National Business

VANCOUVER, Wash. — After immigrating to Canada from Kenya with dreams of starting her own business, entrepreneur Jackee Kasandy soon concluded that Canadian banks weren't keen on opening their vaults to folks like her.

As Canadians increasingly look to drink less or not at all, non-alcoholic beverage companies are working hard to meet the rising demand and are sometimes struggling to keep up.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Markets closed The Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange and Montreal Exchange will be closed on Monday for Ontario's Family Day holiday.

OTTAWA — When Sean Whyte opened a fashion store in early 2020, he had no idea a global pandemic would force him to throw out his business plan within a couple of months.

OTTAWA — The Liberal government met the "very high threshold" for invoking the Emergencies Act to clear last winter's "Freedom Convoy" protests, which spiralled out of control because of failures in policing and federalism, the Public Order Emergency

TORONTO — CIBC says it has entered into an agreement to settle a lawsuit filed against it by private equity firm Cerberus Capital Management LP.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,515.24, down 91.18): Air Canada (TSX:AC). Industrials. Down $1.95, or 8.42 per cent, to $21.20 on 9.8 million shares.

TORONTO — Losses in the energy sector weighed Canada's main stock index down Friday, while U.S. markets were mixed, pulled lower by tech. The S&P/TSX composite index closed down 91.18 points at 20,515.24.

NEW YORK (AP) — Stocks ended mixed on Wall Street after paring losses from the morning. The S&P 500 still posted its first back-to-back weekly declines since the turn of the year. The index lost 0.3% Friday.

OTTAWA — High household savings in Canada and the U.S. may help both countries avoid a severe downturn as high interest rates ripple through the economy.