National Business

TORONTO — RioCan Real Estate Investment Trust is seeing strong demand for retail space, even as companies work to recover from the effects of COVID-19 and cope with rising inflation.

TORONTO — The world-renowned Michelin Guide is booking a table in Toronto. The gourmand bible says it's making Toronto the first Canadian destination for its star-rated restaurant review system.

LAVAL, Que. — Bausch Health Companies Inc. stock plummeted by a quarter Tuesday morning after the company missed earnings expectations and lowered its outlook for the year. The plunge of $4.04, or 24.08 per cent, to $12.

LONDON (AP) — Britain’s Conservative government set out its agenda for the next year on Tuesday with sweeping promises to cut crime, improve health care and revive the U.K.

In early April, Kelsey Cruz did what many are doing at this time of low unemployment and high demand for talent, she left a job she loved for another that promised her new challenges and a higher salary.

CALGARY — The Canadian Association of Energy Contractors is raising its forecast for oil and natural gas drilling following what it said was a robust first quarter due to stronger than expected oil and gas prices.

MARKHAM, Ont. — Pet Valu Holdings Ltd. reported first-quarter profit of $22.6 million, up from $3.4 million a year ago, and raised its full-year revenue outlook.

TORONTO — Wattpad Corp.'s founder says he is stepping away from his chief executive officer role about a year after the company was acquired by a South Korean internet conglomerate.

TORONTO — George Weston Ltd. raised its dividend by 10 per cent as it reported a profit attributable to shareholders in its latest quarter compared with a loss a year ago. The company, which owns large interests in Loblaw Companies Ltd.

BARCELONA, Spain (AP) — Spain's government fired the director of the country's top intelligence agency Tuesday following the hacking of politicians’ cellphones, including the devices of the prime minister and several supporters of the Catalonia regio