National Business

MONTREAL — Michael Wenger still remembers the patches of blood red and vivid violet that daub the landscape of the Northwest Passage. “People usually think it's ice and glaciers and rocks.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Telecom conference The Canadian Telecom Summit begins on Monday in Toronto.

A breakdown in contract negotiations has prompted plans by Rogers Communication Inc. to lock out nearly 300 former Shaw technicians on Monday after the union issued a 72-hour notice of workers' intent to walk off the job.

VANCOUVER — The cost savings from recent layoffs at Telus Corp. will have a bigger impact on the company’s financial results in the coming quarters, Telus president and CEO Darren Entwistle said.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,824.85, up 198.51 points): Baytex Energy Corp. (TSX:BTE). Energy. Down 17 cents, or 2.73 per cent, to $6.06 on 11.6 million shares.

TORONTO — Markets on both sides of the border ended the week on a sunny note after a pair of reports showed signs of cooling in the job market on both sides of the border, lending optimism to investors looking for certainty.

VANCOUVER — Shares of Vancouver-based mining company First Quantum bounced back 11 per cent Friday after losing nearly half their value this week, following a key reversal by Panamanian lawmakers.

NEW YORK (AP) — Wall Street steamrolled even higher to add more gains to its best week nearly a year. The S&P 500 rose 0.9% Friday. The Dow added 222 points, and the Nasdaq composite rose 1.4%.

CALGARY — The CEO of Pembina Pipeline Corp. says the company needs more certainty over timing, regulations and costs related to the Trans Mountain expansion project before deciding whether to make an offer for an equity stake in the pipeline.

HARRISON HOT SPRINGS, B.C. — A state of local emergency has lifted in the Village of Harrison Hot Springs, east of Vancouver, just days after it was issued when problems at the local water treatment facility put water availability at risk.