National Business

OTTAWA — The federal government posted a budgetary surplus of $1.5 billion in April and May, the first two months of the 2023-24 fiscal year. In its monthly fiscal monitor, the Finance Department says the result compared to a surplus of $5.

OTTAWA — The Canadian economy grew by 0.3 per cent in May despite downward pressure from wildfire-hit oil and gas production but it looks to have slowed in June, Statistics Canada said Friday.

Montreal’s new light-rail train network stands out among major transit projects in Canada: it opened within a relatively short time frame and government didn't get in the way.

TORONTO — CPE Analytics says Canadian venture capital funding rose in the second quarter following a pullback in the first three months of 2023, but funding levels for the first half of the year are still well off what they were for the first six mon

The B.C. port workers' strike deprived Canadian Pacific Kansas City Ltd. of scores of millions of dollars, its chief marketing officer said, tacking on a costly coda to a tough quarter.

WASHINGTON — Canada is urging the United States to make a good-faith effort at negotiating an end to the interminable bilateral dispute over softwood lumber. International Trade Minister Mary Ng is making the overture after a fresh U.S.

CALGARY — TC Energy Corp. has announced plans to split into two separate companies by spinning off its crude oil pipelines business.

CALGARY — TC Energy Corp. reported its second-quarter profit tumbled compared with a year ago as it announced it's splitting the company into two.

MONTREAL — The Quebec government says it will ban people convicted of a number of crimes, including money laundering and forgery, from stepping foot in government-owned casinos.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,385.47, down 176.17): Cenovus Energy Inc. (TSX:CVE). Energy. Up 65 cents, or 2.73 per cent, to $24.46 on 9.1 million shares.