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CALGARY — Suncor Inc. says it recorded a net loss of $609 million in the third quarter as it took a writedown of $3.4 billion against its share of the Fort Hills oilsands mine.

VANCOUVER — Social media company Hootsuite Inc. says it is laying off five per cent of its staff, just a few months after it laid off 30 per cent as part of a global restructuring.

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding a central role in the midterm elections.

SASKATOON — Nutrien Ltd. says it earned US$1.6 billion in the third quarter of 2022, up 118 per cent from the same three-month period in 2021. The Saskatoon-based fertilizer giant says its profit in the quarter works out to $2.

TORONTO — Sun Life Financial Inc. says its profit was down 54 per cent in the third quarter compared with a year earlier due to general market declines, and also recorded a $170 million charge related to its sale of Sun Life UK.

OTTAWA — A senior government official says Finance Minister Chrystia Freeland's fall economic statement will propose to tax corporate stock buybacks in a bid to encourage companies to invest in their domestic operations and workers.

TORONTO — Spin Master Corp. says it earned US$141.4 million in the third quarter of 2022, or $1.33 cents per diluted share, compared with earnings of $135.3 million a year earlier. The Toronto-based toy and entertainment company, which reports in U.

VAUGHAN, Ont. — GFL Environmental Inc. reported a revenue increase of almost 33 per cent at $1.8 billion for the third quarter of 2022, up from a year earlier and raised its guidance for the year on the strength of those gains. The Vaughan, Ont.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,277.01, down 240.70 points): Barrick Gold Corp. (TSX:ABX). Materials. Down 98 cents, or 4.76 per cent, to $19.60 on 12.

CALGARY — With oil and gas companies under increased scrutiny for how they choose to use their record-breaking profits in 2022, the chief executive of Cenovus Energy Inc.