Indigenous

CALGARY — Canadian Natural Resources Ltd. president Tim McKay will retire next year after a five-year leadership stint that coincided with the Calgary-based company surpassing $100 billion in market value.

TORONTO — Ontario tabled its fall economic statement Thursday that shows the province delaying its path to balance by a year and the government proposing to launch its own infrastructure bank to fund major projects.

MONTREAL — Gildan Activewear Inc. says it earned US$127.4 million in the third quarter, down 16.7 per cent from US$153 million a year earlier. The Montreal-based company says net sales rose 2.3 per cent to US$869.

The unprecedented volatility in fertilizer markets that’s contributed to Nutrien Ltd.'s lower earnings so far this year is stabilizing, said chief executive Ken Seitz. "Much of that is behind us," said Seitz in an interview Thursday.

MONTREAL — Cogeco Inc. reported a profit attributable to shareholders of $29.2 million in its fourth quarter, down 19.8 per cent from earnings of $36.4 million during the same period a year ago.

TORONTO — James Hinchcliffe, a six-time winner on the IndyCar circuit, headlines the Canadian Motorsports Hall of Fame’s Class of 2023. The 36-year-old from Oakville, Ont.

OTTAWA — The public inquiry into foreign interference in Canada will "maximize the public disclosure" of the evidence it gathers without compromising national security, the judge heading it up said on Thursday.

VANCOUVER — The Real Estate Board of Greater Vancouver says the region continues to see an increase in newly listed properties, but sales still lag behind long-term trends. The board says October home sales totalled 1,996, a 3.

TORONTO — DesRosiers Automotive Consultants Inc. says new vehicle sales defied affordability headwinds to rise an estimated 20 per cent in October compared with last year.

CALGARY — TransAlta Corp. has signed a deal to buy Heartland Generation Ltd. and its power generation business in Alberta and B.C. in a deal valued at $658 million, including assumed debt.