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.

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.

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.

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.

WASHINGTON (AP) — The U.S. economy surprisingly accelerated to a 2.

The number of Americans applying for jobless benefits slid last week to its lowest level in five months, further evidence that the U.S. labor market continues to defy the Federal Reserve's attempts to cool it off. U.S.

TORONTO — Canada's main stock index was down almost 200 points Thursday amid broad-based weakness led by telecom and utilities stocks, while U.S. markets also moved lower.