National Business

WASHINGTON (AP) — The Federal Reserve blamed last month’s collapse of Silicon Valley Bank on poor management, watered-down regulations and lax oversight by its own staffers, and said the industry needs stricter policing on multiple fronts to prevent

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,636.54, up 113.90): TC Energy Corp. (TSX:TRP). Energy. Up $1.18, or 2.14 per cent, to $56.31 on 11.6 million shares.

TORONTO — Canada's main stock index gained more than 100 points Friday on strength in the energy sector, while U.S. indexes also rose to cap off a volatile week in North American markets. The S&P/TSX composite index was up 113.

Canada's industry minister vowed to step in if Canada's major telecom providers don't reach an agreement to ensure wireless service is available for all riders on Toronto's subway system.

NEW YORK (AP) — Wall Street closed out a winning April with gains Friday after more companies said their profits at the start of the year weren’t as bad as expected. The S&P 500 rose 34.13, or 0.8%, to 4,169.48.

TORONTO — Ritual is going to begin charging consumers a fee for every order they place on the food pickup platform. The Toronto-based technology company says users will be charged between 15 and 99 cents for orders under $30 and $1.

CALGARY — Imperial Oil Ltd.

OTTAWA — The Canadian economy's strong bounce back at the start of the year appears to have been short-lived, as new data suggests growth is on a downward trajectory. Statistics Canada said Friday that the economy grew by 0.1 per cent in February.

OTTAWA — The federal government posted a budgetary surplus of $3.1 billion between April 2022 and February 2023. In its monthly fiscal monitor, the Finance Department says the result compared to a deficit of $69.

TORONTO — Canada's film and television industry is anxiously awaiting forthcoming directions from the federal government to the country's broadcasting watchdog, which they say will determine the true impacts of streaming legislation adopted this week