National Business

TORONTO — The head of the Royal Bank of Canada says the federal government should be cautious about overspending in its forthcoming budget.

TORONTO — The owner of Canada's largest group of newspapers earned $700,000 in net profits in its second quarter, an improvement from the same time a year before despite a 21-per-cent revenue decline. Toronto-based Postmedia Network Canada Corp.

VICTORIA — The Canadian Press erroneously reported April 6 that more than 54,000 light-duty electric vehicles were sold in B.C. last year. In fact, more than 54,000 light-duty electric vehicles are now registered in B.C. The Canadian Press

Americans are travelling in the greatest numbers in more than a year, and soon they will have two new leisure-oriented airlines to consider for those trips.

TORONTO — The head of Canadian Imperial Bank of Commerce says policy-makers should dramatically increase the country's housing supply, as sales and prices soar to record levels in cities including Toronto and Vancouver.

MONTREAL — Dollarama Inc. says the Rossy family, which founded the company, is selling a total of 2.2 million shares in the discount retailer. The company says GRI Investments Inc.

SCOTTSDALE, Ariz. — When COVID-19 shutdowns hit in March 2020, Mike Winneker, a hotel executive sous chef, found himself without work for the first time in years.

VICTORIA — Indigenous, provincial and federal leaders have worked beside industry and environmental groups to create a new conservancy in an area of northwestern British Columbia sacred to the Tahltan Nation.

OTTAWA — The devil is in the details and your income tax return is no exception.

WASHINGTON — The number of Americans applying for unemployment benefits rose last week to 744,000, signalling that many employers are still cutting jobs even as more people are vaccinated against COVID-19, consumers gain confidence and the government