National Business

TORONTO — A good showing from the energy sector continues to buoy Canada's main stock index and the Canadian dollar, with one analyst saying investors can expect strong performances from the sector for months to come.

Montreal-area home prices surged in May compared to a year ago when the province was grappling with the onset of the pandemic, Quebec's real estate board said Wednesday.

HALIFAX — After months of reduced air travel due to the COVID-19 pandemic, airlines in Canada say they're ready to contend with what could be a turbulent summer season.

VANCOUVER — The super-heated housing market in Metro Vancouver cooled slightly in May but the Greater Vancouver Real Estate Board says sales still remained active.

BERLIN (AP) — German airline Lufthansa said late Wednesday that it has received the green light from Russia to resume flights there, after being briefly denied permission, which resulted in a reciprocal blocking of flights by Germany.

CALGARY — The JBS Canada beef processing facility in Alberta has resumed production after a cyberattack that impacted the company’s operations in North America and Australia. The JBS Canada facility in Brooks, Alta., employs more than 2,800 people.

Brookfield Infrastructure Partners LP has raised its hostile takeover offer for Inter Pipeline Ltd. to top a friendly deal the company struck to be acquired by Pembina Pipeline Corp.

SMITHS FALLS, Ont. — Canopy Growth Corp. is no longer involved in a cannabis venture it was pursuing with rapper Drake. The Smiths Falls, Ont.

TORONTO — Netflix subscribers will be marking Canada Day with a federal tax on their monthly bills. The streaming giant told its Canadian customers this week that it will be adding GST or HST charges "due to a recent change in Canada's tax law.

TORONTO — Canadian auto sales disappointed in May despite increasing nearly 36 per cent from a year earlier when sales plunged due to lockdowns to address the COVID-19 pandemic.