National Business

TORONTO — Canada's main stock index rose almost 200 points Thursday, helped by strength in the telecom, utility and energy sectors Meanwhile, U.S. stock markets were mixed as large tech names weighed on Wall St.

MONTREAL — MTY Food Group Inc. reported its second-quarter profit fell 10 per cent compared with a year ago as its sales edged lower.

TORONTO — The Scotiabank Giller Prize won't drop its lead sponsor, the organization's executive director announced as pressure mounted from some high-profile members of the literary community.

NEW YORK (AP) — Most U.S. stocks rose after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September.

TORONTO — Time ran out for Bill Manning, who oversaw Toronto FC and Argonaut championships in his role as president of the MLS and CFL teams.

TORONTO — Ontario infrastructure officials released more information Thursday about structural and mechanical issues facing the Ontario Science Centre, as well as a peer review of the original engineering report on roof panel problems, as they justif

VANCOUVER — Teck Resources Ltd. says it has completed the sale of its remaining 77 per cent interest in its steelmaking coal business to Glencore plc.

WASHINGTON (AP) — The federal government announced a $241.5 million settlement with Marathon Oil on Thursday for alleged air quality violations at the company's oil and gas operations in the Forth Berthold Indian Reservation in North Dakota.

LOS ANGELES (AP) — The average rate on a 30-year mortgage fell slightly this week, providing modest relief for home shoppers facing record-high home prices. The rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday.

WASHINGTON (AP) — Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve.