National Business

OTTAWA — Canadian manufacturing sales fell 2.0 per cent to $71.6 billion in May as auto production fell in the month, Statistics Canada said Thursday.

TORONTO — Shannae Ingleton Smith has a crammed calendar this summer.

MONCTON, N.B. — Organigram Holdings Inc. reported a loss of $2.8 million in its latest quarter as its gross revenue rose 90 per cent compared with a year ago. The cannabis company says the loss amounted to 0.

WASHINGTON (AP) — Inflation at the wholesale level climbed 11.3% in June compared with a year earlier, the latest painful reminder that inflation is running hot through the American economy. The Labor Department reported Thursday that the U.S.

TORONTO — Barrick Gold Corp. says according to its preliminary figures it produced 1.04 million ounces of gold and 120 million pounds of copper in its second quarter and remains on track to achieve its production guidance for the year.

BRUSSELS (AP) — Russia's war in Ukraine is expected to wreak havoc with the European Union's economic recovery for the foreseeable future with lower annual growth and record-high inflation, the bloc's economic forecast showed Thursday.

OTTAWA — Bank of Canada governor Tiff Macklem is set to speak at a webinar hosted by the Canadian Federation of Independent Business today.

BEIJING (AP) — Asian stock markets rose Thursday despite a record-setting U.S. inflation report that pointed to more possible interest rate hikes that investors worry will chill economic growth. U.S. futures edged lower while oil prices advanced.

MONTREAL — Cogeco Communications Inc. says its net profit in the third quarter increased five per cent to $100.3 million on a boost in revenues. The Montreal-based company says profit attributable to shareholders was the equivalent of $2.

TOPEKA, Kan. (AP) — Japan’s Panasonic Corp. selected Kansas as the location for a multibillion-dollar mega-factory to produce electric vehicle batteries for Tesla and other carmakers, Gov. Laura Kelly announced Wednesday.