National Business

TORBAY, N.L. — Police in Newfoundland say a man was fatally electrocuted Saturday by a downed power wire about 10 kilometres north of St. John's, N.L.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Shopify results Shopify Inc. is to report its third-quarter results and hold a conference call to discuss them before financial markets open for trading on Tuesday.

TORONTO — Shannon Davidson was let go from her executive role at a marketing firm last year after a merger led to cuts. She knew she wasn't done with her career yet, but finding her next workplace in her mid-50s was a daunting prospect.

HALIFAX — A lot has changed in Nova Scotia since the Progressive Conservatives won a dominant electoral majority in the 2021 election with a targeted focus on health care.

EDMONTON — Longtime Alberta bureaucrat Ray Gilmour has been appointed interim leader of the Alberta Investment Management Corporation, the Crown agency set up to manage public pensions and investments at arm's-length from government.

WASHINGTON (AP) — A Venezuelan subsidiary of a Spanish phone company will pay more than $85 million to resolve a U.S. Justice Department investigation into a scheme to bribe Venezuelan government officials, the department said Friday.

TORONTO — Canada's main stock index moved lower Friday, weighed down by base metals and energy stocks as the price of oil fell, while U.S. markets cruised to close Wall St.'s best week this year on a wave of post-election bets.

NEW YORK (AP) — U.S. stocks cruised to more records as they closed their best week in a year on Friday. The S&P 500 rose 0.4% to cap its biggest weekly gain since early November 2023 and briefly crossed above the 6,000 level for the first time.

MONTREAL — The employers association at the Port of Montreal has issued the dockworkers' union a "final, comprehensive offer," threatening to lock out workers at 9 p.m. Sunday if a deal isn't reached.

Two years after the failed launch of a lending program, Canada Post is making another foray into banking services. The postal service confirmed Friday that it will be offering a chequing and savings account in partnership with Koho Financial Inc.