Federal prosecutors arraigned Danish researcher Poul Thorsen on wire fraud and money laundering charges tied to the alleged theft of CDC grant money for autism research after his extradition from Germany, Becker's Behavioral Health reported. Prosecutors allege Mr. Thorsen stole more than $1 million in federal grant money awarded to fund studies examining the relationship between autism and exposure to vaccines, cerebral palsy and infection during pregnancy, and childhood development and fetal alcohol exposure.

Canadian home sales posted a modest increase in April from March ​after a slow start to the month, ‌and prices edged lower, data from the Canadian Real Estate Association showed on Thursday, Reuters reported. Home sales increased 0.7% month-over-month ​in April, though sales were down 4% on an ​annual basis, without seasonal adjustment. The sales-to-new listings ratio fell to 45.6% from 47.1% in March, moving further below the long-term ​average. Read more.

Mexico’s Braskem Idesa SAPI and its creditors are nearing an agreement for a loan of around $250 million as part of a chapter 11 bankruptcy filing, Bloomberg News reported. The company and its advisers are racing to line up debtor-in-possession financing so that Braskem Idesa can get a deal and benefit from an improvement in petrochemical spreads driven by the war in the Middle East. Read more. (Subscription required.)

The Federal Reserve Bank of New York on Wednesday defeated an appeal by a Puerto Rican lender ‌whose access to the U.S. central banking system was cut off in a ‌crackdown on lenders with links to Venezuela, Reuters reported. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in ​Manhattan rejected Banco San Juan Internacional's (BSJI) claim that the Federal Reserve Act entitled it to a "master account," which lets banks access the Fed's electronic payment system. BSJI ⁠sued in 2023 after learning that its 11-year-old account would be closed over concerns it was not complying with U.S.

The Bank of Canada on Wednesday said that there were no signs so far that artificial ‌intelligence was leading to widespread job losses, adding the technology had ‌the potential to transform tasks rather than eliminate them, Reuters reported. Deputy Governor Michelle Alexopoulos said the central bank was ​closely monitoring the employment market and anticipated that as AI becomes more prevalent, some jobs would be replaced and new ones would emerge.

Canadians are filing for insolvencies at levels unseen in more than a decade as rising costs and uncertainty around housing and employment put more strain on consumers, according to the latest data from the Office of the Superintendent of Bankruptcy, The Globe and Mail reported. The number of Canadians who filed for insolvency jumped 8.5 per cent year-over-year in the first quarter of 2026 to 37,121, the highest quarterly volume since 2009, the OSB recorded in statistics released on Monday.

The Trump administration asked the U.S. trade court to pause a ruling that declared the president’s latest 10% global tariffs unlawful while the government appeals, meaning importers would keep paying the levies while the legal fight continues, Bloomberg News reported. In a 2-1 decision last week, a U.S. Court of International Trade panel found that President Donald Trump’s use of Section 122 of the Trade Act of 1974 to impose the tariffs was invalid, although the court only immediately blocked enforcement for two companies that sued and Washington state.

Winnipeg-based clothing retailer Warehouse One is moving to liquidate all of its 128 stores, including Bootlegger, CBC.ca reported. The company began proceedings in Manitoba under the Companies’ Creditors Arrangement Act, saying it was insolvent and could no longer pay staff or rent unless it got court protection.

Canada’s unemployment rate rose to a six-month high in April to 6.9 per cent as the economy lost a net 17,700 jobs, Statistics Canada data showed on Friday, indicating continued weakness in a labor market that has struggled in the face of U.S. tariffs and trade uncertainty, Reuters reported. The Bank of Canada said in its Monetary Policy Report last month that indicators such as the employment rate, hours worked and job vacancies suggest there is slack, or underutilized capacity, in the labor market, although layoffs remain modest.