National Business

OTTAWA — Canadian interest rates don't have to match U.S. or global rates, Bank of Canada governor Tiff Macklem says, but they need to stay within a certain ballpark.

OTTAWA — Canada posted a merchandise trade deficit of $2.3 billion in March, its largest deficit since June last year, Statistics Canada said Thursday.

CALGARY — Canadian Natural Resources Ltd.

CALGARY — Paramount Resources Ltd. raised its dividend by 20 per cent as it reported a first-quarter profit of $68.1 million. The oil and gas producer says it will now pay a monthly dividend of 15 cents per share, up from 12.5 cents per share.

TORONTO — DesRosiers Automotive Consultants Inc. says April car sales were up 14 per cent compared with the same month last year, though they're still below levels seen pre-pandemic.

TORONTO — An innovative funding model for community groups could grow to become more mainstream through better co-ordination and awareness, said a new report out Thursday.

TORONTO — Traditional wealth management firms are at an increasing risk of losing younger clients, particularly as new rules to make investment fees more transparent loom, a new survey shows. An investor satisfaction study released Thursday by J.D.

TORONTO — Thomson Reuters Corp. reported lower profits but a rise in revenue in its first quarter as it also modestly raised its expectations for revenue growth for the year. The company says it now expects total revenue growth for 2024 of between 6.

NEW YORK (AP) — The final cost of the New York Mets’ sorry 2023 season has been totaled: $420 million. Major League Baseball finalized its payroll figures for last year, and the Mets finished at a record $319.5 million.

VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in April rose 3.3 per cent from the previous year, but total sales were still well below the 10-year average for the month.