National Business

OTTAWA — Statistics Canada says the annual pace of inflation picked up in September to reach its highest level since February 2003. The agency says its consumer price index in September was up 4.4 per cent compared with a year ago.

TORONTO — Magna International Inc. is lowering its outlook for the year as a result of lower than expected auto production as the industry continues to struggle with a shortage of semiconductor chips.

OTTAWA — Hexo Corp. has named Scott Cooper as the cannabis company's new president and chief executive, effective immediately. Cooper is president and CEO of Truss Beverages, a joint venture between Hexo and Molson-Coors.

MONTREAL — CGI Inc. says it has signed a deal to acquire Spanish company Cognicase Management Consulting (CMC). Financial terms of the deal were not immediately available. CMC was founded in 1993.

It's a scary Halloween season for retailers that are scrambling to stock their shelves in time for the holiday.

WASHINGTON (AP) — Facebook is paying a $4.75 million fine and up to $9.5 million to eligible victims to resolve the Justice Department’s allegations that it discriminated against U.S.

Netflix posted sharply higher third-quarter earnings Tuesday thanks to a stronger slate of titles, including “Squid Game,” the dystopian survival drama from South Korea that the company says became its biggest-ever TV show.

Canadian National Railway Co.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,086.99, up 101.62 points.) Suncor Energy Inc. (TSX:SU). Energy. Down one cent, or 0.04 per cent, to $28.68 on 10.7 million shares.

CALGARY — As Canada's largest airlines struggle to pick up the pieces in the wake of the COVID-19 pandemic, an Edmonton-based discount carrier with ambitious expansion plans has been looking for opportunities amidst the wreckage.