National Business

TORONTO — Canada's main stock index resumed its upward climb to end a strong week that was shaped by heightened hopes for a COVID-19 vaccine. The S&P/TSX composite index closed up 93.46 points to 16,675.64, rising 2.4 per cent for the week.

TORONTO — Canadian kids anxiously awaiting a visit with Santa Claus at their local mall will have to settle for a very different experience this year.

NEW YORK — A huge fear for Wall Street coming into this month was a contested U.S. presidential election, one that could drag the market through more painful uncertainty.

TORONTO — Canada's largest theatre saw 91 per cent fewer moviegoers during the summer compared with last year, pushing the company to roll out new offerings for film lovers. Cineplex Inc. said Friday that only 1.

CALGARY — Inter Pipeline says it hopes to conclude its search for a partner in its $4-billion petrochemical project now under construction near Edmonton in the first half of next year.

TORONTO — Onex Corp. says its private equity investments increased in value this year, despite the economic volatility caused by the COVID-19 pandemic. The company, which manages a fund that bought WestJet Airlines Ltd.

MONTREAL — Dorel Industries said Friday its board has agreed to a deal that will take the Montreal-based company private. Under the agreement, a group led by an affiliate of Cerberus Capital Management LP will buy Dorel for $14.

WASHINGTON — U.S. wholesale prices rose moderately in October as food costs jumped by the largest amount in five months.

TORONTO — One of the godfathers of artificial intelligence says the last year has created a "watershed" moment for the technology, but we have to be careful not to let our fears keep us from exploring it more.

CALGARY — Western Canadians tired of isolating at home are filling the slopes at mountain ski resorts that have opened earlier than usual despite worries about surging cases of COVID-19.