National Business

SOUTH PADRE ISLAND, Texas (AP) — SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight Thursday and crashed into the Gulf of Mexico.

TORONTO — Jim Balsillie is having his Hollywood moment. It was almost inevitable the Waterloo, Ont., businessman would one day be portrayed in film for his role in the global success of the BlackBerry smartphone.

This time it's for real. Many of Twitter’s high-profile users are losing the blue check marks that helped verify their identity and distinguish them from impostors on the Elon Musk-owned social media platform.

OTTAWA — Canada's environment commissioner says action by the federal banking regulator on climate change is overdue and now urgent.

TORONTO — BMO says it has named Darrel Hackett as head of the bank's U.S. operations as the current lead Dave Casper is set to retire. The bank says that as of June 1, Hackett will be U.S.

VANCOUVER — Sumitomo Metal Mining Co. Ltd., a key shareholder at Teck Resources Ltd., will vote in favour of the company's plan to separate its metals and steelmaking coal operations into two companies.

LOS ANGELES (AP) — The spring homebuying season in the U.S. is off to a tepid start as buyers contend with sharply higher mortgage rates and near historic-low inventory of properties on the market. Existing U.S. home sales fell 2.

TORONTO — Shareholders looking for an update on TD Bank Group's US$13.4 billion takeover of First Horizon Corp. were left with few answers at the bank's annual meeting Thursday. Facing numerous questions about the deal after U.S.

As more Canadians enter common-law relationships, experts are encouraging young couples to educate themselves on the tax implications.

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week but remains low by historic standards. U.S. jobless claims rose by 5,000 to 245,000, the Labor Department reported Thursday.