National Business

The federal government is ordering the dissolution of TikTok's Canadian business after a national security review of the Chinese company behind the social media platform, but stopped short of ordering people to stay off the app.

Quebecor Inc. says it recorded its best quarter for wireless customer acquisitions in its history during the three-month period that ended Sept. 30, though it reported its profit and revenue edged lower.

TORONTO — Manulife Financial Corp. reported a profit increase last quarter that was driven by growth in Asia, while the company says it's also seeing a boost from its push into artificial intelligence.

The number of Americans applying for jobless aid ticked up last week but layoffs remain at historically low levels. The Labor Department reported Thursday that jobless claim applications rose by 3,000 to 221,000 for the week of Nov. 2.

TORONTO — Hundreds of people will lose access to supervised consumption sites in Toronto when the province closes five of them next year, which will likely mean more public drug use and more overdoses, a new study suggests.

TORONTO — Canada Goose Holdings Inc. trimmed its financial guidance as it reported its second-quarter revenue fell compared with a year ago, thanks in part to weaker consumer confidence.

CALGARY — TC Energy Corp.'s Southeast Gateway pipeline project in Mexico is on track to come in 11 per cent below budget and should be operational no later than mid-2025, the Calgary-based company said Thursday.

TORONTO — Barrick Gold Corp. reported a third-quarter profit of US$483 million, up from US$368 million a year ago as its revenue rose 18 per cent. The gold miner, which keeps its books in U.S.

TORONTO — Canadian Tire Corp. Ltd. executives are seeing early signs that consumers could soon ease up on the careful shopping habits they adopted to cope with inflation, but their outlook on the economy is still far from rosy.

LONDON (AP) — The Bank of England cut its main interest rate by a quarter of a percentage point to 4.75% on Thursday after inflation across the U.K.