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VICTORIA — Prime Minister Justin Trudeau has announced the appointment of longtime businesswoman and philanthropist Wendy Lisogar-Cocchia as British Columbia's 31st lieutenant-governor.

The typical excitement and celebratory vibes of a cabinet shuffle were absent earlier Friday, as eight backbench Liberals were promoted to cabinet and four existing ministers got new or additional roles.

TORONTO — Canada's main stock index gained almost 200 points Friday as markets broadly rose to end a rocky trading week, with the main U.S. indexes each gaining more than one per cent. The S&P/TSX composite index closed up 185.

If such a vote were to pass, it would trigger an election. The House is scheduled to sit again until Jan. 27.

NEW YORK (AP) — U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The S&P 500 rallied 1.1% Friday to shave its loss for the week down to 2%.

TORONTO — Home affordability in Canada is improving, according to a new RСÀ¶ÊÓƵ Economics report, but strains remain. The report, released Friday, said home ownership costs in Canada have eased for three consecutive quarters.

OTTAWA — The Finance Department says the federal deficit was $14.5 billion between April and October. That compares to a $15.1 billion deficit over the same period last year. According to the monthly fiscal monitor, revenues were up $26.

Two-month tax holiday saves customers pennies

Inflation, elevated interest rates, market disruptions drove business failures in key sectors