National Business

CALGARY — Experts say 1,500 recently announced job losses at Suncor Energy Inc. are an example of the type of "collateral damage" that can occur when an activist investor comes calling.

CALGARY — A boil-water advisory remains in effect for three communities in southwest Calgary after a water main break at a nearby construction site.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,024.63, up 352.38): Suncor Energy Inc. (TSX:SU). Energy. Up 71 cents, or 1.84 per cent, to $39.25 on 22.5 million shares.

WASHINGTON (AP) — The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool .

TORONTO — Canada's main stock index jumped more than 350 points Friday, driven by gains in energy, industrials, financials and metals. Meanwhile, U.S.

More than one-quarter of Air Canada flights experienced delays on Friday as the airline worked to return service to normal following a technical malfunction the previous day.

NEW YORK (AP) — Stocks rushed higher after a strong report on the U.S. job market eased Wall Street’s worries about a possible recession. The S&P 500 jumped 1.5% Friday, while the Dow soared 701 points.

DES MOINES, Iowa (AP) — An Iowa task force has completed its search for survivors at the site of a partially collapsed Davenport apartment building without finding three missing people who are feared dead, authorities said Friday.

TORONTO — The slowdown in Toronto's housing market continued to slip away last month as home sales came in higher than they were a year ago and prices edged closer to pandemic highs.

VANCOUVER — The Real Estate Board of Greater Vancouver says May home sales rose 15.7 per cent from a year earlier. The B.C.