National Business

ROME — Pope Francis says the coronavirus pandemic has proven that the “magic theories” of market capitalism have failed and that the world needs a new type of politics that promotes dialogue and solidarity and rejects war at all costs.

PARIS — Hermes headlined Saturday’s installment of Paris Fashion Week with a cinematic, surrealist runway staging, but the lack of celebrities attending and the patchy drizzle put a slight dampener on the usually high-octane events.

A B.C. court has approved the sale of struggling outdoor recreation retailer Mountain Equipment Co-op to a U.S. private investment firm. In an oral ruling Friday, B.C.

TORONTO — North American stock markets partially recovered on Friday from deep early losses caused by uncertainty after U.S. President Donald Trump said he had tested positive for the coronavirus.

OTTAWA — A Federal Court of Appeal judge has dismissed an attempt by Canada's transportation regulator to prevent a hearing on its stance on flight credit for travellers.

WASHINGTON — The final jobs report before Election Day a month from now showed hiring slowed in September even as the U.S. unemployment rate fell to 7.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,199.25, up 14.71 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 45 cents, or 2.9 per cent, to $15.95 on 10.4 million shares.

MONTREAL — Canada's two main railways notched another record-setting quarter for grain shipments, benefiting from strong global demand, a bumper crop, efficient cars and more capacity due to smaller hauls of other products amid the COVID-19 pandemic.

CALGARY — Oilsands and retail fuel giant Suncor Energy Inc. says it will eliminate as many as 1,930 jobs over the next 18 months as a result of cost-cutting to deal with low oil prices and market volatility.

PARIS — From escapism at the disco, to resistance and aggression, even to pondering the importance of the postal service while working from home, designers in Paris have presented divergent creative responses to the global health crisis as spring-sum