Oil prices surged past US$125 per barrel Friday on the eve of the U.S. driving season as a weakening U.S. dollar drove investors to snap up commodities.

Industry Minister Jim Prentice says he will proceed with his earlier decision to block the foreign takeover of Canada's premier space technology firm.

The United Nations has halted aid shipments to Burma, stating that the cyclone-ravaged country's military leaders are seizing the humanitarian aid as it arrives in the country.

Despite the 19,200 jobs created by the Canadian economy in April, Statistics Canada says the national unemployment rate edged up to 6.1 per cent from 6.0 per cent in March.

Shiite Hezbollah gunmen seized nearly all of the Lebanese capital's Muslim sector from Sunni foes loyal to the U.S.-backed government on Friday in the country's worst sectarian clashes since the 15-year civil war.