National Business

COLOMBO, Sri Lanka (AP) — Sri Lanka's president declared a state of emergency Friday giving him broad authority amid widespread public protests demanding his resignation over the country's worst economic crisis in recent memory.

CALGARY — When David Hyink checks on his barns each day, he does so with a sense of trepidation.

Telus Corp.

WASHINGTON (AP) — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs.

MONTREAL — Dorel Industries Inc. shares plunged nine per cent as the Montreal-based company lost money for a third-straight quarter on continued supply chain issues and high inflation.

HAMILTON — Stelco Holdings Inc. beat expectations as it reported a strong quarter despite a challenging start to the year. The Hamilton-based steel maker says its net income for the first quarter more than doubled to $262 million or $3.

HALIFAX — Nova Scotia’s two largest airports are getting $19.3 million in provincial funding to attract new airline routes.

TORONTO — Prospective buyers who have grown tired of going up against dozens of competitors to purchase a home are starting to get some relief from the frenzy seen over the past two years.

HALIFAX — The head of Chorus Aviation Inc. says travellers are returning to the skies en masse, leaving the company poised to benefit after feeling the pinch of COVID-19's fifth wave last quarter.

CALGARY — Pipeline giant Enbridge Inc. will accelerate investments in low-carbon technologies as the war in Ukraine drives global concerns about energy supply and security, chief executive Al Monaco said Friday.