National Business

ST. JOHN'S, N.L. — An oilfield off the southeast coast of Newfoundland that hasn't produced crude since 2019 is facing more setbacks.

TORONTO — The Canada Mortgage and Housing Corp.

DUBAI, United Arab Emirates (AP) — Iran's navy seized a Marshall Islands-flagged oil tanker in the Gulf of Oman on Thursday amid wider tensions over Tehran's nuclear program, the latest-such capture in a waterway crucial for global energy supplies.

TORONTO — Hudson’s Bay is closing its Kleinfeld Bridal location, nearly 10 years after opening the upscale wedding gown salon at its flagship Toronto department store.

OTTAWA — Getting an income tax refund can be a happy bonus for your household budget, but an unexpected tax bill can be an unpleasant surprise, especially if you don't have the cash on hand to pay it.

WASHINGTON (AP) — The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.

Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy.

TORONTO — The Liquor Control Board of Ontario says it will phase out paper bags at its retail stores, a move the provincial agency says will save the equivalent of 188,000 trees each year.

TOKYO (AP) — Asian shares mostly fell Thursday, echoing the drop on Wall Street, as worries about the U.S. banking sector and inflationary pressures weighed on investor sentiment. Japan's benchmark Nikkei 225 declined 0.

TALLAHASSEE, Fla. (AP) — Disney sued Florida Gov. Ron DeSantis on Wednesday over the Republican's takeover of its theme park district, alleging the governor waged a "targeted campaign of government retaliation" after the company opposed a law critics call “Don't Say Gay.”