National Business

TORONTO — Shares of Aecon Group Inc. fell 12 per cent Thursday after the company said it faced challenges with four large fixed-price legacy projects being carried out by joint ventures in which it's a partner.

CALGARY — The outlook for Canada's oil and gas industry heading into 2024 is "exceedingly strong," the CEO of Canada's largest drilling rig contracting company said Thursday. Kevin Neveu, CEO of Calgary-based Precision Drilling Corp.

NEW YORK (AP) — Wall Street fell in mixed trading after some big-name companies warned about an uncertain global economy hitting their upcoming profits. Reports also showed Thursday that the U.S.

Rogers Communications Inc. is closing its CityNews Ottawa radio station and laying off newsroom staff, citing dwindling audiences and regulatory challenges.

WASHINGTON (AP) — The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.

The premiers of Ontario and Quebec are calling on both sides in the St. Lawrence Seaway strike to reach a deal right away, saying the shutdown of the vital trade artery risks significant harm to the region's economy.

CALGARY — A globally recognized artist is to design the rooftop terrace for the Glenbow Museum in Calgary. The 13,000-square-foot terrace will be housed at the JR Shaw Centre for Arts and Culture.

TORONTO — A new report by TD Economics predicts Canadian home sales and average prices will fall over the coming months but pick up by the second quarter next year.

FRANKFURT, Germany (AP) — The European Central Bank left interest rates unchanged Thursday for the first time in over a year as the Israel-Hamas war spreads even more gloom over already downbeat prospects for Europe’s economy.

TORONTO — As an experiment, Kelley Keehn asked ChatGPT to suggest a financial plan for a small Canadian family.