. “It was widely expected.

Justin Trudeau's decision to step down and prorogue parliament will keep his government from implementing its proposed changes to capital gains for now, but Canadians might not be off the hook with tax collectors just yet.

ST. JOHN'S, N.L.

CALGARY — Canadian oil and gas stocks climbed Monday on the news of Prime Minister Justin Trudeau's resignation, but analysts say the country's energy sector will still be challenged by uncertainty in the months to come.

VANCOUVER — The Canada Border Services Agency says it acted lawfully and in "good faith" when it detained nearly 50 containers of solar panels belonging to a Victoria, B.C., company over concerns they were made using forced labour.

NEW YORK (AP) — Rising technology stocks helped U.S. indexes recover more of their holiday-season slide that bridged the new year. The S&P 500 climbed 0.6% Monday, its second straight gain following five straight losses.

TORONTO — Prime Minister Justin Trudeau's plan to step down has business experts warning about the heightened uncertainty it has created and the need for a unified front to face the challenges ahead.