National Business

The Jasper wildfires could cost the insurance industry up to $700 million, making it one of the most expensive wildfire disasters in Canadian history, DBRS Morningstar said Friday.

NEW YORK (AP) — Wall Street rallied following encouraging reports on inflation and on profits at 3M and other big U.S. companies. The S&P 500 rose 1.1% for its best day in seven weeks. The Dow Jones Industrial Average jumped 1.

CALGARY — MEG Energy announced a quarterly dividend of 10 cents per share as it reported earnings of $136 million, saying a successful start-up of the Trans Mountain pipeline expansion has helped generate better prices for its oil.

CALGARY — MEG Energy Corp. has started bringing workers back to its Christina Lake oilsands site after evacuating all non-essential personnel last week due to wildfires in northern Alberta.

VANCOUVER — Lululemon Athletica Inc. says it is pausing sales of one of its new product lines that have generated complaints from consumers.

TORONTO — Scotiabank says it has fixed an issue that caused some account holders not to receive their pay and other deposits Friday.

Canadian National Railway Co. says it has restarted rail shipments through Jasper National Park.

PARIS (AP) — Arsonists attacked France's high-speed rail network early Friday, setting fires that paralyzed train travel to Paris for some 800,000 people across Europe, including athletes heading to the opening ceremony of the Olympic Games.

“ Deadpool & Wolverine ” has gotten off to a supercharged start at the box office, breaking the Thursday preview record for an R-rated movie. The comic-book film sold an estimated $38.

OTTAWA — The federal government posted a $3.9 billion deficit in the first two months of the fiscal year. The result for the April-to-May period compared to a $1.5 billion surplus for the same stretch last year. Revenues increased $6.5 billion, or 8.