National Business

TORONTO — Canada's main stock index edged lower Friday after closing at a record high the day before, while U.S. stock markets were mixed. The S&P/TSX composite index closed down 66.90 points at 22,308.93.

The federal government has asked the Canada Industrial Relations Board to review whether a strike by rail workers would jeopardize Canadians' health and safety, adding a new element of uncertainty in the lead-up to potential job action.

CALGARY — After a recent spree of large-scale transactions cementing it as the dominant player in two major North American petroleum plays, Crescent Point Energy Corp. says it is done with buying and selling assets for the near future.

SACRAMENTO, Calif. (AP) — California has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday — a gap so wide that he's proposing eliminating 10,000 vacant state jobs and cutting spending across 260 state programs.

CALGARY — Pembina Pipeline Corp. says while it remains interested in global export opportunities, it isn't devoting much time currently to exploring a potential purchase of the Trans Mountain pipeline.

OTTAWA — The odds of a June interest rate cut from the Bank of Canada appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month.

NEW YORK (AP) — Target confirmed Friday that it won't carry Pride Month merchandise at all stories this spring after the discount retailer experienced backlash and lower sales over its collection honoring LGBTQ+ communities.

The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January, a new report says. The report by Urbanation and Rentals.

OTTAWA — The zoning of a St. John's, N.L., property as a watershed area should guide the process of compensating the owners for expropriation of the land, the Supreme Court of Canada has ruled.

CALGARY — Enbridge Inc.'s proposal to build a major carbon storage hub in Alberta remains on the table, the company said Friday, in spite of Capital Power's recent decision to shelve its own $2.4-billion project associated with the plan.