National Business

TORONTO — North American markets were mixed, with some indexes posting modest gains on a day where an update from the U.S. Federal Reserve and a flood of earnings reports rippled into stock movement.

NASHVILLE, Tenn. (AP) — Tennessee Titans wide receiver Julio Jones is facing allegations of illegally harvesting and selling millions of dollars of cannabis in California, according to court records.

Tilray Inc.'s share price surged 25 per cent Wednesday as investors rewarded the the cannabis company for a strong outlook and fundamentals.

Canada's biggest grocery store chain said renewed COVID-19 lockdowns this spring kept food sales strong despite signs that consumer behaviour may be shifting towards more familiar pre-pandemic patterns. Loblaw Companies Ltd.

OTTAWA — The country's headline inflation barometer registered a year-over-year increase of 3.1 per cent last month as the pace of price growth slowed in June compared with the decade-high pace one month prior.

Actor Seth Rogen's Houseplant cannabis company and Canopy Growth Corp. are breaking up.

CALGARY — Crescent Point Energy Corp. expects to generate "significant" excess cash flow this year as energy prices surge, chief executive Craig Bryksa said Wednesday.

VANCOUVER — A&W Revenue Royalties Income Fund says its same-store sales surged nearly 34 per cent in its latest quarter from the prior year when it faced the most pronounced impact from COVID-19.

SASKATOON — Uranium miner Cameco Corp. recorded a smaller loss in its latest quarter despite a 32 per cent decrease in revenue amid the suspension of production.

CALGARY — Inter Pipeline Ltd. says its board of directors is recommending shareholders accept a $16-billion takeover offer by Brookfield Infrastructure Partners LLP.