National Business

Canada’s main stock index rode energy stocks to a record close Monday, despite a cautious day that followed a month of major gains and a weekend checkered with angst over higher steel tariffs and developments in Ukraine and the Middle East.

NEW YORK (AP) — U.S. stock indexes drifted closer to records, coming off their stellar May. The S&P 500 rose 0.4% Monday. The Dow Jones Industrial Average edged up 0.1%, and the Nasdaq composite added 0.7%.

WARSAW, Poland (AP) — Conservative Karol Nawrocki’s victory in Poland’s weekend presidential runoff has set the country on a more nationalist course — and cast doubt on the viability of the centrist government of Prime Minister Donald Tusk after the

CALGARY — The Calgary Real Estate Board says home sales in the city dropped 17 per cent in May compared with last year as economic uncertainty continues to weigh on the housing market, while new listings and inventory were up.

Shopify Inc. has come out on top of a battle with the Canada Revenue Agency.

CALGARY — Some oilsands producers are removing workers and shutting production from their sites as wildfires rage in northeastern Alberta. Cenovus Energy Inc.

VANCOUVER — Teck Resources Ltd. says a mechanical issue has forced it to shut down the SAG mill at its Carmen de Andacollo operations in Chile for maintenance. The company estimates production will be interrupted for about one month for repairs.

WASHINGTON (AP) — A split Supreme Court declined on Monday to hear a challenge to a state ban on assault weapons, semiautomatic rifles that are popular among gun owners and that have also been used in multiple mass shootings.

MONTREAL — Flight simulator company CAE Inc. has named Matthew Bromberg as its new president and chief executive. Bromberg, who will join the company on June 16 and take over the top job on Aug. 13, has headed global operations for U.S.

OTTAWA — Few would confuse Hollywood action star Tom Cruise with Bank of Canada governor Tiff Macklem.