National Business

OTTAWA — The C.D. Howe Institute predicts Ottawa's recently announced spending plans — which include a much bigger defence budget — will drive its deficits markedly higher in the coming years.

WASHINGTON (AP) — The U.S. labor market delivered another upside surprise last month, churning out a surprisingly strong 147,000 jobs . The unemployment rate ticked down unexpectedly, too. But the headline numbers masked some weaknesses as the U.S.

TORONTO — Investment firm AGF Management Ltd. says Kevin McCreadie, the firm’s chief executive officer and chief investment officer, has died. He was 64.

Vancouver-area home sales decreased 9.8 per cent in June but the city's real estate board says that could signal a potential recovery after larger year-over-year declines in previous months.

TORONTO — DesRosiers Automotive Consultants says June vehicle sales were up from a year earlier but still showed declining momentum. The consultancy says it estimates there were 178,000 light vehicle sales in the month, up 5.

CALGARY — Trican Well Service Ltd. has signed a deal to buy Iron Horse Energy Services, a privately owned oilfield services provider. Under the deal, the company will pay $77.35 million in cash and 33.

CALGARY — Tidewater Midstream and Infrastructure Ltd. has signed a deal to sell its Sylvan Lake gas processing facility to Parallax Energy Operating Inc. for $5.5 million. The company says the facility is a non-core asset located in central Alberta.

PONOKA, ALBERTA — It was August 1983 at the Hand Hills Lake Stampede and Les McIntyre had just fallen out of his chuckwagon.

Fewer Americans applied for unemployment benefits last week as layoffs in the U.S. remain low despite uncertainty about how tariffs will impact the economy.

Canada's air traffic control service says some airports across the country could see delays after receiving bomb threats early this morning. NAV Canada says the threats impact airports in Ottawa, Montreal, Edmonton, Winnipeg, Calgary and Vancouver.