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Health care, energy companies power US stock market higher

Wall Street capped a day of volatile trading with a late-afternoon buying spree that sent U.S. stock indexes to a mostly higher finish Friday.

Despite the 11th-hour rally, the benchmark S&P 500 index ended with its second weekly loss in four weeks.

Friday, November 16, 2018 | 06:49 PM

Bombardier CEO holds off on a cash request from the government — for now

MONTREAL - The head of Bombardier Inc. said he held off on asking Quebec’s economy minister for cash at a meeting Friday, but told him the regional jet program is nonetheless in need of “additional support.”

“I pointed to the CRJ,” CEO Alain Bellemare said in an interview, but added he wasn't ready to comment on potential public support for the ailing jet program.

Friday, November 16, 2018 | 06:47 PM

Beloved toy store FAO Schwarz makes its comeback

NEW YORK - Three years after it closed its beloved toy store on Fifth Avenue, FAO Schwarz has returned to New York.

A new FAO opened Friday in Manhattan's Rockefeller Center, about 10 blocks from its former home near Central Park.

Friday, November 16, 2018 | 06:43 PM

Don't sign USMCA until LGBTQ language excised, U.S. lawmakers urge Trump

WASHINGTON - Canada's fraught new trade pact with the United States and Mexico is facing a new challenge: a group of conservative U.S. lawmakers who say its language on sexual orientation and gender identity is inappropriate and an affront to national sovereignty.

In a letter to the White House flagged Friday by the U.S. website Politico, a coalition of 40 members of Congress is urging President Donald Trump not to sign the U.S.-Mexico-Canada Agreement unless the language is excised.

Friday, November 16, 2018 | 05:57 PM

TSX ends down week higher even as oil post sixth straight week of falling prices

TORONTO - Canada's largest stock index ended a down week in the black Friday as gold pushed the loonie and the materials sector higher and oil endured its sixth consecutive week of declining prices.

The January crude contract was unchanged at US$56.68 per barrel Friday but was down almost six per cent for the week as it ended an unprecedented 12-day run of falling prices. West Texas Intermediate was down 26 per cent from its peak in early October.

Friday, November 16, 2018 | 05:43 PM

WestJet updates training in response to plane issues linked to Lion Air crash

WestJet Airlines Ltd. says it has updated its training in response to revelations of a design issue in the Boeing 737 Max, the aircraft at the centre of a deadly crash off the coast of Indonesia last month.

A Lion Air Max 8 passenger jet plunged into the Java Sea on Oct. 29 just minutes after taking off from the Indonesian capital of Jakarta, killing all 189 people on board. Moments earlier, the pilot had requested permission to return to the airport because of a problem controlling the plane.

Friday, November 16, 2018 | 04:56 PM

Government to act quickly if Saturday midnight deal deadline breached: source

OTTAWA - The Trudeau government gave one final push Friday to bring the Canada Post labour dispute to a close, suggesting it will act quickly if rotating strikes continue beyond a Saturday midnight deadline for the latest contract offers from the Crown corporation.

Prime Minister Justin Trudeau said last week that "all options will be on the table" to end postal disruptions if there was no progress in bargaining for new contracts.

Friday, November 16, 2018 | 04:40 PM

VW wants to storm car market with cheaper electric model

FRANKFURT - Volkswagen intends to invest 44 billion euros ($50 billion) in the electric and autonomous car technologies expected to reshape the industry — and said it would make battery-powered vehicles more accessible to mass-market auto buyers by selling its new I.D. compact for about what a Golf diesel costs.

The investment plans for the next five years aim to make Volkswagen "a worldwide supplier of sustainable mobility," Chairman Hans Dieter Poetsch said Friday. He added that the company is in talks with Ford about possible co-operation in making light commercial vehicles.

Friday, November 16, 2018 | 02:41 PM

Allies rally to UK's May amid leadership woes over Brexit

LONDON - British Prime Minister Theresa May won support for her beleaguered Brexit deal Friday from key politicians and business groups, but she remained besieged by internal party opponents determined to oust her.

In a tumultuous week, May finally clinched a divorce deal with the European Union — only for it to be savaged by the political opposition, her parliamentary allies and large chunks of her own Conservative Party. Two Cabinet ministers and a handful of junior government members resigned, and grumbles about her leadership erupted into a roar.

Friday, November 16, 2018 | 01:20 PM

Federal fall update expected to offer more support for struggling news industry

OTTAWA - The federal government is expected to lay out fresh plans next week to support Canada's struggling news industry.

The measures, expected in Finance Minister Bill Morneau's fall economic statement Wednesday, will be designed to help journalism remain viable after years of shrinking advertising revenues.

Friday, November 16, 2018 | 01:15 PM