National Business

HALIFAX — A First Nation in Nova Scotia is purchasing two shipyards in the province, saying the acquisitions will position the band to compete for federal contracts, including those from the Defence Department.

TORONTO — Toronto transit workers' recently restored right to strike was crucial in eleventh-hour contract negotiations with the city's transit agency, the president of their union said Friday as he expressed confidence members would ratify a finaliz

MONTREAL — Formula One does things big. At the Canadian Grand Prix, its race cars top 300 kilometres per hour. The track in Montreal amounts to a 305-kilometre contest over 70 white-knuckle laps.

OTTAWA — Google announced which organization it has selected to distribute the $100 million the tech giant has promised to Canadian news companies Friday.

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WASHINGTON (AP) — America’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates.

OTTAWA — Finding work has become increasingly challenging for Canadian jobseekers as a weakening economy and high interest rates push business owners to rein in hiring.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 3.6 per cent in May compared with the same month last year, with levels slightly higher than the historical average for this time of year.

HONG KONG (AP) — China’s exports in May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations, according to customs data released Friday. Exports jumped 7.

TORONTO — A strike that would have nearly shut down Toronto's public transit system has been averted, after the transit workers union and TTC announced a last minute deal following months of negotiations.