Economy, Law & Politics

Two people were seriously injured when welding work ignited a shaker tank later thought to contain fuel.

TORONTO — Canada's main stock index rose Friday, helped by strength in industrial stocks, while U.S. markets also posted gains to end the week. The S&P/TSX composite index closed up 53.60 points at 25,444.28.

OTTAWA — The Liberal government is pulling out the federal wallet to put more money into people's pockets over the holidays, but its recently announced affordability measures create winners and losers.

Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%.

NEW YORK (AP) — Bitcoin extended its streak of record highs after ticking above $99,000 for the first time. The cryptocurrency has rocketed more than 40% in just two weeks.

MONTREAL — Canada Post saw hundreds of millions of dollars drain out of its coffers last quarter, due largely to its dwindling share of the parcels market — while an ongoing strike continues to batter its bottom line.

WorkSafeBC says Highline Mushrooms West Limited has repeatedly failed to ensure proper first aid on its site in Abbotsford.

OTTAWA — Foreign Affairs Minister Mélanie Joly welcomed president-elect Donald Trump's pick for the next U.S. ambassador in Ottawa, a former longtime Michigan congressional representative who voted for NAFTA and later wavered on new free trade deals.

WorkSafeBC says it found repeated safety code violations on the part of the resort and spa operators.

Park board chair: "This is a centralization of power that does not benefit the people in Vancouver."