National Business

LOS ANGELES — A U.S.

LOS ANGELES — An aspiring actor was indicted Tuesday in Los Angeles on suspicion of running a massive Ponzi scheme that solicited hundreds of millions of dollars from investors for phoney Hollywood film licensing deals, federal prosecutors said.

TORONTO — The number of shares traded on Canadian stock markets decreased last month by the most since the start of the COVID-19 pandemic. According to statistics released by TMX Group Ltd.

MONTREAL — Insolvent beverage retailer DavidsTea Inc. says it will ask its creditors to approve a plan of arrangement next month to distribute about $18 million to creditors in Canada and the U.S.

NEW YORK — Two sporting events last week — the Kentucky Derby and first round of the NFL draft — pulled in more television viewers than the Oscars, something inconceivable only a couple of years ago. The Nielsen company said 14.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,188.03, down 25.13 points.) Suncor Energy Inc. (TSX:SU). Energy. Up one cent, or 0.04 per cent, to $26.94 on 10.8 million shares.

TORONTO — Most North American stock markets fell after a good start to May as the technology sector came under pressure in the United States. Several large U.S. tech giants were lower with Apple Inc. down 3.

CALGARY — Barrick Gold Corp. says a proposal to hand out US$750 million in cash to its shareholders has been approved by those who stand to pocket the outlay of 42 cents per share.

CALGARY — Suncor Energy Inc.

DUBAI, United Arab Emirates — Saudi Aramco said Tuesday its profits soared by 30% in the first quarter of the year, compared to last year, riding on the back of higher crude oil prices.