National Business

TORONTO — Barrick Gold Corp. reported its third-quarter profit fell compared with a year ago as it faced higher costs and its gold production fell compared with the same quarter last year. The gold miner, which keeps its books in U.S.

KYIV, Ukraine (AP) — Not long after Russian tanks rolled into Ukraine, soldiers broke down the office door of Melitopol Mayor Ivan Fedorov.

TORONTO — A new survey says Canadian employers are concerned about employee burnout and high turnover amid the ongoing labour shortage.

BEIJING (AP) — Asian stock markets tumbled Thursday after the Federal Reserve added to recession fears by saying it wasn't finished raising U.S. interest rates to cool inflation. Hong Kong's benchmark lost 3.1%.

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.