National Business

CALGARY — Crescent Point Energy Corp. says its $900-million acquisition of Shell Canada's Kaybob Duvernay assets in 2021 has performed so well that the assets will have paid for themselves by the end of the first quarter of 2023.

OTTAWA — The Parliamentary Budget Office has trimmed its forecast for economic growth this year. The PBO's latest economic and fiscal outlook predicts the economy will grow by 1.0 per cent this year followed by 1.6 per cent in 2024.

CALGARY — Canadian Natural Resources Ltd.'s profits took a hit in the fourth quarter of 2022 as extreme winter weather forced the oilsands giant to reduce production. The Calgary-based company reported Thursday that it earned $1.52 billion or $1.

TORONTO — An industry coalition is calling on Ottawa to broaden its trusted traveller pilot program and roll it out across the country.

TORONTO — DesRosiers Automotive Consultants Inc. says light vehicle sales in Canada were up 5.1 per cent in Februrary from a year earlier. The automotive industry research firm estimates 103,771 new light vehicles were sold in the month.

VANCOUVER — The Real Estate Board of Greater Vancouver says February's home sales were up 76.9 per cent from January, but down 47.2 per cent from the year before.

EDMONTON — CWB Financial Group reported its first-quarter profit rose compared with a year ago, helped by a reversal of a previously recognized impaired loan writeoff.

TORONTO — You've just made it into the office, when your boss brings you into a meeting room, where you find someone from human resources about to deliver you bad news: your company is carrying out layoffs and you're on the list.

The number of people applying for unemployment benefits in the U.S. fell for third straight week.

FRANKFURT, Germany (AP) — Inflation eased only slightly in the 20 countries that use the euro currency as the pain from higher costs for food and fuel persists and gives the European Central Bank no reason to slow interest rate increases aimed at get