National Business

TORONTO — Canada's main stock index closed the week essentially unchanged to cap off a losing week, while U.S. markets fell after the Federal Reserve's latest moves to fight inflation. The S&P/TSX composite index closed down 0.

TORONTO — After enjoying a spectacular stock market run this past year, Canadian investors should be prepared for "muted" returns in 2022 as central banks end the stimulus gravy train, experts say.

NEW YORK (AP) — Ghislaine Maxwell's defense rested its case Friday after two days of presenting evidence on the British socialite's behalf. Not among that evidence: testimony from the longtime Jeffrey Epstein associate herself.

NEW YORK (AP) — In exchange for a cryptocurrency token, you can own a digital watercolor painting of Melania Trump's eyes.

CALGARY — The WestJet Group says Austrian Airlines CEO Alexis von Hoensbroech has been named as its next chief executive.

OTTAWA — The federal banking regulator is keeping the interest rate used in a key stress test for uninsured mortgages on hold.

BERLIN (AP) — Members of Germany's biggest opposition party, the center-right Christian Democratic Union of former Chancellor Angela Merkel, chose prominent conservative Friedrich Merz as its new leader, the party said Friday.

CALGARY — Imperial Oil Ltd. says it expects its capital spending to total $1.4 billion next year.

CALGARY — Calfrac Well Services Ltd. says George Armoyan has been appointed as interim chief executive officer. In connection with the change, Ronald Mathison move from his role as executive chairman to just chairman of the company.

SARAJEVO, Bosnia-Herzegovina (AP) — For an evening, some migrants in Bosnia were able to escape the hardship of their everyday lives for the glamour of fashion world.