National Business

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.

CALGARY — ATB Financial is raising its outlook for economic growth in Alberta this year because of higher-than-expected oil prices, rising vaccination rates and a strong recovery in the U.S.

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly after being held back for months by the coronavirus pandemic.

FRANKFURT, Germany (AP) — The European Central Bank left its key pandemic support for the economy running full blast even as the economy shows signs of recovery thanks to lower virus cases and fewer restrictions on activity in the 19 countries that u

SACRAMENTO, Calif. (AP) — California’s workplace regulators have reversed themselves for the second time in a week. They withdrew a controversial, pending mask regulation late Wednesday.