National Business

OTTAWA — The Competition Bureau says Canadian Natural Resources Ltd. has agreed to sell 75 per cent of its interest in its Seiu Lake natural gas processing plant to address competition concerns related to its proposed acquisition of Schlumberger N.V.

OTTAWA — Statistics Canada says retail sales rose 0.3 per cent to $70.1 billion in April, helped by gains in sales at new and used car dealers, however economists say they expect a slowdown ahead.

CALGARY — Strathcona Resources Ltd. says MEG Energy Corp. has made errors and misleading statements in its justifications for rejecting its unsolicited takeover bid.

TORONTO — When the hybrid Nintendo Switch console hit the market in 2017, the bold new system had a bold new game to match.

RICHMOND HILL — Mazda Canada Inc. says president and chief executive David Klan will retire later this year. He will be succeeded by Amy Fleming, the company's chief operating officer, effective Oct. 1.

TORONTO — An agreement Hudson’s Bay signed to sell about two dozen leases to a B.C. entrepreneur has encountered a major barrier, new court filings show: landlords who own the properties are overwhelmingly opposed to her moving in.

PAYNTON — Cenovus Energy Inc. is facing questions over a well leak at a thermal facility in western Saskatchewan, where an area resident says some are concerned about their health.

TORONTO — Ontario Premier Doug Ford has apologized for saying First Nations should not keep coming "hat in hand" to the government if they say no to mining projects, a comment many First Nation leaders called racist.

Canada's main stock index ended lower on Thursday as investors continued to chew on the latest interest rate announcement out of the U.S. and the ripple effects of the Israel-Iran conflict. The S&P/TSX composite index was down 53.

The Ontario government says it's introducing two financial assistance programs to help municipalities and businesses recover from a severe March ice storm.