National Business

CALGARY — Precision Drilling Corp. reported a first-quarter profit of $36.5 million, down from $95.8 million a year ago, as its revenue also edged lower. The company says the profit amounted to $2.

WASHINGTON (AP) — The nation’s economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending.

MONTREAL — Bombardier Inc. reported a first-quarter profit of US$110 million, down from a profit of US$302 million a year earlier, as its revenue fell 12 per cent. The Montreal-based aircraft maker, which keeps its books in U.S.

VANCOUVER — Teck Resources Ltd. reported its first-quarter profit fell compared with a year ago due in part to its reduced ownership in its steelmaking coal business as well as lower copper and zinc prices and higher costs.

The watchdog that handles grievances about telecommunications companies in Canada says complaints about phone, internet and television services were up 43 per cent halfway through its reporting year.

In the last year, Tim Hortons has treated cottaging Canadians to a boat drivethru, revived its beloved Dutchie doughnut and launched flatbread pizzas.

WINNIPEG — The Manitoba government's plan to let people grow cannabis in their homes is being accompanied by a temporary pause on approval of some new retail outlets.

Canada’s largest documentary film festival kicks off Thursday amid ongoing uncertainty over its finances, concerns over a mass staff exodus and a new president who says survival depends on reimagining it as a “leaner, meaner version.

TORONTO — Rogers Communications Inc. is listing its data centres for sale in an effort to raise a billion dollars as the company moves to pay off debt related to the Shaw merger, the company said.

TORONTO — Aecon Group Inc. reported a loss of $6.1 million in its first quarter, compared with a loss of $9.4 million a year earlier. The Toronto-based company says revenue for the quarter ended March 31 totalled $846.6 million, down from $1.