National Business

Honda is set to build an electric vehicle battery plant next to its Alliston, Ont.

After the death of their father in 2019, Amy Mushinski and her sister Dawn wanted to honour his wish that they keep the Scarborough, Ont., home they inherited rather than selling it to a new owner.

NEW YORK (AP) — Stocks are tumbling after a report suggesting flagging economic growth and still-high inflation hurt hopes that have kept Wall Street high recently. A sharp drop for Facebook parent Meta Platforms also dragged the market lower.

WASHINGTON (AP) — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.

OKOTOKS, Alta. — Mullen Group Ltd. reported its first-quarter profit fell compared with a year ago as it saw a softening in demand, accompanied by competitive market conditions.

In the last year, Tim Hortons has treated cottaging Canadians to a boat drivethru, revived its beloved Dutchie doughnut and launched flatbread pizzas.

CALGARY — Precision Drilling Corp. reported a first-quarter profit of $36.5 million, down from $95.8 million a year ago, as its revenue also edged lower. The company says the profit amounted to $2.

MONTREAL — Bombardier Inc. reported a first-quarter profit of US$110 million, down from a profit of US$302 million a year earlier, as its revenue fell 12 per cent. The Montreal-based aircraft maker, which keeps its books in U.S.

VANCOUVER — Teck Resources Ltd. reported its first-quarter profit fell compared with a year ago due in part to its reduced ownership in its steelmaking coal business as well as lower copper and zinc prices and higher costs.

The watchdog that handles grievances about telecommunications companies in Canada says complaints about phone, internet and television services were up 43 per cent halfway through its reporting year.