National Business

MONTREAL — Air Canada reported that first-quarter revenue nearly doubled compared with a year earlier as travellers hopped back on airplanes en masse — even as higher costs tamped down net earnings. Buoyed by a record $4.

Cryptocurrency exchange giant Binance says it will be withdrawing its services from Canada. In a tweet, it blamed its decision to depart the country on new guidance related to stablecoins and investor limits provided to crypto exchanges.

NEW YORK (AP) — Stocks slipped on Wall Street after a report showed that sentiment is souring among U.S. consumers. The S&P 500 lost 0.2% Friday. The Dow ended barely lower and the Nasdaq gave up 0.4%.

CALGARY — TC Energy Corp. says it has recovered all of the oil that spilled into a Kansas creek as a result of a leak from the Keystone pipeline in December.

CALGARY — Crescent Point Energy Corp. is increasing its use of hedging to protect itself against commodity price swings.

OTTAWA, Ill. — The Bank of Canada has appointed Rhys Mendes as a deputy governor, effective July 17.

TORONTO — A joint venture including SNC-Lavalin Group Inc. and Aecon Group Inc. has signed a 10-year agreement valued at $1.3 billion to extend the life of four of Bruce Power’s Candu nuclear reactors to 2064.

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom said Friday the state's budget deficit has grown to nearly $32 billion. That's about $10 billion more than predicted in January, when the governor offered his first budget proposal.

TORONTO — An onslaught of high-profile films set to hit movie theatres this summer has the chief executive of Canada's largest cinema chain confident that his business is charting a successful rebound from its pandemic woes.

WASHINGTON (AP) — President Joe Biden has nominated Philip Jefferson, a member of the Federal Reserve's Board of Governors, to serve as vice chair of the board, the White House announced Friday.