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National Business
National Business
Barrick reports Q3 profit and gold production down from year ago
TORONTO — Barrick Gold Corp. reported its third-quarter profit fell compared with a year ago as it faced higher costs and its gold production fell compared with the same quarter last year. The gold miner, which keeps its books in U.S.
Nov 3, 2022 5:36 AM
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Russians try to subdue Ukrainian towns by seizing mayors
KYIV, Ukraine (AP) — Not long after Russian tanks rolled into Ukraine, soldiers broke down the office door of Melitopol Mayor Ivan Fedorov.
Nov 3, 2022 5:07 AM
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Employers concerned about worker burnout, retention amid tight job market: survey
TORONTO — A new survey says Canadian employers are concerned about employee burnout and high turnover amid the ongoing labour shortage.
Nov 3, 2022 1:00 AM
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Asia stocks fall after Fed says more US rate hikes likely
BEIJING (AP) — Asian stock markets tumbled Thursday after the Federal Reserve added to recession fears by saying it wasn't finished raising U.S. interest rates to cool inflation. Hong Kong's benchmark lost 3.1%.
Nov 2, 2022 8:51 PM
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Suncor reports net loss in third quarter as it takes writedown on Fort Hills
CALGARY — Suncor Inc. says it recorded a net loss of $609 million in the third quarter as it took a writedown of $3.4 billion against its share of the Fort Hills oilsands mine.
Nov 2, 2022 5:56 PM
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Hootsuite announces second round of layoffs in four months amid restructuring
VANCOUVER — Social media company Hootsuite Inc. says it is laying off five per cent of its staff, just a few months after it laid off 30 per cent as part of a global restructuring.
Nov 2, 2022 3:47 PM
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Powell: Rate hikes may slow, but inflation fight hardly over
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding a central role in the midterm elections.
Nov 2, 2022 3:47 PM
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Nutrien earns US$1.6B in third quarter, but lowers full-year guidance
SASKATOON — Nutrien Ltd. says it earned US$1.6 billion in the third quarter of 2022, up 118 per cent from the same three-month period in 2021. The Saskatoon-based fertilizer giant says its profit in the quarter works out to $2.
Nov 2, 2022 3:19 PM
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Sun Life reports Q3 net income of $466 million, down 54 per cent from last year
TORONTO — Sun Life Financial Inc. says its profit was down 54 per cent in the third quarter compared with a year earlier due to general market declines, and also recorded a $170 million charge related to its sale of Sun Life UK.
Nov 2, 2022 3:03 PM
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Liberals to propose corporate stock buyback tax in fall economic statement: source
OTTAWA — A senior government official says Finance Minister Chrystia Freeland's fall economic statement will propose to tax corporate stock buybacks in a bid to encourage companies to invest in their domestic operations and workers.
Nov 2, 2022 2:51 PM
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