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Surging lumber prices prompt record segment profits and surging third-quarter results

Surging lumber prices prompt record segment profits and surging third-quarter results

VANCOUVER — Canfor Corp. says its net profit surged in the third quarter on record lumber earnings that were driven by an unprecedented increase in prices. The Vancouver-based forest products company says it earned $218.1 million or $1.
US: Russian hackers targeting state, local networks

US: Russian hackers targeting state, local networks

WASHINGTON — U.S. officials said Thursday that Russian hackers have targeted the networks of dozens of state and local governments in the United States in recent days, stealing data from at least two servers.
Walmart sues US in pre-emptive strike in opioid abuse battle

Walmart sues US in pre-emptive strike in opioid abuse battle

NEW YORK — Walmart is suing the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis.
Purdue Pharma pleas could bolster efforts for Canadian opioid class action

Purdue Pharma pleas could bolster efforts for Canadian opioid class action

TORONTO — A Canadian class action against opioid makers will start the process of getting certified in a hearing next month, a key test on how courts here will handle a case that is making waves in the U.S.
S&P/TSX composite inches higher on strength of energy and telecommunications sectors

S&P/TSX composite inches higher on strength of energy and telecommunications sectors

TORONTO — Canada's main stock index inched higher on gains by the key energy sector and the result of strong telecommunications quarterly results. The S&P/TSX composite index closed up 49.13 points to 16,279.36.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,279.36, up 49.13 points.) Air Canada (TSX:AC). Industrials. Up $1.10, or 7.02 per cent, to $16.77 on 7.8 million shares.
Rogers says its progress in Q3 shows it's on right track in tough environment

Rogers says its progress in Q3 shows it's on right track in tough environment

TORONTO — Rogers Communications kicked off its industry's fall earnings season Thursday by reporting a healthy recovery from the early months of the COVID-19 pandemic, although the results remained lower than last year as its advertisers and consumer
Precision Drilling shares rise despite $28.5M loss, 56 per cent slide in revenue

Precision Drilling shares rise despite $28.5M loss, 56 per cent slide in revenue

CALGARY — Shares in Precision Drilling Corp. closed 8.6 per cent higher on Thursday after it reported a steeper loss and lower revenue in the third quarter but handily beat adjusted earnings expectations.
Corus sees glimmers of growth from its content studios but ad revenue under pressure

Corus sees glimmers of growth from its content studios but ad revenue under pressure

TORONTO — Corus Entertainment continued to suffer from the economic effects of COVID-19 during June, July and August but the pandemic had an uneven impact on different parts of its business during the quarter, its chief executive said Thursday.
Goldman Sachs subsidiary pleads to US charges in 1MDB probe

Goldman Sachs subsidiary pleads to US charges in 1MDB probe

WASHINGTON — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.