National Business

TORONTO — Rogers Communications Inc. says the Competition Bureau's opposition to its proposed takeover of Shaw Communications Inc. is not supported by the evidence.

TORONTO — North American stock markets gave back some of the previous day's gains after a slowing but still hot U.S. jobs report reinforced expectations that the Federal Reserve will proceed with aggressive interest rate hikes.

WASHINGTON (AP) — U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and rising interest rates.

NEW YORK (AP) — Stocks ended another bumpy week with more losses Friday as investors considered the downside of the still-strong U.S. jobs market. The S&P 500 fell 1.6%, marking its eighth losing week in the last nine.

CALGARY — Seeding delays across much of the prairies are raising concerns about potentially lower crop yields in a year when Canadian farmers are under pressure to deliver a strong harvest.

MONTREAL — The head of BRP Inc. says supply chain woes crimped sales in its latest quarter, with more input obstacles expected on the Ski-Doo maker's path for the rest of the year.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says a slowdown continued to take shape in Montreal last month as home sales dropped by nine per cent since last year.

TORONTO — The Greater Toronto Area housing market is becoming more balanced as May home sales dropped 39 per cent from a year earlier and prices rose almost 10 per cent, the Toronto Regional Real Estate Board said Friday.

TORONTO — Globalive Capital says it has gone straight to Shaw Communications Inc. with its $3.75 billion offer for wireless carrier Freedom Mobile due to a lack of engagement from Rogers Communications Inc.

FREDERICTON — The federal government said Friday it will invest $55 million to expand high-speed internet in several rural, remote and Indigenous communities in New Brunswick.