National Business

TORONTO — North American stock markets closed lower for a third day this week as U.S. inflation numbers raised concerns about central banks increasing interest rates earlier than forecast.

TORONTO — Canada's two largest pipeline companies say they have taken a proactive approach to avoid the type of cyberattack that has disrupted gasoline supplies in the U.S.

CALGARY — The CEO of Cenovus Energy Inc. says he's optimistic that his oil and gas company's second consecutive online annual shareholders meeting webcast on Wednesday will be its last.

CALGARY — In the latest project designed to green the oilsands industry, Wolf Midstream says it will build a facility to strip petroleum liquids from natural gas used in operations near Fort McMurray, Alta.

MONTREAL — Air Transat has extended the suspension of its flights until July 29, due to continued travel restrictions in Canada and abroad.

BOSTON (AP) — A former private equity executive who cofounded an investment fund with U2′s Bono was sentenced Wednesday to three months in prison for his role in the college admissions bribery scheme. William McGlashan, Jr.

RALEIGH (AP) — State and federal officials are scrambling to find alternate routes to deliver gasoline in the Southeast U.S.

TORONTO — Freshii Inc. has recorded a million-dollar loss in its first quarter as many of its restaurants remain temporarily closed due to COVID-19. The Toronto-based company reported a net loss of $1.

BENI, Congo (AP) — When Shekinah was working as a nurse’s aide in northeastern Congo in January 2019, she said, she was offered a job from a World Health Organization doctor at double her salary — in exchange for sex.

CALGARY — Crescent Point Energy Corp. reported a first-quarter profit of $21.7 million compared with a $2.3-billion loss a year ago when oil prices were falling at the start of the pandemic.