National Business

NEW YORK (AP) — Stocks rallied Friday to send Wall Street to its best day in six weeks. The S&P 500 rose 1.6% to cap its first winning week in the last four as relaxing yields in the bond market took some pressure off Wall Street.

ST. JOHN'S, N.L. — Newfoundland and Labrador's long-suffering Muskrat Falls hydroelectricity project has encountered new problems ahead of a final round of testing that must take place during the colder months of the year.

DEARBORN, Mich. (AP) — Ford will increase production of six models this year, half of them electric, as the company and the auto industry start to rebound from sluggish U.S. sales in 2022.

TORONTO — Contract talks between nurses and the Ontario Hospital Association have broken down and will now head to arbitration, the nurses' union said Friday.

CALGARY — Suncor Energy Inc. has taken another step toward streamlining its business, signing a deal to sell its offshore assets in the North Sea to Equinor UK Ltd. in an agreement valued at about $1.2 billion.

TORONTO — Greater Toronto Area home prices fell almost 18 per cent from last February — the largest year-over-year drop on record — as the number of properties sold was halved, the region's real estate board said.

NEW YORK (AP) — Amazon is pausing construction of its second headquarters in Virginia following the biggest round of layoffs in the company’s history and shifting landscape of remote work .

TORONTO — Indigo Books & Music Inc. revealed this week that a massive systems outage it's been dealing with for almost a month was triggered by ransomware.

CALGARY — Parkland Corp. says it will not go ahead with its plan to build a stand-alone renewable diesel complex at its refinery in Burnaby, B.C.

TORONTO — Martinrea International Inc. reported a profit of $46.2 million in its latest quarter compared with a loss of nearly $9.7 million a year ago as its revenue rose more than 20 per cent.