National Business

BRAMPTON, Ont. — MDA Ltd. reported net income of $9.3 million in its latest quarter, down from $17.9 million a year earlier, as its revenue rose nearly 20 per cent.

CALGARY — South Korean company Posco Holdings is considering investing in the exploration, development and commercialization of lithium in Alberta.

Industry Minister François-Philippe Champagne won't say whether the process to replace a fleet of aging military patrol planes will be an open-source bid, as the heads of Canada's two biggest provinces and Bombardier Inc.

TORONTO — Intact Financial Corp. says it earned $163 million in the third quarter, less than half its earnings a year ago when it brought in $375 million. The company says earnings worked out to 83 cents per share, down from $2.

TORONTO — Indigo Books & Music Inc. reported a net loss of $22.4 million in its second quarter, compared with a net loss of $15.9 million a year earlier. Revenue for the Toronto-based retailer totalled $206.9 million, down from $236.

Canada's tech community is applauding a proposal by the Alberta government that would allow more workers to use the "software engineer" title.

NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall for the office-sharing company that once promised to upend the way people went to work around the world.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,575.59, down 168.35 points): Crescent Point Energy Corp. (TSX:CPG). Energy. Down $1.08, or 9.87 per cent, to $9.86 on 14.

TORONTO — Losses in the energy sector dragged Canada's main stock index down Tuesday, while U.S. markets rose, led by gains on the Nasdaq. The S&P/TSX composite index closed down 168.35 points at 19,575.59.

Quebec Finance Minister Eric Girard has cut his projections for the province's economic growth in 2024 and is warning that Canada has entered a period of economic "stagnation.