National Business

TORONTO — Manulife Financial Corp. says its net profit dropped 23 per cent in its recent quarter as investment gains offset a charge related to lower reinvestment assumptions.

CALGARY — Tourmaline Oil Corp. reported record cash flow and net earnings of $361.1 million in the third quarter of 2021. The Calgary-based company says it earned $1.10 per diluted share in the quarter, compared with $4.

TORONTO — Spin Master Corp. raised its sales guidance for the year after handily beating expectations with third-quarter profits soaring 56 per cent as revenues hit a record high. The Toronto-based toy company, which reports in U.S.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,265.10, up 95.09 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Up 18 cents, or 1.21 per cent, to $15.03 on 9.7 million shares.

TORONTO — The U.S. Federal Reserve gave North American stock markets a boost as it announced the economy was strong enough to begin tapering monetary stimulus later this month.

CALGARY — The chief executive of one of Canada's major oilsands producers said he's not opposed to a federal cap on greenhouse gas emissions from the oil and gas sector, as long as the government realizes that large-scale emissions reductions will ta

OTTAWA — Rogers Communications Inc. is urging the federal telecommunications regulator to go ahead as scheduled with its hearings into the company's deal to buy Shaw Communications Inc. BCE Inc. Telus Corp.

RICHMOND, Va.

TORONTO — Prospective homebuyers in the Greater Toronto Area found dramatically fewer homes on the market last month than they did a year ago, pushing sales down and prices up.

SILVER SPRING, Md. (AP) — The rate of expansion in the U.S. services sector, where most Americans work, hit a record high in October as demand remained strong even as supply chain problems persisted.