National Business

OTTAWA — A consequential report on Canada Post largely backs the Crown corporation's story about its flagging business, experts say, and bodes poorly for the union attempting to negotiate a better deal for the postal service's workers.

OTTAWA — Opposition parties attacked Prime Minister Mark Carney Wednesday for being vague about his plans after his government said it would not table a federal budget before the House of Commons rises for the summer.

MONTREAL — A Quebec labour tribunal has begun hearing a case against Amazon over the e-commerce giant's closure in January of seven warehouses in the province.

OTTAWA — Canada and other countries should not give up on doing business with the United States, former South Carolina governor Nikki Haley said Friday at the B7 summit conference in Ottawa. Haley, U.S.

MONTREAL — A group of Quebec investors has reached a deal to acquire and relaunch Lion Electric, offering a second chance to the struggling vehicle-maker. The St-Jérôme, Que.

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.