National Business

TORONTO — Canada's main stock index lost ground in the final day of trading in July as some commodities dropped, but North American stock markets in general finished the month with positive numbers.

NEW YORK (AP) — Stocks ended lower on Wall Street, giving up their gains for the week. The S&P 500 still managed to end July higher, marking six monthly gains in a row, the longest such streak since 2018. The benchmark index fell 0.

VANCOUVER — Canfor Corp. is reporting a large year-over-year increase in net income in its latest quarter as surging lumber prices helped its revenues to more than double to a record high. The Vancouver-based company says it earned a record $726.

CALGARY — Imperial Oil Ltd. says it earned $366 million in the second quarter and boosted production to its highest level in 25 years for the same period.

TORONTO — Fairfax Financial Holdings Ltd. says its net profit nearly tripled in its latest quarter partly due to lower COVID-19 losses. The Toronto-based insurance company, which reports in U.S. dollars, says it earned US$1.2 billion or US$43.

TORONTO — Unifor has reached a tentative agreement with Bombardier Aviation at its Downsview plant in north Toronto.

WASHINGTON (AP) — The Justice Department, in a reversal, says the Treasury Department must provide the House Ways and Means Committee former President Donald Trump’s tax returns, apparently ending a long legal showdown over the records.

Canada's top coffee and doughnut chain posted a strong rebound in sales in its latest quarter but rising commodity prices and high demand for restaurant workers threaten to dampen growth as the economy reopens from COVID-19 lockdowns.

CALGARY — Canadian Pacific Railway Ltd. is urging Kansas City Southern shareholders to vote against the proposed merger with Canadian National Railway Co. because of the regulatory uncertainty of its rival's US$33.6-billion bid.

VANCOUVER — The chief executive of Telus Corp. says the Canadian telecommunications market and the launch of 5G technology is being hampered by regulations and expensive spectrum auctions.