National Business

MONTREAL — Power Corp. beat expectations as its net profit attributable to shareholders surged nearly 47 per cent to $741 million in its latest quarter. The Montreal-based holding company says it earned $1.

TORONTO — Mining company Kinross Gold Corp. reported weaker results in its latest quarter as gold production and sales fell by nearly 20 per cent from the prior year following a fire at its Tasiast mill in West Africa in June.

MONTREAL — The US$1-trillion infrastructure package passed by Congress on Friday marks a boon for WSP Global Inc., says the CEO of the Montreal-based engineering firm.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,461.93, down 132.59 points.) Harte Gold Corp. (TSX:HRT). Materials. Down one cent, or 33.33 per cent, to two cents on 14.

TORONTO — North American stock markets sank midweek as the hottest U.S. inflation numbers in more than 30 years had investors worrying that central banks will speed up interest rate hikes. The S&P/TSX composite index closed down 132.

WASHINGTON (AP) — A worsening surge of inflation for such bedrock necessities as food, rent, autos and heating oil is setting Americans up for a financially difficult Thanksgiving and holiday shopping season. Prices for U.S. consumers jumped 6.

MONTREAL — CGI Inc. said new bookings were the driving force behind a 37 per cent profit increase last quarter, as continued need for IT services in the COVID-19 pandemic boosted revenue.

The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic.

TORONTO — Leon's Furniture Ltd. says it earned a record $63.8 million in its latest quarter, up from $49.1 million a year earlier, as revenue also set a record high.

CALGARY — Drilling activity in the Canadian oilpatch will return to pre-pandemic levels in 2022, according to a new industry forecast.