National Business

OTTAWA — The economy's ability to grow coming out of the pandemic isn't as hobbled by COVID-19 as the central bank first feared, a top Bank of Canada official says.

TORONTO — Supreme Cannabis shareholders have voted in favour of the company being sold to Canopy Growth Corp. for $435 million. Supreme says 81.05 per cent of the votes cast were in favour of the deal.

WASHINGTON (AP) — American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008.

Transat AT Inc. is optimistic about the upcoming winter season as the tour operator and airline aims to be a leaner company with lower operating costs after flying is slated to resume on July 30. The travel company suspended operations on Jan.

TORONTO — Ontario's fiscal watchdog says the province's economy will rebound over the next two years but the government is unlikely to reach its goal of a balanced budget by the start of the next decade.

TORONTO — Scotiabank says it is donating $2.5 million to Windmill Microlending to help skilled immigrant women with career mentoring and financial support.

SPRING HILL, Fla. (AP) — They say neither rain nor snow nor gloom of night will stop the U.S. Postal Service, but an alligator could get in the way.

OTTAWA — The scam is a common one: a phone call claiming to be the Canada Revenue Agency demanding an immediate payment.

CALGARY — ATB Financial is raising its outlook for economic growth in Alberta this year because of higher-than-expected oil prices, rising vaccination rates and a strong recovery in the U.S.

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly after being held back for months by the coronavirus pandemic.