National Business

NEWARK, N.J.

EDSON — Canadian National Railway says it's investigating after two trains appear to have "sideswiped" each other in northern Alberta.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Inflation Statistics Canada will put out its latest reading for inflation on Tuesday when it publishes its consumer price index for April.

OTTAWA — Canadian motorists were paying less at the pump in April after the Liberals nixed the consumer carbon price — a move economists expect will help keep inflation around the Bank of Canada's two per cent target as tariff woes percolate.

Bruce Davidson remembers the E. coli outbreak that ravaged his hometown 25 years ago as a "strange dream.

TORONTO — Canada's main stock index rose in Friday trading amid strength in industrial and financial stocks, while U.S. markets also gained. The S&P/TSX composite index was up 74.45 points at 25,971.93.

CALGARY — The mayor of Crowsnest Pass in southwestern Alberta says the Alberta Energy Regulator's approval of a controversial coal exploration project on the eastern slopes of the Rocky Mountains is long overdue. "I think they finally woke up.

CALGARY — The executive chairman of Strathcona Resources Ltd. says his company aims to join two complementary oilsands players with its unsolicited takeover bid for MEG Energy Corp., but one analyst calls the $5.

CALGARY — The May long weekend is when gasoline prices tend to start levelling off ahead of the high-demand summer driving season.

NEW YORK (AP) — U.S. stocks closed out another strong week on a positive note. The S&P 500 rose 0.7% Friday, its fifth gain in a row and bringing its gain for the week to 5.3%. It was the third week of solid gains in the last four.