National Business

WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.

Canadian Pacific Railway Ltd. struck a confident stance for the coming year after seeing some earnings dip in its latest quarter thanks to a dismal grain crop in 2021 and soaring fuel costs since February.

CALGARY — Cenovus Energy Inc. chief executive Alex Pourbaix said Thursday that inflation has been "manageable" for the energy company so far, but is something he is certainly keeping an eye on.

Restaurants, airlines, schools and nursing homes are at the sharp end of a labour crunch that’s afflicted employers all year long. In June,the unemployment rate fell to a record low of 4.

WASHINGTON (AP) — President Joe Biden declared his support Thursday for the “historic” inflation-fighting agreement struck by Senate Majority Leader Chuck Schumer and holdout Democratic Sen.

LOS ANGELES (AP) — Two documentaries detailing the punishing effects of Russia's war on Ukraine will air on PBS' “Frontline” investigative series.

Postmedia chairman Paul Godfrey is stepping down from his role at the end of the year, the company announced Thursday. Current board member Jamie Irving will step into the job at the start of 2023.

CALGARY — Calfrac Well Services Ltd. reported a lower loss in its most recent quarter as its revenues climbed amid improved pricing and increased activity. The oilfield services company says it lost $6.

LEAMINGTON, Ont. — Tilray Brands Inc. posted a steep loss in its most recent quarter despite higher revenue as it recorded a non-cash impairment. The cannabis company posted a net loss of US$457.

TORONTO — At Patti Barnes' North Vancouver home, her five kids tend to the garden, take out the garbage and look after the family pets.