National Business

MONTREAL — DavidsTea started its fiscal year by swinging to a small profit despite seeing sales plunge 28 per cent. The beverage company says it earned $3.2 million or 12 cents per diluted share for the three months ended May 1.

TORONTO — VerticalScope Holdings Inc. began trading on the Toronto Stock Exchange Tuesday after pricing its subordinate-voting shares at $22 per share.

Air Canada is vowing to fight a U.S. Department of Transportation move to seek a US$25.5-million penalty for "failing to provide consumers prompt refunds" after cancelling their flights amid the COVID-19 pandemic.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,231.32, up 73.67 points.) Canadian Natural Resources (TSX:CNQ). Energy. Up 67 cents, or 1.47 per cent, to $46.20 on 22.

TORONTO — Canada's main stock index set new records again on rising crude oil prices, including Western Canadian Select reaching its highest level since 2014, even as U.S. equities trended lower. The Canadian crude oil price moved above $58 a barrel.

A British research company may have discovered a magic number for American media consumers — and it's seven.

Home sales across the country are starting to fall back from highs seen earlier in the year, but the Canadian Real Estate Association still expects the number of transactions during 2021 to set a new record. May's 56,156 sales were a 7.

MacKenzie Scott, the billionaire philanthropist known for her impromptu multi-billion dollar donations to charities and racial equity causes, announced Tuesday that she has given $2.7 billion to 286 organizations.

NEW YORK (AP) — Pitchers will be ejected and suspended for 10 games for using illegal foreign substances to doctor baseballs in a crackdown by Major League Baseball that will start June 21.

ALBERTVILLE, Ala. (AP) — A worker killed two people and wounded two more at an Alabama fire hydrant factory early Tuesday before killing himself, police said. The gunfire — among the latest in a spate of shootings across the U.S.