National Business

CALGARY — TC Energy Corp. is reporting a first-quarter net loss of $1.1 billion after taking a $2.2-billion after-tax asset impairment charge on its cancelled Keystone XL export oil pipeline.

TORONTO — The Ontario Securities Commission is moving to ban deferred sales charges on mutual funds — a move that will harmonize the watchdog's policy on such fees with the rest of the country.

VANCOUVER — Telus Corp. chief executive Darren Entwistle said Friday that the telecommunications company will be able to reduce capital spending to $2.5 billion a year or less in 2023, after an accelerated investment plant announced this week.

EDMONTON — Premier Jason Kenney is urging the federal government to push hard to bring surplus COVID-19 vaccines in from the United States.

Joyce Garant has worked since she was 15 years old. Her first job was as a hostess for McDonald's before she became a dress store manager. Then in 1987, she was hired at the Hudson's Bay in her hometown of Windsor, Ont.

TORONTO — Quarterly reports from Rogers, Bell Canada and Telus show their average monthly billing per mobile phone user was down in early 2021 compared with last year's first quarter.

PORTO, Portugal — European Union leaders and their large following of diplomats and advisers met Friday in Portugal for two days of in-person talks, signalling their belief that the threat from COVID-19 on the continent is waning amid a quickening va

In a May 6 Money Monitor about home renovations amid high lumber costs, The Canadian Press used the description "fibreglass-based panels" in the 13th paragraph. A more specific description of the OSB alternative is "fibreglass-faced gypsum panels.

CALGARY — The CEO of Cenovus Energy Inc. says more than half of the job cuts from its takeover of rival Husky Energy Inc.

Air Canada called on Ottawa to ease travel restrictions as the airline, which reported a first-quarter loss of $1.3 billion, plans for its post pandemic recovery. "The current mandatory hotel quarantine for arrivals has proven ineffective.