National Business

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.

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.

MONTREAL — Saputo Inc. says it is closing its facility in Lancaster, Wis., and plans to move production to another location in the state. The Montreal-based company says about 100 employees will be affected by the decision.

While BCE Inc. is “well on track” to meet its fibre internet build targets, the company’s chief executive has warned that the company is prepared to delay progress in 2024 in the face of regulatory uncertainty.

PANAMA CITY (AP) — Facing a second week of impassioned, nationwide protests, Panama's National Assembly has nearly passed a new law revoking a controversial mining contract in an environmentally vulnerable part of country.

Shopify Inc.'s net income soared to US$718 million in its third quarter as the company benefited from a lower head count and a more careful approach to expenses. "We've been very disciplined in the back office.