National Business

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.

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.

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.

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.

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.

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.