National Business

ST. JOHN'S, N.L. — Norwegian energy giant Equinor has hired a drilling rig to look for more oil off the coast of Newfoundland.

MONTREAL — Rogers Sugar Inc. has announced plans to spend $200 million to grow its production capacity at its plant in Montreal to help meet increased demand in Eastern Canada.

TORONTO — Oxford Properties Group says it will spend $28 million to redevelop Yorkdale mall's main corridor and food court.

TORONTO — Coinbase is rolling out Interac e-transfer integration as part of its Canadian offerings as it says it's encouraged by the regulatory approach in the country.

"If it's a drought year, dryland produces next to nothing, whereas the irrigated areas are still producing excellent crops," says Richard Phillips, general manager of the Bow River Irrigation District. "It's great drought insurance, if you want to think of it that way."

Forecasters anticipate this week's consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady declines in inflation.

Five things to watch for in the Canadian business world in the coming week.

DUBAI, United Arab Emirates (AP) — Western-backed maritime forces in the Middle East on Saturday warned shippers traveling through the strategic Strait of Hormuz to stay as far away from Iranian territorial waters as possible to avoid being seized, a

OTTAWA — The Canadian Food Inspection Agency has issued a national recall of Monster brand energy drinks. The recall affects all flavours of the drink that contain caffeine and that do not have bilingual labelling in English and French.

NEW YORK (AP) — FTX founder Sam Bankman-Fried left a federal courtroom in handcuffs Friday when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him.