National Business

TORONTO — Canada's main stock index rose for a second-straight week as commodity prices continued to march higher with oil surpassing US$115 per barrel Friday over worries about the war in Ukraine.

OTTAWA — A parliamentary committee says a proposed multibillion-dollar takeover of one of Canada's largest telecoms should not proceed. But the House of Commons industry and technology committee says if Rogers Communications Inc.

Bombardier Inc. and Canadian Tire Corp. have joined other Canadian companies in suspending their Russia-linked operations following country's unprovoked invasion of Ukraine.

NEW YORK (AP) — Stocks around the world racked up more losses Friday, as even a gangbusters report on the U.S. jobs market can't pull Wall Street’s focus off its worries about the war in Ukraine. The S&P 500 fell 0.

Shopify Inc. says it has taken down the vast majority of content that five textbook publishers say is pirated and infringes on their trademarks.

OTTAWA — The Public Policy Forum says "urgent" action is needed from the Canadian government to level the playing field between news media and tech giants such as Meta and Google amid broad revenue declines in the media industry.

WASHINGTON (AP) — In a buoyant sign for the U.S. economy, businesses stepped up their hiring last month as omicron faded and more Americans ventured out to spend at restaurants, shops and hotels despite surging inflation.

CALGARY — Floods in B.C. and the temporary shutdown of the Trans Mountain pipeline in the fourth quarter of 2021 cost Parkland Corp. approximately $35 million.

CALGARY — The chief executive of MEG Energy Corp. sees "tremendous demand" for Alberta oil due to the war in Ukraine and a European energy crisis.

TORONTO — Venture capital experts say higher interest rates could trim sky-high valuations Canadian startups have grown accustomed to over the last couple of years, but not right away.