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Fairfax Q3 earnings plunge to US$68.6 million on net investment losses

TORONTO — Fairfax Financial Holdings Ltd. says its net earnings plunged 35 per cent to US$68.6 million in the third quarter. The Toronto-based firm, which reports in U.S. dollars, says it earned $2.04 per diluted share for the period ended Sept.
North American stock markets fall on Chinese doubts about trade agreement

North American stock markets fall on Chinese doubts about trade agreement

TORONTO — Canada's main stock index was dragged down along with U.S. markets by Chinese doubts about whether a long-term trade deal can be reached with the United States.
Aecon Group reports flat profits in third quarter as backlog shrinks

Aecon Group reports flat profits in third quarter as backlog shrinks

MONTREAL — Aecon Group Inc. says profits stayed flat last quarter after construction and nuclear projects drove adjusted earnings that slightly topped analysts' expectations. The Toronto-based company says net income nudged up 0.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,483.16, down 18.27 points.) Encana Corp. (TSX:ECA). Energy. Down 37 cents, or 6.69 per cent, to $5.16 on 16.3 million shares.
New SNC-Lavalin CEO says plea deal unlikely despite Liberal election win

New SNC-Lavalin CEO says plea deal unlikely despite Liberal election win

MONTREAL — The head of SNC-Lavalin Group Inc. says he is not expecting a plea deal on criminal charges against the engineering firm in the wake of the Liberal election victory.
Cenovus boosts oil output plans on Alberta move to curtailment relief for rail

Cenovus boosts oil output plans on Alberta move to curtailment relief for rail

CALGARY — Cenovus Energy Inc. says it will add as much as 70,000 barrels per day of oilsands output following the Alberta government's decision to ease production curtailments for producers that add crude-by-rail capacity.
Sidewalk Labs and Waterfront Toronto reach deal on reduced scope for Quayside

Sidewalk Labs and Waterfront Toronto reach deal on reduced scope for Quayside

TORONTO — A contentious development on Toronto's waterfront proposed by Sidewalk Labs has cleared a major hurdle after Waterfront Toronto's board unanimously approved terms for a scaled-back vision of the project.
Gildan lays off 1,700 workers, shutters textile plants in Mexico amid weak sales

Gildan lays off 1,700 workers, shutters textile plants in Mexico amid weak sales

MONTREAL — Gildan Activewear Inc. says it is laying off 1,700 employees in Mexico, where it will close its two textile and sewing plants before April amid weak sales and higher costs.
Correction: HBO Max-Rollout story

Correction: HBO Max-Rollout story

In a story Oct. 29 about AT&T's upcoming streaming service HBO Max, The Associated Press reported erroneously when it will become profitable.

Oil and gas drilling activity expected to fall by 10 per cent in 2020

CALGARY — The association representing oil and gas service companies is predicting a 10 per cent fall from current depressed levels of drilling in Canada next year.
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