National Business

MONTREAL — The head of CGI Inc. says bookings by U.S. government clients dropped sharply in its latest quarter amid economic uncertainty and a spending crackdown by a task force led by billionaire Elon Musk.

CALGARY — A prominent shareholder advisory firm says a dissident investor has not cleared the bar to justify taking control of Parkland Corp.'s board of directors, but there is a case for change.

Uncertainty about both the rapidly changing U.S. trade policy and the impact it’s having on the Canadian economy dominated discussion by the Bank of Canada governing council in the lead-up to its interest rate hold earlier this month.

EDMONTON — Seventy-year-old Tan Hoang vowed he would never return to Vietnam after fleeing the country with his family on a makeshift wooden boat.

The chief executive of Capital Power Corp. said a key focus in the months ahead will be digesting two soon-to-be purchased U.S. natural gas power plants.

The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump's trade wars disrupted business.

Loblaw Cos. Ltd. says it's still working to stock its grocery store shelves with more Canadian products as shoppers look for local alternatives during the Canada-U.S. trade war, but the company's chief executive admits the shift may not last.

SAULT STE. MARIE — Algoma Steel Group Inc. says Canada's steel market is under increasing pressure from weakening prices brought on by tariffs and imports, but that its major retrofit of its furnace system should help with costs ahead.

WASHINGTON (AP) — A closely watched inflation gauge cooled last month in a sign that prices were steadily easing before most of President Donald Trump’s tariffs were implemented .

The clock is ticking down on two deadlines that may determine the fate of Hudson's Bay.