The Canadian dollar posted its biggest loss in a year against its U.S. peer as the nation's annual inflation rate fell in April to its slowest in more than three years, bolstering the case for relaxing monetary policy.

TORONTO - The Toronto Stock Exchange surged ahead Friday, encouraged by gains from the U.S. markets, after data showed the world's largest economy may be in recovery.

Mobilicity president Stewart Lyons says he's confident a proposal by telecommunications giant Telus Corp. to buy the struggling wireless upstart will clear regulatory hurdles �given the shape we're in.

TORONTO - The Bank of Montreal and its U.S. subsidiary have agreed to beef up efforts to combat money laundering after American authorities found its operations in Chicago lacking.

If you have any shopping planned for this weekend, you'd best get it done before Monday when retail stores around the city will either be closed or operating on holiday hours.

OTTAWA - Staff from Halogen Software Inc. rang the opening bell at the Toronto Stock Exchange Friday as the company's shares began trading publicly for the first time, a sign that Ottawa's once-vibrant technology industry may be beginning to rebound.

Police in New Westminster, B.C., are warning the public about counterfeit polymer $100-bills that have turned up twice in recent weeks.

Prime Minister Stephen Harper made a stark case for the Keystone XL pipeline to an influential New York audience, saying no further debate is necessary and an increasing supply of oil from Canada is inevitable.

The province is budgeting about $280 million for road construction this year. (CBC). The Saskatchewan government has launched highway construction season - with more than $280 million earmarked this year for building new sections of roads.

Plans for a massive underground coal mine south of Courtenay, near Buckley Bay, suffered a major blow Friday with provincial rejection of Compliance Coal Corp.