National Business

TORONTO — Canada's main stock index had another record day on broad gains as crude oil futures settled above US$70 a barrel for the first time since the October 2018. The S&P/TSX composite index gained 30.62 points to a record close of 20,065.

HALIFAX — When billionaires in private jets began touching down in rural Nova Scotia to play a round of golf on Cape Breton’s world-class links, David Morgan saw an opportunity.

TORONTO — The Business Development Bank of Canada and Black Innovation Capital are launching a $10-million venture capital fund meant to help Black-owned businesses.

PORTLAND, Maine (AP) — Vinyl record sales surged during the pandemic as music lovers fattened their collections, and audio cassettes began a comeback as well, keeping business spinning at record stores.

Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people's debt. The company said Tuesday consumer debt stood at $2.08 trillion for the first quarter of 2021, up 0.

OTTAWA — Canada posted a merchandise trade surplus of $594 million in April as the global shortage of semiconductor chips hurt both imports and exports in the auto sector.

WASHINGTON (AP) — U.S. employers posted a record 9.3 million job openings in April with the U.S. economy reopening at break-neck speed. The number of job openings soared 12% from the 8.3 million counted in March. But employers hired just 6.

WASHINGTON (AP) — The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports.

WASHINGTON (AP) — The World Bank is upgrading the outlook for global growth this year, predicting that COVID-19 vaccinations and massive government stimulus in rich countries will power the fastest worldwide expansion in nearly five decades.

LONDON (AP) — Dozens of websites briefly went offline around the globe Tuesday, including CNN, The New York Times and Britain's government home page, after an outage at the cloud service Fastly, illustrating how vital a small number of behind-the-sce