National Business

WASHINGTON (AP) — A worrisome bout of inflation struck the U.S. economy in April, with consumer prices for goods and services surging 0.

MONTREAL — WSP Global Inc. is reporting a big increase in net profits in the first quarter despite lower net revenues. The Montreal-based engineering firm says its net earnings attributable to shareholders was $87.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,107.77, down 166.27 points.) Enbridge Inc. (TSX:ENB). Energy. Up 11 cents, or 0.23 per cent, to $48.30 on 12.8 million shares.

A global shortage of computer chips, along with a surge in demand during the pandemic, has driven up prices of home appliances. Guelph, Ont.

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.