National Business

MONTREAL — Air Canada is revising its cancellation policy amid mounting customer frustration, offering travellers the option of a voucher with no expiration date or Aeroplan points if the airline cancels their flight due to the COVID-19 pandemic.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (14,913.64, up 28.79 points.) HEXO Corp. (TSX:HEXO). Health care. Up 15 cents, or 20.55 per cent, to 88 cents on 24.5 million shares.

TORONTO — Canada's main stock index capped a good week by moving slightly higher Friday amid escalating tensions between the U.S. and China. The S&P/TSX composite index closed up 28.79 points at 14,913.

MONTREAL — Flight simulator company CAE Inc. saw profits fall six per cent last quarter due to the impact of the COVID-19 pandemic — and the turbulence isn't over.

REGINA — Saskatchewan is reporting five new cases of COVID-19, mostly from the far north. Health officials say the provincial total sits at 627, with 521 people having recovered.

SACRAMENTO, Calif. — California's unemployment rate nearly tripled to 15.

“Full House” star Lori Loughlin and her fashion designer husband, Mossimo Giannulli, pleaded guilty Friday to paying half a million dollars to get their two daughters into the University of Southern California as part of a college admissions bribery

CALGARY — The owner of the Ekati diamond mine is proposing a transaction that would allow it to exit court protection from creditors, provide operating funds and eventually restart the suspended Northwest Territories mine.

FORT LAUDERDALE, Fla.

BEIJING — China’s No. 2 leader on Friday promised higher spending to revive its pandemic-stricken economy and curb surging job losses but avoided launching a massive stimulus on the scale of the United States or Japan.