National Business

CALGARY — British energy giant BP is exiting the Alberta oilsands to focus on offshore oil development instead.

OTTAWA — Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021 as incomes grew faster than debt.

DUBAI, United Arab Emirates (AP) — The United Arab Emirates on Monday banned the upcoming Pixar animated feature “Lightyear" from showing in movie theaters after its inclusion of a kiss between two lesbian characters.

TORONTO — Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada.

TOKYO (AP) — Japan’s parliament approved tougher penalties for criminal defamation Monday in a move prompted by a bullied wrestler's suicide and that is raising free speech concerns.

PARIS (AP) — French President Emmanuel Macron’s centrist alliance is expected to keep its parliamentary majority after the first round of voting Sunday, but will likely have far fewer seats than five years ago, according to projections.

Move over Maverick, the dinosaurs have arrived to claim their throne. “Jurassic World: Dominion” took a mighty bite out of the box office with $143.4 million in North American ticket sales, according to studio estimates Sunday.

TORONTO — The long wait for shorter wait times on resolving bank complaints is almost over as part of a raft of updates to banking regulations set to come into force.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Household debt: Statistics Canada will release its household debt data for the first quarter on Monday.

COLOMBO, Sri Lanka (AP) — Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis , the newly appointed prime minister said.