National Business

CALGARY — Cenovus Energy Inc. raised its dividend as it reported a first-quarter profit of $1.18 billion, up from $636 million a year ago. The company says it will now pay a quarterly base dividend of 18 cents per share, up from 14 cents per share.

BRAMPTON, Ont. — Grocery and drugstore retailer Loblaw Cos. Ltd. raised its quarterly dividend by 15 per cent as it reported its first-quarter profit and revenue rose compared with a year ago.

TORONTO — Barrick Gold Corp. reported a first-quarter profit attributable to equity holders of US$295 million, up from US$120 million a year earlier. The gold miner, which keeps its books in U.S.

CALGARY — Wednesday marks the official start date of the long-awaited $34-billion Trans Mountain oil pipeline expansion project. Crown corporation Trans Mountain Corp. says as of Wednesday, the expanded pipeline from Alberta to the B.C.

CHARD, Alta. — Raoul Montgrand, president of the Chard Métis Nation in northern Alberta, called a 200-square-foot camper trailer home for close to two years.

When Priyanka Chopra Jonas announced she was joining the production team of Barry Avrich’s new documentary “Born Hungry” in early April, it instantly boosted the Canadian film’s international profile.

TORONTO — Hudson's Bay Co. has announced layoffs as part of a "realignment" of its organizational structure. The company says fewer than 100 people are affected, representing less than one per cent of its workforce.

SEATTLE (AP) — Changpeng Zhao, founder of the world's largest cryptocurrency exchange, was sentenced Tuesday to four months in prison for looking the other way as criminals used the platform to move money connected to child sex abuse, drug traffickin

TORONTO — TD Bank Group says it has taken an initial provision of US$450 million in connection to the ongoing U.S. regulatory inquiry into its anti-money laundering compliance program. The bank says its discussions with three U.S.

WASHINGTON (AP) — The U.S.