National Business

NEW YORK (AP) — Kansas City Southern has abandoned its agreement to be acquired by Canadian Pacific, choosing instead a competing bid from Canadian National Railway with a bigger price tag, but also greater regulatory risks.

OTTAWA — Retail sales rose 3.6 per cent to $57.6 billion in March as COVID-19 restrictions relaxed in some parts of the country, but Statistics Canada said a preliminary estimate pointed to a drop in April as the rules were tightened again.

MONTREAL — Hydro-Quebec says the Canada Energy Regulator has issued the permit authorizing the construction and operation of the Appalaches–Maine Interconnection line.

NEW DELHI (AP) — An Indian trial court on Friday acquitted the founder and editor of an investigative magazine of the charge of sexually assaulting a female journalist in the elevator of a five-star hotel nearly eight years ago.

VANCOUVER — A British Columbia First Nations coalition says it's disappointed by the news that a second major investor is looking to sell its shares in the Kitimat Liquefied Natural Gas development. Woodside Petroleum Ltd.

NEW YORK (AP) — Musical luminaries including Nas, LL Cool J, and Fat Joe came out Thursday to the birthplace of hip-hop for a ground-breaking ceremony to launch the capital campaign for the new Universal Hip Hop Museum.

TORONTO — It's agreed that Canadians should pay less for wireless and internet services but it's difficult to keep prices low for long without investing in networks, CRTC chairman Ian Scott said Thursday.

CALGARY — Shaw Communications Inc. shareholders voted Thursday in favour of a proposed sale of the company to Rogers Communications Inc. for $26-billion, including debt.

TORONTO — Centerra Gold Inc. says it is suing the man named Tuesday by the government of the Kyrgyz Republic as general manager of the Kumtor gold mine.

LONDON (AP) — Prince William and his brother Prince Harry on Thursday issued strongly worded statements criticizing the BBC and British media for unethical practices after an investigation concluded that one of the broadcaster's journalists used “dec