National Business

FRANKFURT, Germany (AP) — Major oil-producing countries led by Saudi Arabia said they're cutting supplies of crude — again. This time, the decision was a surprise and is underlining worries about where the global economy might be headed.

MONTREAL — The second quarter kicked off with a bang Monday after a spike in oil prices boosted Canada’s main stock index by nearly 180 points, even as fears of further inflation and a looming recession grew.

TORONTO — The head of Rogers Communications Inc. pledged to lower costs for customers and brushed aside competition concerns after the company closed its $26-billion purchase of Shaw Communications Inc. on Monday.

VANCOUVER — Avison Young says Vancouver's downtown office vacancy rate has hit 10 per cent for the first time in almost 20 years. The real estate firm says the first quarter of this year brought Vancouver's downtown office vacancy rate to 10.

PHOENIX (AP) — A giant red spoon that was stolen from an Arizona Dairy Queen and sparked a mystery on social media was found Monday morning, and it's partly thanks to Pokémon GO.

CALGARY — A growing number of Canadian corporations are pursuing cultural awareness training in order to get better at recruiting and retaining Indigenous employees.

CALGARY — The Calgary Real Estate Board says last month delivered the market's lowest March inventory level since 2006 as home sales fell about 41 per cent from a year ago.

VANCOUVER — Teck Resources Ltd. said Monday it had rejected an unsolicited takeover offer from Swiss mining giant Glencore that comes as the Vancouver-based miner is working toward its own restructuring.

OTTAWA — Businesses and consumers are expecting inflation to slow faster than they previously thought but as high interest rates weigh on the economy, they're also adjusting their finances to account for a slowdown.

Rogers Communications Inc's $26-billion takeover of Shaw Communications Inc. cleared the last regulatory hurdle Friday, more than two years after the deal was first announced.