National Business

TORONTO — Hydro One Ltd. reported a third-quarter profit of $307 million, up from $300 million in the same quarter last year. The power utility says the profit amounted to 51 cents per diluted share for the quarter ended Sept. 30.

BEIJING (AP) — Asian stock markets surged Friday after U.S. inflation eased by more than expected, spurring hopes the Federal Reserve might scale down plans for more interest rate hikes. Hong Kong's market benchmark jumped 5.4%.

NEW YORK (AP) — Some 250 copy editors, marketing assistants and other employees at HarperCollins Publishers went on strike Thursday, with the two sides differing over wages and benefits, diversity policy and union protection.

The Ontario Teachers' Pension Plan says it invested US$95 million into failing cryptocurrency exchange platform FTX Trading.

Aurora Cannabis Inc.'s chief executive insisted his company was on track to meet its profitability target even as it recorded a $51.9 million net loss and saw consumer pot net revenue fall 28 per cent from a year ago.

MONTREAL — Saputo Inc. saw its net earnings rise by 48 per centin its fiscal 2023 second quarter ended Sept. 30.

CALGARY — The federal Competition Bureau is investigating the Canadian Gas Association to determine if it made misleading statements about the environmental impact of natural gas.

OTTAWA — Air Canada violated federal law by not keeping its maintenance centres in Montreal, Winnipeg and Mississauga operational during the collapse of Aveos a decade ago, the Quebec Superior Court ruled Thursday in favour of thousands of former wor

TORONTO — Summer blockbusters "Minions: The Rise of Gru," "Thor: Love and Thunder" and "Top Gun: Maverick" gave audiences more reasons to return to the movies in the third quarter, benefitting Cineplex Inc.

TORONTO — Canada's main stock index was up almost 650 points in a broad-based rally Thursday,while U.S. stock markets also rose after new data showing inflation in the United States eased in October. The S&P/TSX composite index was up 646.