Nvidia's market value tops $4 trillion - Reuters

InternationalPublished: October 23, 2026 at 5:51p.m. EDTThe Deepwater Horizon oil rig burns in the Gulf of Mexico on April 21, 2010. (Gerald Herbert / AP Photo) BP announced a deal on Friday that provides Louisiana an accelerated, lump-sum US$350 million payment to resolve claims over the 2010 Deepwater Horizon oil spill and that also settles long-running coastal damage litigation by local parishes. BP agreed in 2015 to pay up to US$18.7 billion to the federal government and five states to resolve claims arising out of the oil spill. That money includes US$4.9 billion payable over 18 years to settle economic and other claims by the states. While Louisiana had been owed US$373 million over the next seven years, the state will now receive a single US$350 million payment. BP said remaining coastal zone lawsuits by Louisiana parishes will be resolved. It did not provide further details. “We have now disposed of claims and settled with all but one of the major defendants in these coastal cases,” Louisiana Gov. Jeff Landry, a Republican, said in a statement distributed by BP.(Reporting by Ankita Bora in Bengaluru and Nate Raymond in Boston; Editing by Joyjeet Das)

Published: October 23, 2026 at 5:34p.m. EDTIndustry Minister Mélanie Joly says new federal investments announced Friday are a first step toward reducing the Canadian aluminum sector’s dependence on the United States. Joly, who is also the minister responsible for economic development in Quebec, made the comments in La Baie, Que., where she announced more than $193 million in federal funding for projects at four Rio Tinto facilities in the Saguenay-Lac-Saint-Jean region and at the Alouette aluminum smelter in Sept-Îles, Que. “The aluminum industry is much more than an economic driver. It is also a strategic industry for our country and for Canadian sovereignty,” the minister said in her speech. Citing the economic upheaval caused by tariffs and the unpredictability of the American government, Joly said that “in this new context, we must be able to produce more of what our economy needs right here in Canada.”She also said the funding is a first step toward strengthening the Canadian aluminum supply chain. Aluminum Shadows of workers is reflected on rolls of coated steal during an announcement by Chrystia Freeland in Hamilton. Friday, June 29, 2018.

The White House has made another wide-ranging shuffle to its tariff regime on Canadian goods. Among those products: Seaweed, packing boxes and some plywood sheets are out. Cocoa power, vinyl flooring and shampoos are in. A full list of goods now facing 50 per cent tariffs is available here. The changes will take effect at the end of the month. Earlier on Friday, Republican Maine Sen. Susan Collins said she has secured tariff exemptions on a variety of Canadian products to bolster domestic agriculture. “I am pleased to have secured additional tariff exemptions (for) products crucial to Maine’s agricultural industries, including blueberry, potato, apple, and seaweed producers,” she wrote on X Friday. “Many of our farmers and growers rely on specialized equipment, packaging materials, and other products from Canada that are either unavailable from American suppliers or cannot be replaced without incurring significant expense.”Collins requested tariff relief during discussions with U. S. Trade Rep. Jamieson Greer, Treasury Secretary Howard Lutnick – both of whom have been involved in negotiations with Canada – and senior Trump administration officials, she said.

Company NewsUpdated: October 23, 2026 at 3:49p.m. EDTPublished: October 23, 2026 at 3:48p.m. EDTToyota logo Toyota is recalling more than 24,000 vehicles in Canada due to an issue with seats that may increase the risk of injury in a crash. The recall affects Sienna Hybrid minivans from model years 2022 to 2026, according to a notice published by Transport Canada on Oct. 20 and updated Oct. 23. How to set CTV News as your preferred source on GoogleThe notice said the mechanisms that lock the second-row seat recliners in position may disengage under certain conditions when a seatbelt pretensioner activates. As a result, the seatbacks could move during a crash, potentially increasing the risk of injury to occupants. Toyota Sienna or Kia Carnival? This photo shows the Toyota Sienna minivan, available as a fuel-efficient hybrid. (Courtesy of Toyota Motor Sales U. S. A. via AP) Toyota advised owners not to use the second-row seats to transport passengers until the recall repairs have been completed. The automaker will notify affected owners by mail and instruct them to take their vehicles to a dealership.

TORONTO — In the absence of surefire technology to determine whether something was written by artificial intelligence, some Canadian publishers say they have to rely on something nearly as thorny: trust. Alana Wilcox, the editorial director of Coach House Books, wrote in an email that the company asks writers to be upfront about whether their work contains material generated by AI. She says the existing tools to discern the use of AI aren’t reliable. There is renewed attention on the role of artificial intelligence in the book industry after a Quebec publisher cut ties with an author accused of using AI to write his debut novel. Earlier this week, Montreal-based publishing house Les Éditions du Boréal said an analysis of some documents’ metadata found evidence author Thélyson Orélien used AI while writing his novel “C’était ça ou mourir” (“It was either that or dying”). Allegations that Orélien used AI in his book first emerged on social media in September. The author denied using AI to write the book but said he had used it for research. Orélien did not respond to The Canadian Press’ request for comment following the publisher’s announcement on Wednesday.

Published: October 23, 2026 at 3:13p.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. The cost of building out the infrastructure needed to satisfy booming demand for artificial intelligence is changing the way major companies allocate resources. That can mean an end to some jobs once done by humans. Yet in many cases it means repurposing money once spent on workers so that more capital can be devoted to boosting AI capabilities. Just how much money is being spent on AI is a hot topic as fears of a bubble in the sector grow, but the potential impact on workers in some sectors is clear. Here’s a look at some of the companies that have announced layoffs or hiring reductions this year that are tied in some way to massive spending on AI. BarclaysThe U. K. bank and financial services company revealed in a quarterly financial report this week that it is looking to cut 5,000 jobs, or about five per cent of its workforce.