National Business

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in April rose 30 per cent compared with March.

CALGARY — Calfrac Well Services Ltd. reported a first-quarter profit of $7.8 million compared with a loss of $2.9 million a year earlier as its revenue rose 12 per cent.

WASHINGTON (AP) — U.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over how President Donald Trump’s tariffs will impact the economy.

Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as many weeks as business leaders struggle with uncertainty over U.S.

NEW YORK (AP) — Walmart’s first quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump.

For four generations, the family behind Winnipeg garment maker Freed & Freed International has worked with the fabric of our nation, crafting police regalia like the scarlet tunics worn by the RCMP and uniforms for Canada's Olympic teams.

OTTAWA — Industry Minister Mélanie Joly says Honda Canada remains "fully committed" to major electric-vehicle investments in Canada after the company announced Tuesday that it was pausing a multibillion-dollar EV project in Ontario.

VICTORIA — B.C. Premier David Eby said a trade mission to Asia next month will help the province become the "engine of a new Canada," but an economist says B.C. also needs to take steps at home to become more competitive.

OTTAWA — The Canadian government is welcoming a recent decision by the Council of the International Civil Aviation Organization to hold Russia responsible for the downing of Malaysia Airlines Flight MH17.

OTTAWA — Canada's new housing minister says he didn't have the tools he needed to address housing affordability issues when he was mayor of Vancouver — the country's most expensive housing market.