National Business

TORONTO — Five things to watch for in the Canadian business world in the coming week: Bibic speech BCE chief executive Mirko Bibic is scheduled to give a speech to the Canadian Club Toronto on Monday.

WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation's legal debt ceiling late Saturday as they raced to strike a deal to limit federal spending and avert a potentially disastr

OTTAWA — A new report is casting doubt on the idea that Canada is facing a widespread labour shortage and bolsters the arguments by some labour economists that high job vacancies aren't due to a shortage of workers.

WASHINGTON (AP) — President Joe Biden said a deal to resolve the government's debt ceiling crisis seemed “very close” late Friday, even as the deadline for a potentially catastrophic default was pushed back to June 5 and seemed likely to drag negotia

Loblaw Companies Ltd. says it's shutting down its third-party marketplace. Spokeswoman Catherine Thomas has confirmed in a statement that the company will be winding down the marketplace.

CALGARY — U.S. oil company ConocoPhillips said Friday it will exercise its right of first refusal and purchase TotalEnergies' 50 per cent stake in the Surmont oilsands project for $4 billion.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (NUMBER, up or down NUMBER): Manulife Financial Corp. (TSX:MFC). Finance. Up 34 cents, or 1.35 per cent, to $25.53 on 14.2 million shares.

TORONTO — Canada's main stock index gained almost 150 points Friday amid broad-based strength, while U.S. markets also rose as tech continued to outperform.

MONTREAL — WestJet pilots are bound for a 24 per cent pay bump over four years under an agreement-in-principle between the company and the union. Pilots will receive a 15.5 per cent hourly pay raise this year retroactive to Jan.

NEW YORK (AP) — Stocks rose on Wall Street, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence. The S&P 500 rose 1.3% Friday, and the Nasdaq rose 2.2%. The Dow added 1%.