National Business

WASHINGTON (AP) — Americans increased their spending by 0.5% in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks. Even with the pullback from a 4.

CALGARY — Vancouver-based CanWel Building Materials Group Ltd. says it will change its name to Doman Building Materials Group Ltd. effective Monday.

CALGARY — Interfor Corp. is forging ahead with a strategy fuelled by record high prices to grow its lumber production in the United States as the U.S. moves to increase softwood lumber duties on Canadian imports to protect its domestic producers.

KUALA LUMPUR, Malaysia (AP) — Malaysia's prime minister says a total coronavirus lockdown will be imposed in the country, with all business and economic activities to be halted for two weeks to contain a worsening outbreak.

EDMONTON — CWB Financial Group topped expectations as it reported its second-quarter profit rose 40 per cent compared with a year ago.

CALGARY — Calfrac Well Services Ltd. has won its legal battle with a Texas rival that mounted an unsuccessful takeover attempt after the Supreme Court of Canada declined to hear an appeal.

TORONTO — In a victory for large internet and phone companies, Canada's telecommunications regulator has reversed a 2019 decision to drop wholesale internet rates.

OTTAWA — The new CEO and president of the Canada Mortgage and Housing Corp. says she believes achieving the organization's goal of facilitating attainable housing for all Canadians by 2030 will be more difficult because of the pandemic.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,774.41, up 28.94 points.) Ivanhoe Mines Ltd. (TSX:IVN). Materials. Up 10 cents, or 1.09 per cent, to $9.28 on 42.8 million shares.

TORONTO — Canada's main stock index inched closer to the historic 20,000-point mark on gains from the energy sector as crude prices rose to a two-and-a-half-year high. The S&P/TSX composite index closed up 28.94 points to 19,774.