National Business

TORONTO — An analysis of 12 of the largest Canadian commercial real estate markets shows developers have shifted their focus toward purpose-built rental construction, some at the expense of new residential condominiums and commercial buildings.

SpaceX’s mega Starship rocket completed its first full test flight Thursday, returning to Earth without exploding after blasting off from Texas.

FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate Thursday by a quarter-point, moving ahead of the U.S.

The number of Americans applying for jobless claims rose last week, but layoffs remain at healthy levels despite lingering inflation and high interest rates.

CALGARY — The structures division of ATCO Ltd. has signed a deal to buy NRB Ltd., a maker of modular buildings, for $40 million in cash. ATCO says the acquisition of NRB is part of its plan to expand its manufacturing, operations and sales footprint.

WATERLOO, ONT. — BlackBerry Ltd. and its chief executive John Giamatteo have asked a U.S.

REGINA — Saskatchewan's auditor says the province's carbon levy program for industrial emitters lacks public transparency, with no information on whether it's helping reduce emissions or providing economic spinoffs.

VANCOUVER — Lululemon Athletica Inc.'s chief executive says the company's year got off to "a slower start" as it navigated "ongoing choppiness" in the consumer environment, but the company still managed to boost its profit and revenues.

FORT NELSON — A company that operates a natural gas plant in Fort Nelson, B.C., is suspending operations because of a reduction in gas volumes, which also reduces the city's access to electrical and gas services.

MONTREAL — Transcontinental Inc. says its net earnings attributable to shareholders were $15.9 million, down from $22.2 million a year earlier. The Montreal-based printer, packager and publisher says revenues were $683.2 million, down from $747.