National Business

HAMILTON — Stelco Holdings Inc. says its year-over-year earnings increased 53 per cent in the second quarter of 2022 to $554 million, or $7.67 per diluted share.

TORONTO — Manulife Financial Corp. says it saw a $1.6-billion drop in earnings in the second quarter compared with a year earlier as market turmoil hit its bottom line. The insurance giant says it had net income of $1.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,885.94, up 307.64 points.) Barrick Gold Corp. (TSX:ABX). Materials. Down six cents, or 0.28 per cent, to $21.10 on 14.

Canada's main stock index made triple-digit gains Wednesday while U.S. markets also surged on the release of new data suggesting U.S. inflation may have finally peaked. The latest Consumer Price Index report from the U.S.

MONTREAL — Canada's transport regulator says its backlog of air passenger complaints is growing as a staff shortage comes up against a summer of airport chaos — itself due in part to labour shortages.

TORONTO — The Ontario Cannabis Store says its distribution centre is resuming some service after a cyberattack on one of its logistics partners caused the provincial pot wholesaler to halt deliveries this week.

GUELPH, Ont. — Linamar Corp. says sales climbed in its last quarter on increased market share and higher pricing while profits saw a modest dip in part on higher input costs.

MONTREAL — CAE Inc. reined in its earnings forecast for the year after reporting a 96 per cent year-over-year profit decrease last quarter due to supply chain problems and writedowns on a pair of pricey defence projects.

HALIFAX — Nova Scotia’s Environment Department has approved an application from the owners of the Touquoy gold mine to raise the height of the wall of its existing tailings waste pond.

WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades . Consumer prices jumped 8.