National Business

TORONTO — North American stock markets rebounded as investors seemed to shrug off news that U.S. inflation is accelerating at its fastest pace since the financial crisis in 2008.

Even after its death, the divisive Keystone XL pipeline continued to leave Canadian energy industry experts at odds on Thursday, a day after TC Energy Corp. nailed the coffin shut on the project.

OTTAWA — The economy's ability to grow coming out of the pandemic isn't as hobbled by COVID-19 as the central bank first feared, a top Bank of Canada official says.

TORONTO — Supreme Cannabis shareholders have voted in favour of the company being sold to Canopy Growth Corp. for $435 million. Supreme says 81.05 per cent of the votes cast were in favour of the deal.

WASHINGTON (AP) — American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008.

Transat AT Inc. is optimistic about the upcoming winter season as the tour operator and airline aims to be a leaner company with lower operating costs after flying is slated to resume on July 30. The travel company suspended operations on Jan.

TORONTO — Ontario's fiscal watchdog says the province's economy will rebound over the next two years but the government is unlikely to reach its goal of a balanced budget by the start of the next decade.

TORONTO — Scotiabank says it is donating $2.5 million to Windmill Microlending to help skilled immigrant women with career mentoring and financial support.

SPRING HILL, Fla. (AP) — They say neither rain nor snow nor gloom of night will stop the U.S. Postal Service, but an alligator could get in the way.

OTTAWA — The scam is a common one: a phone call claiming to be the Canada Revenue Agency demanding an immediate payment.