National Business

TORONTO — Canada's main stock market rose more than 100 points to close out the week, driven by utilities, energy and financial stocks, while U.S. markets edged lower. The S&P/TSX composite index closed up 115.30 points at 20,236.04.

NEW YORK (AP) — Stocks closed lower following mixed reports about the U.S. job market and profits at two of Wall Street’s most influential stocks. The S&P 500 fell 0.5% Friday, its fourth straight loss.

Telus Corp. announced Friday it is cutting 6,000 jobs as it seeks to adapt to a "rapidly transforming industry," saying issues such as regulation and competition have prompted the need to reduce its payroll.

OTTAWA — Canada's labour market is softening as the unemployment rate rises for a third consecutive month, offering some evidence the economy is finally slowing down.

WASHINGTON (AP) — The job market has cooled over the summer. But it’s still strong enough to defy predictions that higher interest rates would tip the United States into recession. U.S. employers added 187,000 jobs last month, fewer than expected.

CALGARY — Enbridge Inc. says its most recent quarter delivered a profit of $1.8 billion as it reached a settlement with shippers for tolls on its Mainline pipeline system and moved toward proceeding with its Rio Bravo pipeline project.

CALGARY — TransAlta Corp. reported a profit of $62 million in its latest quarter compared with a loss of $80 million in the same quarter last year.

Magna International Inc. says it recorded a net income of US$339 million in its latest quarter. The auto parts manufacturer, which keeps its books in U.S.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says July's Montreal home sales were little changed from a year ago but remained above the historical average for this time of year.

A wave of layoffs in 2022, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.