National Business

TORONTO — Scotiabank's new chief executive says the bank is rethinking its strategy as it reported a drop in profits last quarter because of high funding costs and expense growth. Scott Thomson, who took on the top job Feb.

NEW YORK (AP) — Target plans to invest as much as $5 billion this year expanding services for customers, including a drive up service for returns, renovations at 175 stores and improvements in online shopping.

WASHINGTON (AP) — Conservative justices holding the Supreme Court's majority pressed skeptical questions Tuesday about President Joe Biden's plan to wipe away or reduce student loans held by millions of Americans.

A vandalism spree has put many mailboxes out of commission in the country's biggest city, Canada Post says.

WASHINGTON (AP) — Consumer confidence dipped for the second straight month as stubborn inflation and anxiety over a potentially slowing economy weighed on Americans.

TORONTO — As MBA student Lisa Malachowski negotiated her salary for a job set to begin this summer, a thought familiar to many young workers crossed her mind: "Maybe they'll withdraw the offer.

MONTREAL — Laurentian Bank of Canada reported its first-quarter profit fell compared with a year ago as its provisions for credit losses ticked higher. The Montreal-based bank said Tuesday it earned $51.9 million or $1.

CALGARY — Baytex Energy Corp. has signed a deal to buy U.S. company Ranger Oil Corp. in a deal valued at C$3.4 billion, including assumed debt. Ranger Oil operates in the Eagle Ford shale region in south Texas, an area where Baytex also has assets.

TORONTO — Experts say commitments to tackle racism in the workplace have not been met with enough action as a report released Tuesday found more than 70 per cent of Black Canadians still experience racism or microaggressions on the job.

BANGKOK (AP) — Shares climbed in Asia on Tuesday after Wall Street benchmarks clawed back some losses from their worst week since early December.