National Business

WASHINGTON (AP) — Wholesale prices, driven by rising food costs, increased 0.8% in May and by a unprecedented amount over the past year as the U.S. economy emerges from pandemic lockdowns and pushes inflation higher.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May rose 3.2 per cent compared with April, as starts of apartments, condos and other types of multiple-unit housing projects rose higher.

VANCOUVER — Clothing designer and retailer Aritzia Inc. says it has signed an agreement to buy a Reigning Champ, a designer and manufacturer of premium athletic wear.

At Jeremy Shaki’s tech education company, his workforce of around 75 people weren’t always so keen on remote work.

DUBAI, United Arab Emirates (AP) — The Middle East's largest airline, Emirates, announced on Tuesday a net loss of $5.5 billion over the past year as revenue fell by more than 66% due to global travel restrictions sparked by the coronavirus pandemic.

The Winnipeg Jets will play their home games at the Canada Life Centre starting July 1, when the insurance provider begins its 10-year contract at the arena currently known as Bell MTS Place.

SAN DIEGO (AP) — A producer for a now-defunct California porn website was sentenced to 20 years in federal prison Monday for coercing or tricking women into appearing in sex videos.

LONDON (AP) — Love it or hate it, tequila conjures up strong feelings in many drinkers. “Forgive us for the old memories of bad quality tequila!” jokes Antonio Rodriguez, director of production at Patrón Tequila.

HALIFAX — The value of crude oil exports from Canada has increased over 15-fold in the last 30 years, according to a report from Statistics Canada and the Canada Energy Regulator.

EDMONTON — Premier Jason Kenney says 48,000 more Albertans must step up for a first dose of COVID vaccine to fully lift health restrictions, and hopes his new lottery plan will be that incentive.