National Business

CALGARY — Tourmaline Oil Corp. is reporting positive net income in the first quarter thanks to higher oil and gas prices and a 33 per cent increase in production from acquisitions as well as an active drilling program.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,310.74, up 122.71 points.) Enbridge Inc. (TSX:ENB). Energy. Up $1.02, or 2.13 per cent, to $49.00 on 23.8 million shares.

CALGARY — The CEO of Enbridge Inc. says the company's Line 3 and Line 5 pipelines in the United States are "absolutely critical" as each faces ongoing hurdles thrown up by environmental, political and other opponents.

TORONTO — Commodities propelled Canada's main stock index to bounce back and outpace U.S. stock markets even as the Dow Jones industrial average hit an all-time high. The S&P/TSX composite index closed up 122.71 points to 19,310.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says April set a new record for Montreal area home sales, but it shouldn't be viewed as an acceleration in the market because the COVID-19 pandemic is skewing comparisons.

TORONTO — Like many small business owners, Siuleen Leibl relies on marketing through apps like Facebook and Instagram to reach more customers.

OSHAWA, Ont. — General Motors Canada says it will restart production at its assembly plant in Oshawa, Ont., ahead of schedule, after a healthy demand for trucks and a shift to electric vehicles saved the location from a planned closure.

HALIFAX — The owners of an idled pulp mill in northern Nova Scotia say their plans for a new effluent treatment facility have been withdrawn from the province's environmental assessment process.

Former President Donald Trump won’t return to Facebook — at least not yet. Four months after Facebook suspended Trump's accounts, having concluded that he incited violence leading to the deadly Jan.

TORONTO — The CEO of Barrick Gold Corp. says copper stands to grow in importance for the world's second-biggest gold miner after 10-year-high prices for copper bolstered its first-quarter earnings.