National Business

CALGARY — Oil from Western Canada is once again trading at a significant discount compared to global prices, and some experts say recovery isn't expected until later in 2023.

NEW YORK — Stocks closed higher on Wall Street Friday, notching sizable weekly gains for major indexes. The benchmark S&P 500 rose 2.4% Friday, while the Dow Jones Industrial Average and the Nasdaq also gained ground.

PARIS (AP) — The Balenciaga fashion house has cut ties with Ye, the rapper formerly known as Kanye West, according to a news report.

NEW ORLEANS (AP) — A federal appeals court has ordered a nine-year-old lawsuit filed against oil and gas companies over damage to Louisiana’s wetlands to be returned to state court for trial, potentially clearing the way for at least 41 similar suits

TORONTO — The Ontario Securities Commission (OSC) is asking the Capital Markets Tribunal to approve a settlement with an Ontario cannabis company and one of its former executives that the regulator alleges failed to file accurate financial statements

Montreal has carved a spot for itself as a global leader in video game development, now it is faced with a new challenge — a labour shortage. The city houses industry leaders including Ubisoft, Warner Bros.

ROSSER — The Manitoba government says it is to spend up to $40 million toward the expansion of North America's largest tri-modal inland port.

LONDON (AP) — A computer hacker who stole unreleased songs from British pop star Ed Sheeran and American rap artist Lil Uzi Vert has been sentenced to 18 months in prison, U.K. prosecutors said Friday.

Statistics Canada says retail sales edged up 0.7 per cent to $61.8 billion in August as high gas prices eased slightly and e-commerce sales increased.

LONDON (AP) — British Prime Minister Liz Truss quit Thursday after a tumultuous and historically brief term marred by economic policies that roiled financial markets and a rebellion in her political party that obliterated her authority.