National Business

BILLINGS, Mont.

Amid fierce competition, WestJet will wind down its Swoop subsidiary by late October as it folds the budget airline's operations under its main banner, the airline said Friday.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,892.06, down 50.64): Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 30 cents, or 0.40 per cent, to $75.27 on 14.

LONDON (AP) — Former U.K. Prime Minister Boris Johnson shocked Britain on Friday by quitting as a lawmaker after being told he will be sanctioned for misleading Parliament.

TORONTO — Canada's main stock index moved lower Friday after a week that saw the central bank raise interest rates, with the market's move led by weakness in industrials, while U.S.

MONTREAL — Shares in Saputo Inc. closed down by 11 per cent Friday after the company's chief executive cautioned negative consumer sentiment could dampen the outlook for the start of its 2024 fiscal year.

MOGADISHU, Somalia (AP) — Witnesses and state media in Somalia say extremists have attacked a beachside hotel in the capital, Mogadishu, and security forces are responding at the site as some people remain trapped inside.

AUSTIN, Texas (AP) — A Texas businessman at the center of the scandal that led to the historic impeachment of state Attorney General Ken Paxton was charged Friday with making false statements to mortgage lenders to obtain $172 million in loans.

OTTAWA — Canada's unemployment rate ticked up in May for the first time in nine months, but forecasters say the Bank of Canada will have to see more softening in the economy before it takes it takes a step back from raising interest rates.

OTTAWA — A quick look at Canada's May employment (numbers from the previous month in brackets): Unemployment rate: 5.2 per cent (5.0) Employment rate: 62.1 per cent (62.4) Participation rate: 65.5 per cent (65.