National Business

LAS VEGAS (AP) — Hip-hop music figure Jamal “Mally Mall” Rashid was sentenced Thursday in Las Vegas to 33 months in federal prison for owning and operating a prostitution business disguised as an escort enterprise, federal prosecutors and his defense

Kansas City Southern Inc. says it is terminating its merger agreement with CP Rail after determining that rival Canadian National Railway's revised US$33.6-billion offer was superior.

MONTREAL — Power Corp. says its first-quarter profit nearly tripled from the prior year as it realized big gains from its life insurance business.

Aurora Cannabis Inc. is on the hunt for savings again after reporting a $164.7-million net loss in its latest quarter.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,135.81, up 28.04 points.) Enbridge Inc. (TSX:ENB). Energy. Down $1.60, or 3.31 per cent, to $46.70 on 20.5 million shares.

ESPN could be rewarded with additional playoff games under its new deal with Major League Baseball. Walt Disney Company and MLB announced a seven-year extension of their rights agreement Thursday.

TORONTO — North American stock markets rebounded from a three-day slide in a relief rally after an erratic start to the week on mounting concerns about inflation.

TORONTO — Spring's early arrival sent demand for everything from patio furniture and inflatable pools to barbecues and bikes soaring at Canadian Tire Corp. Ltd., which reported higher-than-expected sales growth in its first quarter.

TORONTO — Leon's Furniture Ltd. reported a first-quarter profit of $40.9 million, up from a profit of $13.7 million a year ago, as its revenue climbed higher.

OTTAWA — The Bank of Canada's unprecedented actions in response to the pandemic have helped hard-hit workers, but governor Tiff Macklem said Thursday that the measures may have increased economic inequality at the same time.