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Manulife reports net income of $1 billion in third quarter

Manulife reports net income of $1 billion in third quarter

TORONTO — Manulife Financial Corp. says its net income rose in the third quarter from last year, supported especially by business growth in Asia.
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Suncor Energy reports third quarter profit of $1.54 billion

Suncor Energy reports third quarter profit of $1.54 billion

CALGARY — Suncor Energy Inc. says it earned a profit of $1.54 billion in the third quarter of 2023, compared to a net loss of $609 million in the prior year's quarter. The Calgary-based energy giant says its earnings work out to $1.
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National Bank no longer offering new safety deposit boxes

National Bank no longer offering new safety deposit boxes

MONTREAL — National Bank won’t offer any more new safety deposit boxes, which allow customers to keep valuable items or important documents at bank branches. It’s the first large Canadian bank to stop offering this service.
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Most actively traded companies on the Toronto Stock Exchange

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 (19,530.21, down 45.38 points): Suncor Energy Inc. (TSX:SU). Energy. Down 81 cents, or 1.84 per cent, to $43.29 on 10.0 million shares.
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Linamar reports net income of $146.7 million in third quarter

Linamar reports net income of $146.7 million in third quarter

GUELPH, Ont. — Linamar Corp. says it sales and income got a boost in the third quarter thanks in part to its diversification efforts away from contracts reliant on gasoline-powered vehicles. Sales were $2.43 billion in the third quarter, up from $2.
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Energy losses drag S&P/TSX composite down Wednesday, U.S. markets mixed

Energy losses drag S&P/TSX composite down Wednesday, U.S. markets mixed

TORONTO — Canada's main stock index edged lower Wednesday, led again by losses in energy as the price of oil continued to decline, while U.S. markets wobbled to a mixed close. The S&P/TSX composite index closed down 45.38 points at 19,530.21.
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AI transformative for finance but not ready for prime time: RBC's McKay

AI transformative for finance but not ready for prime time: RBC's McKay

TORONTO — Artificial intelligence is already showing its potential in transforming the financial sector, even though it's still early days, said RBC chief executive Dave McKay on Wednesday.
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OpenAI CEO Sam Altman raises concerns about AI's effect on future elections

OpenAI CEO Sam Altman raises concerns about AI's effect on future elections

TORONTO — One of the most prominent figures in the world of artificial intelligence is concerned about the technology's potential effects during election campaigns.
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Think scam calls are bad now? Experts warn growing use of AI will make problem worse

Think scam calls are bad now? Experts warn growing use of AI will make problem worse

TORONTO — Generative artificial intelligence is expected to drastically change the way phone scammers target potential victims, including the potential for them to tailor their attacks toward specific recipients.
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Former Bank of Canada governor Stephen Poloz wins National Business Book Award

Former Bank of Canada governor Stephen Poloz wins National Business Book Award

TORONTO — Former Bank of Canada governor Stephen Poloz has won the National Business Book Award this year. Poloz was nominated for a book called "The Next Age of Uncertainty: How the World Can Adapt to a Riskier Future.
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