National Business

TORONTO — The Globe and Mail announced Thursday that longtime CEO Phillip Crawley is retiring later this year after 25 years at the helm of the newspaper.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,672.25, up 100.01): Suncor Energy Inc. (TSX:SU). Energy. Up 51 cents, or 1.34 per cent, to $38.54 on 11.7 million shares.

TORONTO — Canada's main stock index gained a hundred points Thursday led by strength in the energy and base metals sectors, while U.S. stock markets also climbed higher. The S&P/TSX composite index closed up 100.01 points at 19,672.

NEW YORK (AP) — Wall Street closed higher on hopes that the Federal Reserve may soon take it easier on its hikes to interest rates, with the S&P 500 gaining 1% Thursday. Several reports painted a picture of a split U.S. economy.

A new report released by Re/Max Canada predicts some Canadian cities could see an upswing in demand for commercial real estate in the next six months.

DES MOINES, Iowa (AP) — A structural engineer’s report issued last week indicated a wall of a century-old apartment building in Iowa was at imminent risk of crumbling, yet neither the owner nor city officials warned residents of the danger days befor

CALGARY — The Calgary Real Estate Board says the market hit a new May record for sales as the number of properties that changed hands reached 3,120 last month.

TORONTO — The head of Ontario's cannabis distributor says the "race to the bottom" happening with pot prices risks hurting the market's future.

CALGARY — Precision Drilling Corp. says the wildfires in Alberta and B.C.

MONTREAL — BRP Inc. chief executive José Boisjoli says a sputtering economy has failed to put the brakes on the powersport company, with enough wealthy North Americans to buoy sales through the rest of the year.