Skip to content

National Business

Automaker Daimler rebounds after lockdowns, raises outlook

Automaker Daimler rebounds after lockdowns, raises outlook

FRANKFURT — Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and auto sales recovered after the coronavirus lockdowns of earlier in the year.
Read more >
Seth Rogen on fighting cannabis stigma and why pot should be as accepted as beer

Seth Rogen on fighting cannabis stigma and why pot should be as accepted as beer

TORONTO — When actor Seth Rogen was growing up and smoking cannabis in Vancouver, he recalls there was a constant cloud of shame around the substance that still lingers.
Read more >
Surging lumber prices prompt record segment profits and surging third-quarter results

Surging lumber prices prompt record segment profits and surging third-quarter results

VANCOUVER — Canfor Corp. says its net profit surged in the third quarter on record lumber earnings that were driven by an unprecedented increase in prices. The Vancouver-based forest products company says it earned $218.1 million or $1.
Read more >
US: Russian hackers targeting state, local networks

US: Russian hackers targeting state, local networks

WASHINGTON — U.S. officials said Thursday that Russian hackers have targeted the networks of dozens of state and local governments in the United States in recent days, stealing data from at least two servers.
Read more >
Walmart sues US in pre-emptive strike in opioid abuse battle

Walmart sues US in pre-emptive strike in opioid abuse battle

NEW YORK — Walmart is suing the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis.
Read more >
Purdue Pharma pleas could bolster efforts for Canadian opioid class action

Purdue Pharma pleas could bolster efforts for Canadian opioid class action

TORONTO — A Canadian class action against opioid makers will start the process of getting certified in a hearing next month, a key test on how courts here will handle a case that is making waves in the U.S.
Read more >
S&P/TSX composite inches higher on strength of energy and telecommunications sectors

S&P/TSX composite inches higher on strength of energy and telecommunications sectors

TORONTO — Canada's main stock index inched higher on gains by the key energy sector and the result of strong telecommunications quarterly results. The S&P/TSX composite index closed up 49.13 points to 16,279.36.
Read more >
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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,279.36, up 49.13 points.) Air Canada (TSX:AC). Industrials. Up $1.10, or 7.02 per cent, to $16.77 on 7.8 million shares.
Read more >
Rogers says its progress in Q3 shows it's on right track in tough environment

Rogers says its progress in Q3 shows it's on right track in tough environment

TORONTO — Rogers Communications kicked off its industry's fall earnings season Thursday by reporting a healthy recovery from the early months of the COVID-19 pandemic, although the results remained lower than last year as its advertisers and consumer
Read more >
Precision Drilling shares rise despite $28.5M loss, 56 per cent slide in revenue

Precision Drilling shares rise despite $28.5M loss, 56 per cent slide in revenue

CALGARY — Shares in Precision Drilling Corp. closed 8.6 per cent higher on Thursday after it reported a steeper loss and lower revenue in the third quarter but handily beat adjusted earnings expectations.
Read more >