National Business

VICTORIA — British Columbia has prohibited mining activities on new jade tenures in the northwest, while setting a five-year wind-down period for existing operators.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (22,308.93, down 66.90 points): Baytex Energy Corp. (TSX:BTE). Energy. Down 41 cents, or 7.99 per cent, to $4.72 on 16.5 million shares.

TORONTO — Canada's main stock index edged lower Friday after closing at a record high the day before as markets reacted to a much stronger-than-expected jobs report, while U.S. stock markets were mixed. The S&P/TSX composite index closed down 66.

CALGARY — Exploring a potential purchase of the Trans Mountain oil pipeline is not a major priority right now for Pembina Pipeline Corp., the Calgary-based company said.

The federal government has asked the Canada Industrial Relations Board to review whether a strike by rail workers would jeopardize Canadians' health and safety, adding a new element of uncertainty in the lead-up to potential job action.

CALGARY — After a recent spree of large-scale transactions cementing it as the dominant player in two major North American petroleum plays, Crescent Point Energy Corp. says it is done with buying and selling assets for the near future.

SACRAMENTO, Calif. (AP) — California has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday — a gap so wide that he's proposing eliminating 10,000 vacant state jobs and cutting spending across 260 state programs.

OTTAWA — The odds of a June interest rate cut from the Bank of Canada appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month.

NEW YORK (AP) — Target confirmed Friday that it won't carry Pride Month merchandise at all stories this spring after the discount retailer experienced backlash and lower sales over its collection honoring LGBTQ+ communities.

The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January, a new report says. The report by Urbanation and Rentals.