National Business

WASHINGTON — The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record.

TORONTO — Hydro One Ltd. reported a first-quarter profit of $225 million, up from a profit of $171 million a year ago.

TORONTO — Brookfield Property Partners says it swung to a net loss in the first quarter as it adjusted asset values across its portfolio. The company, a subsidiary of Brookfield Asset Management Inc.

OTTAWA — Canada Mortgage and Housing Corp. says construction of multi-unit housing projects remained strong in some provinces last month despite the fight against the COVID-19 pandemic. CMHC estimates a 10.

OTTAWA — Canada's national unemployment rate was 13.0 per cent in April. Here are the jobless rates last month by province (numbers from the previous month in brackets): — Newfoundland and Labrador 16.0 per cent (11.7) — Prince Edward Island 10.8 (8.

OTTAWA — The national unemployment rate was 13.0 per cent in April. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.

OTTAWA — A quick look at April employment (numbers from the previous month in brackets): Unemployment rate: 13.0 per cent (7.8) Employment rate: 52.1 per cent (58.5) Participation rate: 59.8 per cent (63.

Toronto-Dominion Bank says it expects to take a provision for credit losses related to its U.S. retail banking business of roughly $1.1 billion (US$800 million) in its second quarter due to the pandemic.

MONTREAL — SNC-Lavalin Group Inc. will be free to pull up stakes from Montreal — the seat of its operations for more than a century — come 2024, along the lines of a "Plan B" it submitted to federal prosecutors in 2018.

NEW YORK — Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain.