National Business

OTTAWA — The Canadian economy added 35,000 jobs in March amid strong population growth, keeping the unemployment rate steady at near record lows, even as the economy wrestles with high interest rates.

TORONTO — Canadians are continuing to spend on holidays and non-essential services, but are cutting back on restaurants and goods, according to the findings in a new report from Royal Bank of Canada.

WASHINGTON (AP) — The International Monetary Fund chief said Thursday the world economy is expected to grow less than 3% this year, down from 3.4% last year, increasing the risk of hunger and poverty globally.

EDMONTON — Alberta Investment Management Corp. reported a loss of 3.4 per cent for 2022 as it faced declines in both public equities and fixed-income markets last year.

As fossil fuel emissions continue warming Earth’s atmosphere, the Biden administration is turning to hydrogen as an energy source for vehicles, manufacturing and generating electricity.

MADISON HEIGHTS, Mich. (AP) — You may have already seen them in restaurants: waist-high machines that can greet guests, lead them to their tables, deliver food and drinks and ferry dirty dishes to the kitchen.

A wave of layoffs in 2022, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says March home sales hit a new low for the month, but it's seeing signs that such declines are shrinking.

The number of Americans seeking unemployment aid was higher over the past few months than the government had initially reported, reflecting a modest rise in layoffs as the economy has slowed in the face of higher interest rates.

VANCOUVER — Absolute Software Corp. is cutting about 40 jobs as part of a restructuring plan to reduce its operating expenses. The security software company says the job cuts represent about five per cent of its workforce.