Â鶹´«Ã½

TORONTO — Beleaguered retailer Hudson's Bay has attracted a bid from Canadian Tire, two sources familiar with the sales process say.

ST. JOHN'S — The RCMP have taken over the search for a pilot reported missing after his small aircraft crashed in the Atlantic Ocean off the east coast of Newfoundland on Tuesday morning.

OTTAWA — Stock markets have taken a wild ride in recent weeks as U.S. President Donald Trump's on-again, off-again tariffs have created massive uncertainty for companies and the economy at large.

NEW YORK (AP) — Microsoft and Meta Platforms are driving Wall Street higher after they delivered profits for the start of the year that were even bigger than analysts expected. The S&P 500 rose 0.

U.S. applications for jobless benefits jumped to their highest level in two months, but layoffs remain in a historically healthy range despite increasing fears of a tariff-induced economic slowdown.

WINNIPEG — Great-West Lifeco Inc. says its president and CEO Paul Mahon is set to retire July 1 and will be succeeded by David Harney. Mahon has spent 39 years with the company, including the past 12 as its chief executive.

Revenue for the quarter totalled $789 million, up from $634 million a year earlier.

TORONTO — Thomson Reuters says its profit fell in its latest quarter as revenues edged higher. The company, which keeps its books in U.S. dollars, reported a first-quarter profit of US$434 million, down from US$478 million a year ago.

The trouble was particularly acute in the U.S., where same-store sales slumped 3.6%.

LAVAL — Alimentation Couche-Tard Inc. says it has signed a non-disclosure agreement with Seven & i Holdings Co. Ltd. amid its pursuit to acquire the Japanese parent company of 7-Eleven.