National Business

WASHINGTON (AP) — President-elect Donald Trump announced Friday that he'll nominate former George Soros money manager Scott Bessent, an advocate for deficit reduction , to serve as his next treasury secretary.

Walmart Canada says it's getting rid of property controls relating to retail competition across the country.

CALGARY — Premier Danielle Smith says a robust passenger train system in Alberta will be key to meeting her government's goal of a $25-billion tourism economy.

CALGARY — As Alberta prepares to make sweeping changes to fix its flailing auto insurance system, experts say extreme weather remains the wild card.

TORONTO — Canada's main stock index rose Friday, helped by strength in industrial stocks, while U.S. markets also posted gains to end the week. The S&P/TSX composite index closed up 53.60 points at 25,444.28.

FREDERICTON — The Canadian Food Inspection Agency says oyster samples from New Brunswick's east coast have tested positive for two diseases, one of which has been found for the first time in Canada.

Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%.

DETROIT (AP) — Hyundai and Kia are recalling over 208,000 electric vehicles to fix a pesky problem that can cause loss of drive power, increasing the risk of a crash.

NEW YORK (AP) — Bitcoin extended its streak of record highs after ticking above $99,000 for the first time. The cryptocurrency has rocketed more than 40% in just two weeks.

MONTREAL — Canada Post saw hundreds of millions of dollars drain out of its coffers last quarter, due largely to its dwindling share of the parcels market — while an ongoing strike continues to batter its bottom line.