National Business

OTTAWA — The annual pace of housing starts, excluding Quebec, in May fell 20.4 per cent compared with April, Canada Mortgage and Housing Corp. said Monday.

LONDON — Energy producer BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the oil and gas industry.

REGINA — People living in northern Saskatchewan can start travelling in the region today, and others can head to their cottages in the area.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Housing starts Canada Mortgage and Housing Corp. will release preliminary housing start data for May on Monday.

DUBAI, United Arab Emirates — OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to encourage stability in energy markets hard hit by the coronavirus-induced gl

CAPE CANAVERAL, Fla. — SpaceX’s debut astronaut launch is the biggest, most visible opening shot yet in NASA’s grand plan for commercializing Earth’s backyard.

BANGOR, Maine — President Donald Trump rolled back protections Friday at a marine conservation area off the New England coast, signing an order to allow commercial fishing in a stretch of water environmentalists say is critical for endangered right w

VICTORIA — The jobless rate in British Columbia continues to climb, increasing to 13.4 per cent last month, but Finance Minister Carole James says there are signs of growing confidence.

The Trump administration said Friday it will let Chinese airlines operate a limited number of flights to the U.S., backing down from a threat to ban the flights. The decision came one day after China appeared to open the door to U.S.

OTTAWA — The federal government will delay a planned auction of 3,500-megahertz wireless spectrum by six months, a move that could affect how the Canadian telecom industry rolls out fifth-generation network services.