National Business

TORONTO — Canada's main stock index dipped slightly Friday but concluded its best week in nearly seven months while the loonie reached its highest level since January. Positive sentiment was spurred on by a close U.S.

Aerospace firm SpaceX has been granted a second round of government approval to provide high-speed internet to Canadians through a constellation of satellites.

WASHINGTON — U.S. consumers increased their borrowing in September, helped by the first gain in the category that covers credit cards in seven months. The Federal Reserve reported that total borrowing rose by $16.

CALGARY — Trican Well Service Ltd.

CALGARY — There’s opportunity for Canada to help supply the world’s growing need for “energy transition metals” used in electric vehicle and power storage batteries but it faces stiff competition from other countries, especially China, observers say.

Magna International chief executive Don Walker said sustainability, as well as diversity and inclusion, are priorities for car manufacturers that are looking to work with the auto parts maker.

TORONTO — Hydro One Ltd. reported its latest quarterly revenue and profit were up compared with a year ago as a hot summer helped bolster electricity demand.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Air Canada update Air Canada is set to hold a conference call to discuss its third-quarter results on Monday.

Marriott saw dramatic improvement in the third quarter as travel demand rebounded in China. But Marriott President and CEO Arne Sorenson said the recovery remains bumpy, and reinstated lockdowns in Europe and elsewhere could clip bookings.

CALGARY — Enbridge Inc., the operator of the largest crude oil pipeline network in North America, says it will reduce its greenhouse gas emissions intensity to net zero by 2050.