National Business

CALGARY — Precision Drilling Corp. reported a first-quarter profit compared with a loss a year ago as its revenue rose nearly 60 per cent, helped by stronger drilling activity and price increases in the U.S. and Canada.

An Australian coal company is withdrawing its plan for a mine in the Crowsnest Pass region of the eastern slopes of Alberta's Rocky Mountains.

DETROIT (AP) — Another automaker is trying to cut its workforce to trim expenses and stay competitive as the industry makes the long and costly transition to electric vehicles.

OTTAWA — The Bank of Canada considered raising interest rates earlier this month, as it feared being too slow to react to sticky inflation.

TORONTO — Rogers Communications Inc. is partnering with SpaceX and Lynk Global to deliver satellite-to-phone connectivity across Canada and bolster coverage in remote regions.

Canadian farmers are expecting to plant the largest wheat crop in more than two decades this year amid strong demand for wheat. Statistics Canada said Wednesday that farmers anticipate planting 23 million acres of wheat, up 6.

TORONTO — Electric vehicle drivers can expect more charging options ahead as the Canada Infrastructure Bank is loaning $220 million to Flo Services Inc. to expand its network.

CALGARY — Cenovus Energy Inc. lowered its production guidance for the year Wednesday after releasing first-quarter financial results that missed Wall Street's expectations.

WASHINGTON (AP) — Toy company Mattel revealed its first Barbie doll representing a person with Down syndrome on Tuesday.

TORONTO — Whether you're catching a flight, opening a new bank account or picking up groceries, a small group of big names takes up most of the market share. Competition Ltd.