National Business

National Bank of Canada's $5-billion takeover of Canadian Western Bank has cleared its final regulatory hurdle.

NEW YORK (AP) — U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The S&P 500 rallied 1.1% Friday to shave its loss for the week down to 2%.

A Canadian company that has received a US$40-million grant from Bill Gates' climate solutions venture firm says its Alberta test site will be removing carbon directly from the atmosphere as early as this spring.

The organizations representing chartered professional accountants in Quebec and Ontario are officially split from CPA Canada.

TORONTO — Home affordability in Canada is improving, according to a new RBC Economics report, but strains remain. The report, released Friday, said home ownership costs in Canada have eased for three consecutive quarters.

FRANKFURT, Germany (AP) — Volkswagen and its employee representatives said Friday they have reached a wage deal for 120,000 German workers that avoids plant closings and bars involuntary layoffs through 2030.

FRANKFURT, Germany (AP) — Volkswagen's employee representatives said Friday they have reached a wage deal that wards off management proposals for plant closings in Germany and bars involuntary layoffs through 2030.

HALIFAX — Ottawa has hatched a plan to redistribute the wealth of Nova Scotia's baby eel harvest from large licence holders to hard-working, individual fishers like Suzy Edwards and Mark Weldon.

OTTAWA — The Finance Department says the federal deficit was $14.5 billion between April and October. That compares to a $15.1 billion deficit over the same period last year. According to the monthly fiscal monitor, revenues were up $26.

WASHINGTON (AP) — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains.