National Business

MONTREAL — The head of CGI Inc. says bookings by U.S. government clients dropped sharply in its latest quarter amid economic uncertainty and a spending crackdown by a task force led by billionaire Elon Musk.

VICTORIA — The British Columbia government has granted short-term rental platforms an extra month to confirm their listings are legal.

KYIV, Ukraine (AP) — Ukraine is ready to sign an agreement that would give the U.S.

Uncertainty about both the rapidly changing U.S. trade policy and the impact it’s having on the Canadian economy dominated discussion by the Bank of Canada governing council in the lead-up to its interest rate hold earlier this month.

The chief executive of Capital Power Corp. said a key focus in the months ahead will be digesting two soon-to-be purchased U.S. natural gas power plants.

The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump's trade wars disrupted business.

Loblaw Cos. Ltd. says it's still working to stock its grocery store shelves with more Canadian products as shoppers look for local alternatives during the Canada-U.S. trade war, but the company's chief executive admits the shift may not last.

CALGARY — A prominent shareholder advisory firm says a dissident investor has not cleared the bar to justify taking control of Parkland Corp.'s board of directors, but there is a case for change.

SAULT STE. MARIE — Algoma Steel Group Inc. says Canada's steel market is under increasing pressure from weakening prices brought on by tariffs and imports, but that its major retrofit of its furnace system should help with costs ahead.

TORONTO — Canada's main stock index was down in late-morning trading along with U.S. markets as data from the first quarter showed weakening economic conditions. The S&P/TSX composite index was down 202.74 points at 24,670.92.