National Business

OTTAWA — Housing Minister Sean Fraser announced the launch of a $1.5-billion co-operative housing development program that the federal government promised in its 2022 budget.

A new report says the average asking rent for a home in Canada hit a record $2,202 in May, up 9.3 per cent compared with a year ago and 0.6 per cent from the previous month. The report by Urbanation and Rentals.

MONTREAL — Transat A.T. Inc. felt the headwinds of stiff competition, engine recalls and the threat of a union strike last quarter, which together conspired to drain more money from the struggling tour operator.

TORONTO — Bell Media's 10 free ad-supported streaming channels will launch on new platforms this year.

VICTORIA — The British Columbia Coroners Service says 182 people died in April from drug overdoses.

U.S. antitrust enforcers have decided to investigate the roles Microsoft, Nvidia and OpenAI have played in the artificial intelligence boom , according to people familiar with the pending actions.

CALGARY, ALBERTA, CANADA — Residents in Calgary were directed Thursday not to take showers or baths and some were told to boil their water as the city grappled with a major water main break.

CAPE CANAVERAL, Fla. (AP) — Boeing’s new capsule arrived at the International Space Station on Thursday, delayed by last-minute thruster trouble that almost derailed the docking for this first test flight with astronauts .

OTTAWA — American streaming companies are being unfairly targeted by a new Canadian fee that "disproportionately" serves interests north of the border, the United States is charging.

Visitors injected billions of dollars into Toronto’s economy last year, a new study finds, but tourists have yet to return to pre-pandemic levels amid signs of slowing growth. Some 26.5 million visitors arrived in 2023 and spent $8.