National Business

CALGARY — Strathcona Resources Ltd. has signed a series of three agreements to sell its assets in the Montney region valued at a total of $2.84 billion. The company says once the deals are complete it will be a pure-play heavy oil company.

MONTREAL — Nuclear projects fuelled a big surge in revenue at AtkinsRéalis Group Inc. last quarter, paving the way for better financial results in the year ahead, the engineering firm said.

NEW YORK (AP) — Walmart’s first-quarter profit slipped, and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump.

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WASHINGTON (AP) — U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs . Sales at retail stores and restaurants rose just 0.

OTTAWA — Statistics Canada says manufacturing sales fell 1.4 per cent in March to $71.9 billion as sales fell in the primary metal and petroleum and coal product subsectors. The agency says sales of primary metals fell 6.5 per cent to $5.

Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as many weeks as business leaders struggle with uncertainty over U.S.

WASHINGTON (AP) — U.S. wholesale prices dropped unexpectedly in April for the first time in more than a year despite President Donald Trump’s sweeping taxes on imports .

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in April rose 30 per cent compared with March.

CALGARY — Calfrac Well Services Ltd. reported a first-quarter profit of $7.8 million compared with a loss of $2.9 million a year earlier as its revenue rose 12 per cent.