National Business

MONTREAL — DavidsTea Inc. brewed its first annual profit in seven years as it capped a recovery year by swinging to a profit in the fourth quarter. The Montreal-based beverage company, which has dramatically restructured its operations, earned $78.

NEW YORK — The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology stocks added to Wall Street's losses in April, leaving the S&P 500 with its biggest monthly skid since the start of the pa

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,762.00, down 359.06 points.) Cenovus Energy Inc. (TSX:CVE). Down $1.08, or 4.4 per cent, to $23.75 on 16.6 million shares.

CALGARY — The head of Canadian pipeline giant TC Energy Corp. says the company sees a future opportunity to get involved in providing small-scale nuclear power for Alberta's oilsands.

TORONTO — Weak results from Amazon soured sentiment as North American stock markets fell to wrap up a dismal April with Canada's main index posting its fifth consecutive month of declines.

MONTREAL — The head of the Quebec bar owners' association says some suds sellers could soon run dry because of an ongoing strike at a Molson Coors brewery.

IQALUIT — A company that runs the largest mining operation in Nunavut says it has awardedtens of millions of dollars in contracts to Inuit firms in the hamlet of Sanirajak, but some residents say they don’t know where that money has gone. An Oct.

CALGARY — High oil prices helped Imperial Oil Ltd. post its highest first-quarter profit in over 30 years Friday, though production at the company's Kearl oilsands mine was less than anticipated due to extreme cold weather and unplanned downtime.

TORONTO — Magna International Inc. cut its outlook for the year due to lower than expected global auto production and increased costs as it reported a first-quarter profit of US$364 million Friday. Magna, which keeps its books in U.S.

GATINEAU, Que. — Musical chairs is continuing at Hexo Corp. as the cannabis company has announced the appointment of its third chief executive in six months.