National Business

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (down 162.67 points at 19,418.23): Power Corporation of Canada. (TSX:POW). Finance. Down 64 cents, or 1.83 per cent, to $34.36 on 8.

TORONTO — Canada's main stock index dropped on Friday as the price of oil stayed below US$70 a barrel and losses in the base metal and battery metal stocks weighed on the Toronto market. The S&P/TSX composite index was down 162.

TORONTO — Netflix Canada is done with being basic. The streaming giant says it's phasing out the $9.99 "basic" option from its price plans, taking away the cheapest subscription without ads.

NEW YORK (AP) — Another drop for stocks helped drag Wall Street to its first losing week in the last six. The S&P 500 closed 0.8% lower Friday, pulling back further from last week when it reached its highest level in more than a year.

TORONTO — Ritual says it has laid off about 40 per cent of its company. The cut carried out by the Toronto-based food pickup service amounts to about 38 workers.

HALIFAX — The church musician often napped after service. But on this Sunday in late May, it was a short rest. She awoke to a message from her minister. "There's a wildfire raging. A nearby subdivision is being evacuated.

TORONTO — BCE Inc.'s media arm is asking the federal telecommunications regulator to waive local news and Canadian programming requirements for its television stations, saying its obligations are based on outdated market realities.

Workers at 150 Starbucks locations will strike in the coming week over what their union says is a clash over decor supporting LGBTQ+ causes, but the company denies it's banned any such displays and accused the union of using misinformation as a tacti

OTTAWA — Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate to slow significantly.

A "Baby Shark" bath toy has been recalled in Canada because its plastic fin may cause lacerations. Health Canada says people should immediately stop using the Zuru Robo Alive Junior Baby Shark Toy with the model number 25282.