National Business

TORONTO — Canada's main stock index posted a modest gain Friday, while U.S. markets were mixed but the S&P 500 surpassed 5,000 points for the first time. The S&P/TSX composite index closed up 89.96 points at 21,009.60.

MONTREAL — The head of Canada's largest trucking firm says rampant undercutting of labour laws is harming companies like his as well as drivers, a problem felt all the more acutely in lean economic times.

Telus Corp.

OTTAWA — The Bank of Canada will be in no rush to cut interest rates after Statistics Canada reported a larger-than-expected employment gain last month, economists say.

TORONTO — Globalive Capital Inc. founder Anthony Lacavera says the investment firm has entered into an agreement to acquire Wealth One Bank of Canada. He says by email that the proposed transaction is pending all regulatory and government approvals.

SAULT STE. MARIE, Ont. — Algoma Steel Group Inc. says five workers were taken to hospital after an incident on Wednesday night at the north casthouse of its blast furnace complex.

TORONTO — Indigo Books & Music Inc.'s chief executive says the retailer's last year has been "challenging" and it could be a while until its financial results recover.

SMITHS FALLS, Ont. — Canopy Growth Corp. reported a net loss of $216.8 million in its latest quarter compared with a loss of $264.4 million a year earlier. The cannabis company says the loss amounted to $2.

The prince said he had been vindicated, and vowed: “Our mission continues.”

OTTAWA — The national unemployment rate was 5.7 per cent in January. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.