National Business

TORONTO — Oliver & Bonacini Hospitality says Canadian restaurateur Peter Oliver has died at 74, after a battle with cancer.

KYIV, Ukraine (AP) — A Kremlin-orchestrated referendum got underway Friday in occupied regions of Ukraine that sought to make them part of Russia, with some officials carrying ballots to apartment blocks accompanied by gun-toting police.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (18,480.98, down 521.70 points) TC Energy Corp. (TSX:TRP). Energy. Down $3.30, or 5.28 per cent, to $59.21 on 12 million shares.

BEIJING — Stocks fell sharply worldwide Friday on worries an already slowing global economy could fall into recession as central banks raise the pressure with additional interest rate hikes. The Dow Jones Industrial Average fell 1.

TORONTO — Rising fears around future economic growth weighed heavily on markets Friday, pushing Canada's main stock index sharply down along with the commodities that underpin so much of it, while U.S. markets also dropped.

Most of Canada's oilsands producers have made little progress on their goal to decarbonize the sector despite historically high profits and low capital expenditures, a new report said.

BANFF, Alta. — The last of Canada's COVID-19 border restrictions are set to disappear at the end of this month, but some critics say they fear the measures have already caused a lasting decrease in cross-border travel.

YELLOWKNIFE — The owners of a diamond mine in the Northwest Territories say workers have recovered what is likely Canada's largest fancy vivid yellow diamond. The Arctic Canadian Diamond Company says the 71.

One expert at the intersection of journalism and policy says Postmedia Network Inc.'s decision to end the Monday print edition of nine of its urban daily newspapers next month is an "important moment" for news media in Canada.

TORONTO — Ontario ended the last fiscal year with a $2.1-billion surplus – a far cry from the $33-billion deficit projected in the budget – thanks to inflation and stronger economic growth, officials said Friday.