National Business

TORONTO — Canada's main stock index rose to a new record high, led by strength in energy, telecom and base metals, while U.S. markets also moved higher. The S&P/TSX composite index closed up 116.67 points at 22,375.83.

MONTREAL — WSP Global expects to continue its acquisition spree after snapping up several more companies in the first part of the year.

NEW YORK (AP) — U.S. stocks rose to pull the S&P 500 back within 1% of its record following a rough April. The index climbed 0.5% Thursday. The Dow Jones Industrial Average rose 0.8%, and the Nasdaq composite gained 0.3%.

Quebecor Inc. chief executive Pierre Karl Péladeau is blaming the federal telecommunications regulator as his company reconsiders part of its mobile expansion plans.

TORONTO — The ongoing battle between Drake and Kendrick Lamar is playing out in superspeed on social media platforms and streaming services, exemplifying how modern technology amplifies and accelerates the competition at the heart of hip-hop culture.

Police have made an additional arrest in a heist of nearly $24 million in gold and cash from Toronto's Pearson airport a year ago. Peel regional police say a 36-year-old man from Brampton, Ont.

VANCOUVER — The British Columbia Supreme Court has rejected lawsuits by mink farmers challenging a provincial shutdown of the industry over COVID-19 concerns.

HALIFAX — Atlantic Canada’s largest airport says it has returned to financial sustainability after recording a net profit of $16 million in 2023.

TORONTO — Ontario's electricity system operator has secured new power supply from 10 battery storage facilities and three natural gas and biogas facilities, which should meet the province's needs until the 2030s.

Telus Corp. plans to invest $73 billion to bolster its networks over the next five years, chief executive Darren Entwistle announced Thursday at the telecommunications company's annual general meeting.