National Business

TORONTO — A report showing that U.S. inflation slowed a bit last month caused North American stock markets to rally strongly into the weekend. The S&P/TSX composite index closed up 216.40 points to 20,748.

Canopy Growth Corp.'s shift toward premium cannabis helped the company report a smaller quarterly loss compared with a year ago, but it wasn't enough to prevent a 25 per cent drop in revenue. The Smiths Falls, Ont.

EDMONTON — Aurora Cannabis Inc.'s share price fell by about 40 per cent, after the company announced it sold US$150 million worth of shares. The Edmonton marijuana company's share price was $3.

NEW YORK (AP) — Technology companies led a broad rally for stocks Friday as Wall Street notched its best week in 18 months. The gain broke a seven-week losing streak for the market, the longest such stretch since 2001. The S&P 500 rose 2.

CALGARY — The rising price of oil may grab most of the headlines, but another commodity — natural gas — is on an even wilder ride and expected to hit fresh heights this summer.

MONTREAL — National Bank of Canada beat expectations in its latest quarter as it prepares to navigate through a more uncertain economic environment.

Some of Canada's independent telecom companies say the federal government is putting too much faith in the country's regulator to foster competition in the telecom sector and ensure internet and wireless services are more affordable.

DUBAI, United Arab Emirates (AP) — Iran's paramilitary Revolutionary Guard seized two Greek oil tankers on Friday in the Persian Gulf, just after Athens assisted the U.S.

NEW YORK (AP) — A federal judge on Friday dismissed Donald Trump’s lawsuit against New York Attorney General Letitia James, rejecting the former president’s claim that she targeted him out of political animus and allowing her civil investigation into

OTTAWA — The federal government posted a deficit of $95.6 billion for its 2021-22 fiscal year. In its monthly fiscal monitor report, the Finance Department says the tally for the April 2021 to March 2022 period compared with a deficit of $314.