National Business

MONTREAL — Sales of Canadian products are outpacing the rest of Metro's wares, with the gap accelerating in recent weeks, said the chief executive of the grocery retailer.

OTTAWA — The Bank of Canada held its key policy rate steady at 2.75 per cent on Wednesday. Here is the text of the central bank's decision: ——— The Bank of Canada today maintained its target for the overnight rate at 2.

OTTAWA — The Bank of Canada left its benchmark interest rate unchanged Wednesday as it waits to get a clearer picture of how global trade uncertainty is going to impact the Canadian economy. The central bank held its policy rate steady at 2.

NEW YORK (AP) — Nvidia is pulling Wall Street lower after it said new restrictions on exports to China will chisel billions of dollars off its results, but other U.S. stocks are holding a bit steadier. The S&P 500 was down 0.

NEW YORK (AP) — U.S. shoppers stepped up their shopping last month, fueled by a spending spree on big ticket items from gadgets to cars before President Donald Trump’s expansive new tariffs started kicking in. Retail sales rose 1.

CALGARY — Parkland Corp. says chief executive Bob Espey has told its board of directors that he plans to step down from the top job. The change comes as the company's largest shareholder tries to replace a majority of the board.

OTTAWA — Canada's competition regulator has opened a review of a deal involving retailer Mountain Equipment Co. Ltd. and TGI Holding Inc. It was not immediately clear who owns TGI Holding or what a deal would mean for MEC.

BANGKOK (AP) — China's economy expanded at a 5.4% annual pace in January-March, the government said Wednesday, supported by strong exports ahead of U.S. President Donald Trump’s rapid increases in tariffs on Chinese products.

TAIPEI, Taiwan (AP) — China appointed a new trade negotiator Wednesday in the midst of its tariff fight with the U.S.

FORT ST. JOHN — A contractor has been killed and another person hurt in a fire in a gas plant north of Fort St. John, B.C. Alberta-based Tourmaline Oil, which runs the Gundy oil and gas extraction facility in Wonowon, B.C.