National Business

CALGARY — Precision Drilling Corp.

Loblaw says it wants to eliminate commercial property controls in the grocery industry, amid a Competition Bureau investigation into the practice — and it's calling on other grocers to do the same.

The Toronto Transit Commission's board postponed a vote this week on a proposal seeking a seasonal ban on electric bikes and scooters in the transit system over potential fire hazards.

MONTREAL — Air Canada says it's increasing its service to China including daily flights to Beijing. The airline says it's resuming daily flights from Vancouver to the Chinese capital starting on Jan. 15.

INDIANAPOLIS (AP) — Eli Lilly is dialing back its 2024 forecast after underwhelming Wall Street with third-quarter earnings and sales from two key drugs that missed expectations.

WASHINGTON (AP) — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.

OTTAWA — Canada Post has presented its latest contract offer to the Canadian Union of Postal Workers in a bid to reach a new deal without a labour disruption. The new proposal includes annual wage increases amounting to 11.5 per cent over four years.

TORONTO — In a nook of the gleaming new Arc'teryx store on Toronto's Bloor Street West, Jesse Chan and Yamel Zacarias rifled through a rack of jackets most would consider misfits one October afternoon.

CALGARY — Precision Drilling Corp. says it earned $39 million in the third quarter of 2024, nearly double what it earned in the same time period last year. Canada's largest oil-and-gas drilling rig company says the profit works out to $2.

EDMONTON, ALBERTA, CANADA — Alberta Premier Danielle Smith says a potential budget deficit next year is not off the table as oil prices sit below what was projected.