National Business

The Jasper wildfires could cost the insurance industry up to $700 million, making it one of the most expensive wildfire disasters in Canadian history, DBRS Morningstar said Friday.

NEW YORK (AP) — Wall Street rallied following encouraging reports on inflation and on profits at 3M and other big U.S. companies. The S&P 500 rose 1.1% for its best day in seven weeks. The Dow Jones Industrial Average jumped 1.

VANCOUVER — The BC Maritime Employers Association says it has been told by a lawyer for the foremen's union that an industry-wide strike vote will take place in coming weeks.

CALGARY — MEG Energy announced a quarterly dividend of 10 cents per share as it reported earnings of $136 million, saying a successful start-up of the Trans Mountain pipeline expansion has helped generate better prices for its oil.

As wildfires burn in parts of Canada and the wind carries smoke into communities near and far, health experts are advising people to regularly check air quality ratings and take precautions.

CALGARY — MEG Energy Corp. has started bringing workers back to its Christina Lake oilsands site after evacuating all non-essential personnel last week due to wildfires in northern Alberta.

VANCOUVER — Lululemon Athletica Inc. says it is pausing sales of one of its new product lines that have generated complaints from consumers.

WASHINGTON, D. C. — A group of experts is sounding the alarm that Ottawa needs to swiftly make more inroads with Americans, or Canada will be deeply disadvantaged in a looming review of a crucial trade agreement.

TORONTO — Scotiabank says it has fixed an issue that caused some account holders not to receive their pay and other deposits Friday.

Canadian National Railway Co. says it has restarted rail shipments through Jasper National Park.