National Business

ANAHEIM, Calif.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,773.34, up 360.34 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 97 cents, or 2.41 per cent, to $41.24 on 11.5 million shares.

TORONTO — Canada's main stock index climbed almost 1.9 per cent as commodity prices rose, U.S. markets gained and reported job losses in August suggested Bank of Canada interest rate hikes are working to slow an overheated economy.

NEW YORK — Stocks closed broadly higher on Wall Street, breaking a three-week losing streak. The benchmark S&P 500 index rose 1.5% on Friday, but is still well below where it was in mid-August.

Discount retailer Dollarama Inc. is winning over new customers as Canadian shoppers "trade down" from more expensive stores and gravitate toward the dollar store's cheaper prices amid inflation.

OTTAWA — A rise in the unemployment rate in August, coming on the heels of job losses over the last few months, suggests the economy is beginning to slow amid rising interest rates. The unemployment rate was 5.

HALIFAX — The 2021-22 fiscal year saw Nova Scotia record a “surprise” $350.9-million surplus after forecasting a deficit of $584.9 million in the March 2021 budget, Finance Minister Allan MacMaster said Friday.

TORONTO — Cineplex Inc. says its box office revenue amounted to $36 million in August, a total representing 64 per cent of the figure for August 2019 before the pandemic pummeled the movie theatre industry.

TORONTO — Corus Entertainment Inc. says it currently expects "meaningful" year-over-year softness in television advertising revenue.

OTTAWA — The national unemployment rate was 5.4 per cent in August. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.