National Business

TORONTO — Morningstar DBRS says insurance claims caused by the Toronto flood earlier this week could be "significant but manageable" for insurers.

Airlines, banks, hospitals and other risk-averse organizations around the world chose cybersecurity company CrowdStrike to protect their computer systems from hackers and data breaches.

YEKATERINBURG, Russia (AP) — Wall Street Journal reporter Evan Gershkovich was convicted Friday of espionage and sentenced to 16 years in a maximum-security prison on charges that his employer and the U.S. government have rejected as fabricated.

OTTAWA — Canadians reined in their spending in May as retail sales dropped 0.8 per cent, weighed down by decreases at grocers and alcoholic beverage retailers, Statistics Canada reported on Friday.

OTTAWA — Statistics Canada says retail sales fell 0.8 per cent to $66.1 billion in May, weighed down by decreases at grocers and alcoholic beverage retailers. The agency says sales were down in eight of the nine subsectors it tracks led by the 1.

TORONTO — Toronto Pearson International Airport says a global technology outage that caused disruptions around the world early Friday morning could lead to flight delays and cancellations throughout the day.

EDMONTON — A prominent Alberta utility is seeking to delay a hearing on appropriate remedies for gas and electricity rates the province's utilities regulator says were neither reasonable nor justified.

TOFINO, BRITISH COLUMBIA, CANADA — Derek Michaels was walking along Long Beach in Tofino, B.C., when he saw a small plane appearing to struggle after takeoff, making sharp turns with a plume of smoke trailing behind one of its engines.

A new survey of Canadian tech companies reveals 90 per cent of respondents think the federal government's changes to its capital gains policy will have a negative effect on the industry.

MOOSE JAW, SASK. — Jason Moore recently took stock of the inventory at the food bank in Moose Jaw, Sask., and realized nothing would be left in two weeks.