National Business

"If it's a drought year, dryland produces next to nothing, whereas the irrigated areas are still producing excellent crops," says Richard Phillips, general manager of the Bow River Irrigation District. "It's great drought insurance, if you want to think of it that way."

Forecasters anticipate this week's consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady declines in inflation.

Five things to watch for in the Canadian business world in the coming week.

DUBAI, United Arab Emirates (AP) — Western-backed maritime forces in the Middle East on Saturday warned shippers traveling through the strategic Strait of Hormuz to stay as far away from Iranian territorial waters as possible to avoid being seized, a

OTTAWA — The Canadian Food Inspection Agency has issued a national recall of Monster brand energy drinks. The recall affects all flavours of the drink that contain caffeine and that do not have bilingual labelling in English and French.

NEW YORK (AP) — FTX founder Sam Bankman-Fried left a federal courtroom in handcuffs Friday when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him.

OTTAWA — Five historically significant artifacts that were deemed missing from the Canadian Museum of History during a recent investigation by the auditor general have been recovered, the museum said Friday.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,407.64, up 64.76): Suncor Energy Inc. (TSX:SU). Energy. Up 25 cents, or 0.59 per cent, to $42.66 on 9.4 million shares. Enbridge Inc.

TORONTO — Canada's main stock market index ticked higher on Friday to cap a week of gains, while U.S. markets were mixed.

TORONTO — The aftereffects of a ransomware attack and challenging macroeconomic conditions weighed on Indigo Books & Music Inc.'s first-quarter results, said CEO Peter Ruis.