National Business

Five things to watch for in the Canadian business world in the coming week

TORONTO — Picture a broken-down car at the side of the road. Most likely, it's an image of a frustrated driver looking under the hood or using their phone to call for help. But that may be changing.

CALGARY — Enbridge Inc. could benefit from increased volumes on its Mainline oil pipeline network if the startup of the Trans Mountain pipeline expansion is significantly delayed, the Calgary-based energy infrastructure firm said Friday.

RICHMOND, Va. (AP) — Legislation underpinning a plan to relocate the NBA’s Washington Wizards and NHL’s Washington Capitals across the Potomac River to northern Virginia easily cleared an early hurdle in the state legislature Friday.

Prime Minister Justin Trudeau trash-talked BCE Inc.'s widespread layoffs Friday, calling cuts to Bell Media a "garbage decision." "I'm furious," Trudeau told reporters at a press conference in King City, Ont.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (21,009.60, up 89.96 points): Bitfarms Ltd. (TSX:BITF). Finance. Up 29 cents, or 8.56 per cent, to $3.68 on 6.6 million shares.

TORONTO — Canada's main stock index posted a modest gain Friday, while U.S. markets were mixed but the S&P 500 surpassed 5,000 points for the first time. The S&P/TSX composite index closed up 89.96 points at 21,009.60.

MONTREAL — The head of Canada's largest trucking firm says rampant undercutting of labour laws is harming companies like his as well as drivers, a problem felt all the more acutely in lean economic times.

Telus Corp.

OTTAWA — The Bank of Canada will be in no rush to cut interest rates after Statistics Canada reported a larger-than-expected employment gain last month, economists say.