National Business

NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year.

CAPE CANAVERAL, Fla. (AP) — With only a test dummy aboard, Boeing’s astronaut capsule pulled up and parked at the International Space Station for the first time Friday, a huge achievement for the company after years of false starts .

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,197.61, up 15.69 points.) Western Energy Services Corp. (TSX:WRG). Energy. Unchanged at three cents on 22.3 million shares.

TORONTO — Canada's main stock index staged a late rally to post its first winning week in two months despite enduring volatility over concerns about central bank interest rate hikes and warnings that inflation is hammering retailer profits.

Canadians are growing increasingly pessimistic about the economy as inflation drives up the cost of nearly everything and higher interest rates loom. The Conference Board of Canada said Friday consumer confidence decreased 11.

ELLABELL, Ga. (AP) — Hyundai Motor Group officials confirmed Friday the company will spend $5.

MONTREAL — The federal transport minister says Via Rail Canada Inc. president and CEO Cynthia Garneau has resigned. Omar Alghabra says Garneau's resignation is effective Friday and comes three years after she was appointed CEO in May 2019.

MONTREAL — Unifor says workers it represents at Resolute Forest Products' pulp and paper mills in Canada have voted to approve a new contract reached last week. The union says 89.

CALGARY — Gasoline prices in Canada have declined slightly just before the May long weekend, but it's still expected to be a pricey summer at the pumps. As of midday Friday, the average retail price at the pump across Canada was $1.

OTTAWA — The federal government will conduct a public interest assessment of WestJet Airlines Ltd.'s deal to buy Sunwing Airlines and Sunwing Vacations.