National Business

Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs in the technology and gaming sector continue after a surge of hiring in recent years.

Two years ago, Ihor Weryha finally felt ready to retire. The Mississauga, Ont., resident had spent 40 years working in the petrochemical industry, most of which had been evenly split between two companies.

MONTREAL — Laurentian Bank of Canada reported a first-quarter profit of $37.3 million, down from $51.9 million a year earlier. The Montreal-based bank says the profit amounted to 75 cents per diluted share for the quarter ended Jan.

Vancouver tech lawyer Ryan Black's work with video game companies put him in a position to watch the rise of artificial intelligence in the industry. Now he finds himself on the front lines again as his own profession grapples with the technology.

NEW YORK (AP) — Consumers will pay more for a flight to Florida or for a hotel room during peak vacation times.

KAILUA-KONA, Hawaii — A Canadian tourist in Hawaii has survived a disastrous sequence of events after he took a wrong turn while heading out to watch the sunrise, drove off a cliff, fell out of the wreck and was washed out to sea.

Fast food restaurants are diving deeper into the digital realm, adopting strategies that range from dynamic pricing to drive-thru voice bots and weather-based menu boards.

TORONTO — Spin Master Corp. reported a loss of US$30.1 million in the fourth quarter, compared with a loss of US$13.8 million a year earlier. The Toronto-based toy and entertainment company says revenues rose to US$502.6 million, up from $465.

OTTAWA — Cineplex Inc. is engaging in harmful "drip pricing" with its online booking fees, and moviegoers have no way to avoid them, says Canada's competition czar.

OTTAWA — The Canadian Media Guild says it has reached a tentative agreement with CBC/Radio Canada.