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National Business
National Business
US economy shrank 0.5% in the first quarter, worse than earlier estimates had revealed
WASHINGTON (AP) — The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported Thursday in an unexpected deterioration of earlier estimates.
Jun 26, 2025 10:18 AM
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Ottawa's foreign aid chief eyes red tape, visibility as Canada resists cutbacks
OTTAWA — The MP overseeing foreign aid says Canada must take a more efficient, more visible approach to development and humanitarian assistance to make the case for maintaining aid spending as the United States pulls back.
Jun 26, 2025 10:14 AM
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Manitoba plan to upgrade intersection where bus crash killed 17 faces opposition
CARBERRY — Bureaucrats and consultants got an earful from local residents Wednesday night as they presented their preferred safety upgrade to a highway intersection where a crash killed 17 people in 2023.
Jun 26, 2025 10:00 AM
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Key Medicaid provision in Trump's tax cut and spending bill is found to violate Senate rules
WASHINGTON (AP) — The Senate parliamentarian has advised that a Medicaid provider tax overhaul central to President Donald Trump's tax cut and spending bill does not adhere to the chamber's procedural rules, delivering a crucial blow as Republicans r
Jun 26, 2025 9:02 AM
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Couche-Tard CEO sees speedier timeline in potential deal for 7-Eleven owner
Alimentation Couche-Tard Inc. executives say the recent process they've adopted to try to buy the owner of 7-Eleven has helped negotiations and perhaps even sped things up. The Laval, Que.
Jun 26, 2025 8:41 AM
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Corus Entertainment cuts employee costs by 7% in Q3 as TV revenue struggles continue
TORONTO — Corus Entertainment Inc. slashed seven per cent of employee costs in its most recent quarter, as the company says it will continue to look for savings amid an advertising revenue slump.
Jun 26, 2025 8:06 AM
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States can cut off Medicaid funding to Planned Parenthood, the Supreme Court rules
WASHINGTON (AP) — A divided Supreme Court allowed states to cut off Medicaid money to Planned Parenthood in a ruling handed down Thursday amid a wider Republican-backed push to defund the country’s biggest abortion provider.
Jun 26, 2025 7:58 AM
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Renting out your car or backyard to generate extra cash? What to know about insurance
Whether it's camping equipment, your backyard or a vehicle, the peer-to-peer sharing market has boomed in recent years.
Jun 26, 2025 7:00 AM
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OSFI keeps domestic stability buffer on hold at 3.5 per cent
OTTAWA — The federal banking regulator says the amount of money Canada's big banks must keep on hand in case of economic shock will stay at its current level.
Jun 26, 2025 6:33 AM
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Fewer Americans sought unemployment benefits last week as layoffs remain low
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week , the Labor Department said Thursday, a sign that companies aren’t cutting many jobs.
Jun 26, 2025 6:15 AM
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