National Business

OTTAWA — New analysis from the parliamentary budget officer suggests the federal government would pocket $4.4 billion in additional revenue if it extended the Canada Revenue Dividend to the oil and gas sector as well as big-box stores.

TORONTO — Manulife Financial Corp. says its earnings slipped in the third quarter as market losses and hurricane costs weighed. The insurance company says it had a net income of $1.35 billion for the quarter ending Sept. 30, down from $1.

MONTREAL — WSP Global Inc. reported revenues of $2.9 billion in the third quarter ended Oct. 1, up 9.3 per cent from last year. The Montreal-based engineering firm says net earnings attributable to shareholders were $127.5 million, or $1.

WASHINGTON — Call it a November surprise. Democrats were basking in a midterm defeat that felt like a big win Wednesday after an electoral all-nighter that remained on track to buck the modern-day U.S.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,344.25, down 316.06 points): Enbridge Inc. (TSX:ENB). Energy. Down 76 cents, or 1.41 per cent, to $53.15 on 18 million shares.

TORONTO — Canada's main stock index was down more than 300 points Wednesday with losses of more than four per cent in energy while U.S. markets also fell substantially.

TORONTO — An earnings boost from wider margins helped push up shares of EQ Bank owner Equitable Group Inc. by more than 12 per cent Wednesday. The jump came as the bank reported record third quarter earnings of $77.6 million, up from $72.

The head of Canopy Growth Corp. has high hopes for the U.S. Senate and potential cannabis legislation after Tuesday's midterm elections.

NEW YORK (AP) — Wall Street closed sharply lower, giving back a big chunk of the gains built in a three-day rally running up to Election Day. The S&P 500 lost 2.1% Wednesday. Several sources of disappointment were behind the drop.

TORONTO — As the busy winter travel season approaches, researchers are looking to use artificial intelligence and surveillance technologies at Canada's airports to help curb the spread of COVID-19.