National Business

Small business advocates say the government's mention of credit card transaction fees in Thursday's fall economic statement is a positive step, but won't help businesses deal with rising costs in the short term.

TORONTO — Canada's main stock index was up more than 200 points Friday amid stronger-than-expected jobs data, with strong gains in the financial sector and base metals, while U.S. stock markets also posted gains.

MONTREAL — SNC-Lavalin Inc. reported increased profits in its latest quarter despite feeling the negative effects of currency fluctuations and cost overruns from its fixed-price projects.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,449.81, up 208.59 points): Enbridge Inc. (TSX:ENB). Energy. Up 55 cents, or 1.03 per cent, to $54.17 on 16.4 million shares.

NEW YORK (AP) — Stocks closed higher on Wall Street after another day of uncertain trading as markets weighed the latest reading on the jobs market and what it means for interest rates and the odds of a recession. The S&P 500 rose 1.

CALGARY — The new incentives for clean energy development in the federal government's fall fiscal update will make a real difference in helping to attract investment capital to Canada, the chief executive of Enbridge Inc. said Friday.

OTTAWA — Canadians who are eligible for the GST rebate can expect to receive an additional lump-sum payment as early as Friday.

OTTAWA — The labour market showed signs of life in October with a surprise jump in the number of jobs, but economists still expect to see the economy slow more noticeably in the coming months.

Tech companies are warning businesses could flee Quebec after a pair of court cases paved the way for property tax bills to jump by more than 250 per cent at data centres, medical clinics and even supermarkets.

NEW YORK (AP) — Twitter began widespread layoffs Friday as new owner Elon Musk overhauls the social platform . The company had told employees by email that they would find out by 9 a.m. PDT (noon EDT) if they had been laid off.