National Business

OTTAWA — The Public Policy Forum says "urgent" action is needed from the Canadian government to level the playing field between news media and tech giants such as Meta and Google amid broad revenue declines in the media industry.

WASHINGTON (AP) — In a buoyant sign for the U.S. economy, businesses stepped up their hiring last month as omicron faded and more Americans ventured out to spend at restaurants, shops and hotels despite surging inflation.

CALGARY — Floods in B.C. and the temporary shutdown of the Trans Mountain pipeline in the fourth quarter of 2021 cost Parkland Corp. approximately $35 million.

CALGARY — The chief executive of MEG Energy Corp. sees "tremendous demand" for Alberta oil due to the war in Ukraine and a European energy crisis.

TORONTO — Venture capital experts say higher interest rates could trim sky-high valuations Canadian startups have grown accustomed to over the last couple of years, but not right away.

TORONTO — A global tech conference being held this summer in Toronto is barring businesses, government officials and media with ties to the Russian government from participating in this year's event.

IQALUIT, Nunavut — Ameela Aqiatusuk lives in a town that has never had what many Canadians take for granted: a bank. “It's really frustrating.

TORONTO — It’s been a tough run for bond markets as investors anticipate central bank interest rate rises like the Bank of Canada’s move this week, but financial advisers say it’s still important to have hedges in your portfolio to balance the risks

TORONTO — Canada's main stock index had its second-best day of the year following strong bank results and hopes that the war in Ukraine will temper aggressive interest rate hikes next month.

CALGARY — Baytex Energy Corp.'s share price soared Friday on news the company has almost reached its net debt target and will institute a share buyback program in the second quarter of this year. The company's stock closed up 14.2 per cent to $5.71.