National Business

TORONTO — WeWork Inc. is seeking an early exit of several Canadian leases as part of bankruptcy proceedings for the once high-flying office sharing company.

CALGARY — The CEO of one of the oilsands companies behind the Pathways Alliance says the group expects to provide a significant update on its proposed $16.5-billion carbon capture and storage project within the next couple of months.

OTTAWA — Canada's merchandise trade surplus more than doubled in September as higher oil prices helped boost energy exports.

MISSISSAUGA, Ont. — The slide in consumer spending has squeezed Cargojet Inc.'s bottom line, its CEO says, as Canadians shell out less on goods that land on shelves and doorsteps after a trip by air freighter.

LISBON, Portugal (AP) — Portuguese Prime Minister António Costa said Tuesday he is resigning after being involved in a widespread corruption probe.

VANCOUVER — Ballard Power Systems Inc. reported a larger loss in its latest quarter compared with a year ago despite a nearly 30 per cent rise in revenue. The fuel cell company, which keeps its books in U.S. dollars, says it lost US$62.

CALGARY — TransAlta Corp. reported its third-quarter profit rose compared with a year ago as its power production and revenue also came in higher.

MARKHAM, Ont. — Pet Valu Holdings Ltd. reported net income of $18.0 million in its latest quarter, down from $27.0 million a year ago, even as its revenue rose.

MONTREAL — Business leaders continue to grapple with fallout from the rift between the Canadian and Indian governments, saying the suspension of free trade talks helps no one.

OTTAWA — As the deadline to repay pandemic loans and receive partial forgiveness approaches, small businesses are still hoping the federal government will reverse course and extend it for another year.