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National Business
National Business
Acquisitions, digital offerings help SunLife Q3 profit hit $750M amid pandemic
TORONTO — Lower acquisition costs and digital offerings helped Sun Life Financial Inc. deliver a 10 per cent increase to its third-quarter net profit.
Nov 5, 2020 5:03 PM
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S&P/TSX composite joins U.S. markets rallying while loonie marches higher
TORONTO — Canada's main stock index had its best performance in five months Thursday as it joined U.S. investors who continue to bask in the glow of expected post-election gridlock.
Nov 5, 2020 5:02 PM
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Great-West Lifeco Q3 profit up 13 per cent from last year to $826M
Great-West Lifeco Inc. managed to notch a 13 per cent increase in net earnings during its third quarter, even as it went on a multi-billion-dollar spending spree.
Nov 5, 2020 5:01 PM
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Fed signals readiness to do more for economy as virus rages
WASHINGTON — The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday and signalled its readiness to do more if needed to support an economy under threat from a worsening coronavirus pandemic.
Nov 5, 2020 5:01 PM
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Saputo Q2 profit slips to $170.8M amid lagging restaurant, food service sales
MONTREAL — Saputo Inc.'s net profit slipped 2.
Nov 5, 2020 4:42 PM
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Tim McKay says conditions right for consolidation as Canadian Natural reports profit
CALGARY — Conditions are right for more merger and acquisition activity in the Canadian oil and gas sector, says the president of Canadian Natural Resources Ltd.
Nov 5, 2020 4:20 PM
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Lightspeed POS buys U.S. company ShopKeep for US$440 million in cash and stock
Lightspeed POS Inc. is shelling out US$440 million in cash and shares to acquire a U.S. cloud-based commerce business and bolster its support for small- and medium-sized businesses struggling during the COVID-19 pandemic.
Nov 5, 2020 3:39 PM
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Ensign Energy Services reports Q3 net loss of $36 million on 60 per cent less revenue
CALGARY — The president of Ensign Energy Services Inc. says activity is beginning to pick up in the North American oil and gas drilling sector after grinding to deep lows earlier this year due to low oil prices.
Nov 5, 2020 3:30 PM
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One-stop shoppers drive sales growth at Canadian Tire amid pandemic
Canadian Tire Corp. Ltd. reported a ramp up in sales in its third quarter Thursday, when pandemic-inspired cooking, home improvement and staycations drove shoppers to the company's eponymous stores.
Nov 5, 2020 3:17 PM
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Suspended 100 Mile House oriented strandboard mill to close permanently
TORONTO — Norbord Inc. says it is permanently closing its oriented strandboard mill in the central B.C. community of 100 Mile House after suspending operations there in August 2019.
Nov 5, 2020 2:04 PM
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