National Business

VICTORIA — The jobless rate in British Columbia continues to climb, increasing to 13.4 per cent last month, but Finance Minister Carole James says there are signs of growing confidence.

The Trump administration said Friday it will let Chinese airlines operate a limited number of flights to the U.S., backing down from a threat to ban the flights. The decision came one day after China appeared to open the door to U.S.

OTTAWA — The federal government will delay a planned auction of 3,500-megahertz wireless spectrum by six months, a move that could affect how the Canadian telecom industry rolls out fifth-generation network services.

MONTREAL — Bombardier Inc. will cut 2,500 workers from its plane-making division as demand for the company's main source of income — private jets — falls amid a recession and feeble travel demand.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,854.07, up 326.20 points.) Air Canada (TSX:AC). Industrials. Up 87 cents, or 4.48 per cent, to $20.29 on 19.7 million shares.

TORONTO — North American stock markets ended the week on fire following surprisingly positive jobs reports in Canada and the United States. The S&P/TSX composite index hit a three-month high and closed up 326.20 points or 2.1 per cent at 15,854.

WASHINGTON — U.S. unemployment dropped unexpectedly in May to 13.

As companies begin to think about a return of staff to their offices, some firms are looking at a more permanent shift to work-from-home through flexible arrangements or even shuttering some office spaces as the COVID-19 shutdown moves from weeks int

WestJet Airlines Ltd. has quietly changed its refund policy to allow some customers whose flights were cancelled due to the pandemic to recoup their cash.

TORONTO — Independent internet service provider VMedia has launched its own live, on-demand streaming service.