National Business

TORONTO — Canada's main stock index rebounded from its worst day of the year but still closed at a five-month low Thursday amid continuing concerns about a global economic slowdown.

OTTAWA — The Federal Court of Appeal has agreed to hear airlines' legal challenge to Canada's new passenger bill of rights.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,012.53, down 33.41 points ). Encana Corp. (TSX:ECA). Energy. Down 14 cents, or 2.47 per cent, to $5.52 on 9.4 million shares.

MOSCOW — A Russian pilot whose passenger jet lost power in both engines after colliding with a flock of gulls shortly after takeoff Thursday managed to land in a cornfield smoothly enough that only one person was hurt seriously enough to be hospitali

TORONTO — Intact Financial Corp. has signed a deal to buy two specialty insurers in a move that gives it a foothold in the market for wealthy clients, part of a broader push among financial services firms toward high-net-worth customers.

VANCOUVER — A financial services organization in British Columbia is forecasting modest but slower growth for the province through 2022. Central 1 says economic growth in B.C. should remain just above two per cent over the next 28 months.

Halifax-based Irving Shipbuilding Inc. has been awarded a $500-million federal contract to carry out maintenance work for the Royal Canadian Navy.

Canadian home sale rose in July in broad gains as markets start to recover from the stress test tightening last year, though economists say global concerns raise some uncertainties for the future.

NEW YORK — Walmart offered a dose of optimism amid growing concerns over weakening economic growth by raising its annual outlook after a strong second quarter. Sales at stores opened at least a year rose 2.

CALGARY — In a video taken through the windshield of Dung Le's 15-year-old Toyota Echo, an oncoming car breaks the monotony of a wide, nearly empty street on a quiet August morning in a sprawling residential Edmonton neighbourhood.