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National Business
Grocer profits in 2022 top five-year average, Loblaw beats best results: report
Canada's top three grocers all posted higher profits this year compared with their average performances over the last five years, new research from Dalhousie University has found.
Nov 3, 2022 9:21 AM
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Quebecor reports increase in profit for third quarter, as revenue slips
MONTREAL — Quebecor Inc. is reporting a rise in profits in the third quarter even as revenue slipped compared with the same period a year earlier.
Nov 3, 2022 9:15 AM
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Slightly fewer Americans apply for jobless aid last week
WASHINGTON (AP) — Applications for jobless benefits fell slightly last week with the U.S. job market remaining resilient in the face of rising interest rates and persistent inflation. Unemployment claims for the week ending Oct.
Nov 3, 2022 8:44 AM
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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 8:36 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 8:07 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 4:00 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 11:51 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 8:56 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 6:47 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 6:47 PM
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