National Business

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%.

WASHINGTON — A bipartisan group of U.S. lawmakers is urging the State Department to ask that Americans be exempted from Canada's tax on foreign property owners.

Canada's competition watchdog is putting its weight behind some longtime cannabis industry asks including easing restrictions on cannabis packaging and adjusting limits on how much of pot’s psychoactive component can be in edible products.

SEOUL, South Korea (AP) — A passenger opened an emergency exit door during a plane flight in South Korea on Friday, causing air to blast inside the cabin and slightly injure 12 people, officials said. The plane landed safely.