National Business

TORONTO — North American stock markets surged Thursday in a broad rally led by the energy sector as crude oil prices rebounded from two days of weakness.

BLACKS HARBOUR, N.B. — A subsidiary of seafood giant Cooke Inc. has purchased a Nova Scotia-based provider of trucking and transportation services. Shoreland Transport Inc. says it has acquired Connors Transfer Ltd.

CALGARY — A worker has died in an incident at Suncor Energy Inc.'s Base Mine in Alberta. The Calgary-based energy company confirmed Thursday that a contractor was killed Thursday morning at the site north of Fort McMurray.

MONTREAL — Passengers and advocates say Air Canada is giving them the runaround on refunds, compensation and reasons cited for flight delays and cancellations — including a case of harsh weather highlighted nearly two weeks in advance.

TORONTO — Gasoline prices dropped about 12 cents a litre overnight in Ontario and are down across much of Canada after a big dip in the price of crude oil this week that analysts say could be linked to recession fears.

WASHINGTON (AP) — The IRS commissioner has asked the Treasury Department’s inspector general to immediately review the circumstances surrounding intensive tax audits that targeted ex-FBI Director James Comey and ex-Deputy Director Andrew McCabe, both

TORONTO — Canada is headed towards a recession in 2023, but it will be short-lived and not as severe as prior downturns, according to a new report from RBC.

CALGARY — Crescent Point Energy Corp. is raising its quarterly dividend after announcing it has sold off some of its non-core assets and reached its net debt target ahead of schedule.

OTTAWA — Canada's merchandise trade surplus grew to $5.3 billion in May, the largest trade surplus since August 2008, helped by higher energy prices and a dip in imports.

TORONTO — Dye & Durham Ltd. has revised its offer for Australian company Link Administration Holdings Ltd. again. The company says it is now offering up to A$4.70 per share including A$4.