National Business

NEW YORK — Teams of experts are projecting COVID-19's toll on the U.S. will fall sharply by the end of July, according to research released by the government Wednesday.

TORONTO — April delivered a record number of home sales for the Greater Toronto Area, but the market is starting to slow from the intense pace seen earlier this year, the Toronto Regional Real Estate Board said Wednesday.

BRUSSELS — The European Union is planning to tighten rules on foreign investment in its 27 members and boost production autonomy for sensitive strategic goods, two measures bound to hit China — amid already precarious relations between the two massiv

WASHINGTON — Activity in the U.S. services sector, where most Americans work, slowed slightly in April after hitting an all-time high in March.

HALIFAX — Chorus Aviation Inc. has signed a three-year contract with Purolator Inc. for air cargo charter services. The agreement follows the completion of an initial six-month trial.

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. says it earned a profit of $47.7 million in its latest quarter as an improvement in its meat protein group helped its revenue edge higher.

LOS ANGELES — A U.S.

LOS ANGELES — An aspiring actor was indicted Tuesday in Los Angeles on suspicion of running a massive Ponzi scheme that solicited hundreds of millions of dollars from investors for phoney Hollywood film licensing deals, federal prosecutors said.

TORONTO — The number of shares traded on Canadian stock markets decreased last month by the most since the start of the COVID-19 pandemic. According to statistics released by TMX Group Ltd.

MONTREAL — Insolvent beverage retailer DavidsTea Inc. says it will ask its creditors to approve a plan of arrangement next month to distribute about $18 million to creditors in Canada and the U.S.