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Suncor reports net loss in third quarter as it takes writedown on Fort Hills

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.
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Hootsuite announces second round of layoffs in four months amid restructuring

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.
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Powell: Rate hikes may slow, but inflation fight hardly over

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.
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Nutrien earns US$1.6B in third quarter, but lowers full-year guidance

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.
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Sun Life reports Q3 net income of $466 million, down 54 per cent from last year

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.
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Spin Master sees revenues drop 12.7 per cent as consumers battle inflation

Spin Master sees revenues drop 12.7 per cent as consumers battle inflation

TORONTO — Spin Master Corp. says it earned US$141.4 million in the third quarter of 2022, or $1.33 cents per diluted share, compared with earnings of $135.3 million a year earlier. The Toronto-based toy and entertainment company, which reports in U.
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GFL raises guidance as revenue up 33 per cent in third quarter, net loss decreases

GFL raises guidance as revenue up 33 per cent in third quarter, net loss decreases

VAUGHAN, Ont. — GFL Environmental Inc. reported a revenue increase of almost 33 per cent at $1.8 billion for the third quarter of 2022, up from a year earlier and raised its guidance for the year on the strength of those gains. The Vaughan, Ont.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,277.01, down 240.70 points): Barrick Gold Corp. (TSX:ABX). Materials. Down 98 cents, or 4.76 per cent, to $19.60 on 12.
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Cenovus CEO takes aim at oil and gas critics; says sector pays billions in taxes

Cenovus CEO takes aim at oil and gas critics; says sector pays billions in taxes

CALGARY — With oil and gas companies under increased scrutiny for how they choose to use their record-breaking profits in 2022, the chief executive of Cenovus Energy Inc.
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S&P/TSX composite index, U.S. markets down on Fed rate hike

S&P/TSX composite index, U.S. markets down on Fed rate hike

TORONTO — Canada's main stock index was down more than 240 points by the end of Wednesday after a late-afternoon slump, while U.S. markets took a similar tumble, after another outsized rate hike by the Federal Reserve.
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