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Fed pulls back economic aid in face of rising uncertainties

Fed pulls back economic aid in face of rising uncertainties

WASHINGTON (AP) — If you find the current economy a bit confusing, don’t worry: So does the nation’s top economic official, Federal Reserve Chair Jerome Powell.
CP shareholders to vote Dec. 8 on issuing shares for Kansas City Southern deal

CP shareholders to vote Dec. 8 on issuing shares for Kansas City Southern deal

CALGARY — Canadian Pacific Railway Ltd. says its shareholders will vote next month on the issuance of shares in connection with its proposed acquisition of Kansas City Southern.
Sun Life reports $1.02 billion net income in third quarter

Sun Life reports $1.02 billion net income in third quarter

TORONTO, Australia — Sun Life Financial Inc. says it earned $1.02 billion in the third quarter, up from $750 million in the same quarter last year as it saw growth in asset management and its Asian division.
Fed pulls back economic aid in face of rising uncertainties

Fed pulls back economic aid in face of rising uncertainties

WASHINGTON (AP) — If you find the current economy a bit confusing, don’t worry: So does the nation’s top economic official, Federal Reserve Chair Jerome Powell.
Recipe Unlimited says Q3 results surged from a year ago and nearly doubled from 2019

Recipe Unlimited says Q3 results surged from a year ago and nearly doubled from 2019

VAUGHAN, Ont. — Recipe Unlimited Corp. is reporting a big increase in its third-quarter results with net income surging from last year and nearly doubling its 2019 profits. The Ontario-based restaurant company says it earned $13.
Manulife Q3 net profit drops due to charge while adjusted earnings increase

Manulife Q3 net profit drops due to charge while adjusted earnings increase

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.
Tourmaline reports $361 million third-quarter profit, record quarterly cash flow

Tourmaline reports $361 million third-quarter profit, record quarterly cash flow

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.
Spin Master raises 2021 revenue guidance after Q3 results handily beat expectations

Spin Master raises 2021 revenue guidance after Q3 results handily beat expectations

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.

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 (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.
Fed decision to begin winding down stimulus boosts North American stock markets

Fed decision to begin winding down stimulus boosts North American stock markets

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.