National Business

North American markets enjoyed a broad-based rally Friday, bolstered by two encouraging U.S. inflation reports earlier in the week and a lack of any other major economic news on the day to offset them.

NEW YORK (AP) — Two Amazon-owned companies — Ring and Hollywood studio MGM — are teaming to create a TV show in the mold of “America’s Funniest Home Videos” using viral footage from Ring’s doorbell and smart-home cameras.

LOS ANGELES (AP) — California Gov. Gavin Newsom on Friday proposed extending the life of the state’s last operating nuclear power plant by at least five to 10 years to maintain reliable power supplies in the climate change era.

TORONTO — Telus Corp. is trying to add a 1.5 per cent processing fee for customers who use a credit card after a class action settlement cleared the way for merchants to add the surcharge starting this fall.

LOS ANGELES (AP) — California Gov. Gavin Newsom is proposing to extend the life of the state’s last operating nuclear power plant by at least five to 10 years to maintain reliable power supplies in the climate change era.

TORONTO — Ontario's cannabis wholesaler says hundreds of pot shops will start receiving product deliveries over the next few days as it restarts systems turned off because of a cyberattack on one of its logistics partners.

TORONTO — Rogers Communications Inc. and Shaw Communications Inc. have signed a definitive agreement with Quebecor Inc. that will see the Montreal-based telecom company acquire wireless carrier Freedom Mobile Inc.

OTTAWA — Statistics Canada says investment in residential construction declined for the first time in nine months in June, as gains in the non-residential sector helped push overall construction investment up 0.3 per cent to $20.8 billion.

TORONTO — Aimia Inc. reported a net loss of $35.2 million in its second quarter, compared with a profit of $3.1 million in the same quarter last year.

TORONTO — Retailers in Toronto's downtown core had to close for business on Thursday afternoon as a power outage affected security and payment systems throughout the financial district.