National Business

OTTAWA — Canada's annual inflation rate was 4.3 per cent in March, Statistics Canada says.

OTTAWA — Canada's national annual inflation rate was 4.3 per cent in March, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 3.4 per cent (5.4) — Prince Edward Island: 3.

TORONTO — GSK plc has announced a deal to buy Canadian drug developer Bellus Health Inc. for US$2 billion. Under the agreement, GSK will pay US$14.75 per Bellus share in cash. Bellus shares closed at US$7.26 on the Nasdaq market on Monday.

KYIV, Ukraine (AP) — Russian President Vladimir Putin visited command posts of the Kremlin’s forces fighting in Ukraine, officials said Tuesday, as the war approaches its 14th month and Kyiv readies a possible counteroffensive with Western-supplied w

OTTAWA — An Indigenous-owned investment firm is partnering with the Canada Mortgage and Housing Corporation to build several hundred homes for Indigenous communities. Keewaywin Capital Inc.

KARUIZAWA, Japan (AP) — Top diplomats from the Group of Seven wealthy democracies vowed a unified front against Chinese threats to Taiwan and Russia's war of aggression in Ukraine, saying at the close of their meetings Tuesday that they were committe

BEIJING (AP) — China’s gross domestic product grew 4.5% in the first quarter of the year, boosted by increased consumption and retail sales, after authorities abruptly abandoned the stringent “zero-COVID” strategy. The growth in the world’s No.

OTTAWA — Costco has not sought to increase its profits amid rapidly rising grocery prices in Canada, said Pierre Riel, the executive vice-president and chief operating officer of Costco Wholesale International and Canada

CALGARY — Alberta's Opposition NDP is promising up to $200 million to create a post-secondary campus in downtown Calgary if it wins the upcoming election.

CALGARY — The hostile takeover of Canada's largest diversified mining company by a foreign entity would weaken this country's chances of becoming a leader in critical minerals, according to industry watchers.