National Business

Canada’s main stock index on Friday continued to trim the gains that pushed it to a record closing high two days earlier, as investors retreated to defensive stocks while energy and information technology took a hit.

TORONTO — Saks Global is putting some of the blame for Hudson’s Bay’s demise on one of the faltering department store’s top lenders.

CALGARY — The CEO of Crown-owned pipeline operator Trans Mountain Corp. says it could take on other market-expanding pipeline projects if necessary, but that it would be preferable for the private sector to take the lead.

NEW YORK (AP) — Wall Street closed its best month since 2023 with a quiet day of trading. The S&P 500 was essentially flat as it finished a winning week and its first winning month in the last four. The Dow Jones Industrial Average rose 0.

OTTAWA — The Canadian economy got a boost to start the year as businesses rushed to get ahead of tariffs, and some economists believe that lift will be enough to keep the Bank of Canada on the sidelines at its interest rate decision next week.

TORONTO — Hudson’s Bay headed into its last weekend of liquidation sales with its Toronto flagship teeming with shoppers looking for one last treasure from the department store.

Laurentian Bank of Canada says it's making progress on its turnaround efforts as it marks a year of working through its strategic plan.

NEW YORK (AP) — Taylor Swift has regained control over her entire body of work. In a lengthy note posted to her official website on Friday, Swift announced: “All of the music I’ve ever made now belongs to me.

CALGARY — Strathcona Resources Ltd. has formally launched its takeover bid for fellow oilsands producer MEG Energy. Its offer, open until Sept. 15, comprises 0.62 of a common share of Strathcona and $4.

TORONTO — Canada Pension Plan Investment Board says it and Encino Energy are selling their holdings in an Ohio oil and gas producer for US$5.6 billion including debt.