National Business

WASHINGTON (AP) — The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.

Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy.

TORONTO — The Liquor Control Board of Ontario says it will phase out paper bags at its retail stores, a move the provincial agency says will save the equivalent of 188,000 trees each year.

TOKYO (AP) — Asian shares mostly fell Thursday, echoing the drop on Wall Street, as worries about the U.S. banking sector and inflationary pressures weighed on investor sentiment. Japan's benchmark Nikkei 225 declined 0.

TALLAHASSEE, Fla. (AP) — Disney sued Florida Gov. Ron DeSantis on Wednesday over the Republican's takeover of its theme park district, alleging the governor waged a "targeted campaign of government retaliation" after the company opposed a law critics call “Don't Say Gay.”

KAMLOOPS, B.C. — The BC Financial Services Authority has issued its largest penalty to date against a Kamloops, B.C., woman who it says failed to comply with an order to stop unlicensed rental property management services.

CALGARY — Fresh from a historic merger, Canadian Pacific Kansas City president and CEO Keith Creel says the company is focused on a disciplined integration into a railway network that he believes will become "the most relevant in North America.

WASHINGTON (AP) — House Republicans narrowly passed sweeping legislation Wednesday that would raise the government's legal debt ceiling by $1.

Teck Resources Ltd.'s move to cancel a key shareholder vote on its plan to separate its businesses may be seen as a win for Glencore in its ongoing campaign to acquire the Vancouver-based mining company.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,366.72, down 73.15): Cenovus Energy Inc. (TSX:CVE). Energy. Down 86 cents, or 3.71 per cent, to $22.32 on 9.7 million shares.