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Hexo auditor raises 'substantial doubt' about company as it reports $67.9M loss in Q4

Hexo auditor raises 'substantial doubt' about company as it reports $67.9M loss in Q4

Hexo Corp.'s auditor raised serious concerns about the company's future as it reported a $67.9 million net loss in its latest quarter.
SNC-Lavalin Group shares fall on earnings miss despite swinging to Q3 profit

SNC-Lavalin Group shares fall on earnings miss despite swinging to Q3 profit

MONTREAL — SNC-Lavalin Group Inc. shares fell after the engineering firm missed expectations despite swinging to a profit in its third quarter, boosted by the sale of its oil and gas business. The Montreal-based firm's shares lost $2.25 or 6.
Imperial Oil praises the 'difference a year makes'; reports $908M Q3 profit

Imperial Oil praises the 'difference a year makes'; reports $908M Q3 profit

CALGARY — Imperial Oil Ltd.'s chief executive lauded "what a difference a year makes" as the Calgary-based company reported its highest third-quarter production in more than 30 years against a backdrop of surging oil prices.
Materials, financials push S&P/TSX composite lower but market rebounds in October

Materials, financials push S&P/TSX composite lower but market rebounds in October

TORONTO — Materials and financials pushed Canada's main stock index lower to end the week but the Toronto market rebounded strongly in October from a weak start to fall. Friday started on the wrong foot after two of the largest U.S.
Economy looks to have posted weak rebound in Q3 with global headwinds set to worsen

Economy looks to have posted weak rebound in Q3 with global headwinds set to worsen

OTTAWA — The Canadian economy appears to have rebounded in the third quarter after it stumbled and contracted during the preceding three-month stretch.. Statistics Canada's initial estimate suggests the economy grew at an annual rate of 1.
FDA paves way for Pfizer COVID-19 vaccinations in young kids

FDA paves way for Pfizer COVID-19 vaccinations in young kids

WASHINGTON (AP) — The Food and Drug Administration on Friday paved the way for children ages 5 to 11 to get Pfizer's COVID-19 vaccine.
Real estate board reports Metro Vancouver's Q2 commercial sales strongest since 2017

Real estate board reports Metro Vancouver's Q2 commercial sales strongest since 2017

VANCOUVER — The Real Estate Board of Greater Vancouver says commercial real estate sales remained strong through the second quarter of this year, reaching levels not seen since 2017.
US consumer spending up a modest 0.6% with inflation high

US consumer spending up a modest 0.6% with inflation high

WASHINGTON (AP) — American consumers slowed their spending to a gain of just 0.6% in September, a cautionary sign for an economy that remains in the grip of a pandemic and a prolonged bout of high inflation.
Prosecutors urge prison for Michael Avenatti in Nike case

Prosecutors urge prison for Michael Avenatti in Nike case

NEW YORK (AP) — New York prosecutors urged a judge Friday to order California lawyer Michael Avenatti to begin serving a 2 1/2-year prison term, more than a year after he was convicted of trying to extort up to $25 million from Nike.
Federal deficit hits $57 billion nearing halfway of fiscal year

Federal deficit hits $57 billion nearing halfway of fiscal year

OTTAWA — The federal government ran a deficit of more than $57 billion over the first five months of its fiscal year, about $114 billion less than the treasury pumped out during the same stretch one year earlier.
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