National Business

TORONTO — After a year of building up reserves to protect themselves from customers who may default on loans, banks are starting to consider how they might deploy their cash when the COVID-19 pandemic subsides.

TORONTO — The COVID-19 pandemic caused a flurry of consumers to refinance their mortgages as new, low interest rates were offered, but TD Bank Group is seeing signs that the trend is easing up.

CALGARY — The company behind a proposed liquefied natural gas export facility in Nova Scotia is planning a power plant and carbon capture facility at its central Alberta natural gas processing plant that will help offset its LNG project's future carb

CALGARY — A 72-year-old bastion of the Canadian oilpatch is changing its name and mandate in a sign of the times as the world aims to reduce its use of fossil fuels in favour of cleaner, greener forms of energy.

SILVER SPRING, Md. (AP) — Fewer Americans signed contracts to buy homes in April as a lack of supply continues to foil would-be buyers. The National Association of Realtors’ index of pending home sales fell 4.4% to 106.

LUNENBURG, N.S. — Three levels of government are providing funding to help promote the 100th anniversary of the launch of the Bluenose schooner in Nova Scotia. Ottawa, the province and the Town of Lunenburg, N.S.

WASHINGTON (AP) — The U.S. economy grew at a robust annual rate of 6.4% in the first three months of this year, unchanged from the government's initial estimate.

TORONTO — Across the bridge from B.C.'s Granville Island sits a building with 45 apartments atop a Subway restaurant and nail salon. While the Lex might look similar to its neighbours, its soon-to-be investors are hardly the norm.

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens.

WASHINGTON (AP) — U.S. orders for big-ticket manufactured goods dropped unexpectedly in April for the first time in 11 months as a shortage of computer chips disrupted auto production.