National Business

TEHRAN, Iran (AP) — The largest warship in the Iranian navy caught fire and later sank Wednesday in the Gulf of Oman under unclear circumstances, the latest calamity to strike one of the country’s vessels in recent years amid tensions with the West.

TEHRAN, Iran (AP) — A massive fire broke out Wednesday night at the oil refinery serving Iran's capital, sending thick plumes of black smoke over Tehran. It wasn't immediately clear if there were injuries.

MONTREAL — Laurentian Bank Financial Group beat expectations as it reported a second-quarter profit of $53.1 million, up from a profit of $8.9 million a year ago. The Montreal-based bank said Wednesday the profit amounted to $1.

LONGUEUIL, Que. — Quebec Maple Syrup Producers and the Conseil de l'industrie de l'érable say maple syrup production in Quebec fell this year after a record 2020.

NEW YORK (AP) — After decades of photographing rock stars, movie stars and heads of state, Annie Leibovitz has added a business leader to her portfolio: Former PepsiCo CEO Indra Nooyi.

LOS ANGELES (AP) — The LA Clippers game against the Dallas Mavericks on Wednesday not only carries big stakes in respect to the Western Conference playoff series. It will also set a milestone when it comes to alternate sports broadcasts.

EDMONTON — Alberta is expanding its rollout of second-dose COVID-19 vaccines, allowing everyone over age 12 who has had a first shot to book a booster before the end of the month.

TORONTO — Indigo Books & Music Inc. trimmed its net loss in the fourth quarter as a more than doubling of online sales offset the impact of extensive store closures due to government-mandated lockdowns.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,976.01, up 245.02 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Up 63 cents, or 6.24 per cent, to $10.72 on 16.6 million shares.

TORONTO — Canada's main stock index still has room to move higher this year even after hitting 20,000 points for the first time Tuesday, although the winding down of stimulus measures could put a damper on that growth, experts say.