National Business

TORONTO — Turquoise Hill Resources Ltd. says if Rio Tinto's proposal to take the company private does not go ahead its immediate priority will be to address the company's liquidity concerns.

OTTAWA — Low-income Canadians are the hardest hit by high inflation and will be disproportionately affected by the impending economic slowdown, Bank of Canada governor Tiff Macklem said during a speech Monday.

TORONTO — Shawcor Ltd. reported a $23-million profit in its latest quarter compared with a loss a year ago as its revenue rose about 15 per cent.

Susan Lambert is in the process of having her entire home renovated and is hopeful it will be completed by early next year. "We are knee-deep in a reno," she said.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Economic data Statistics Canada will release its monthly survey of manufacturing report and wholesale trade figures for September on Tuesday.

Pivot Air's chief executive says paperwork filed in a Dominican Republic court Friday could allow the airline's five staff kept in the Caribbean nation since April to return home soon.

Health Canada is recalling portable generators by brands Generac and DR after reports of finger amputations in the U.S.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,111.51, up 121.15): Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down $2.95, or 19.24 per cent, to $12.34 on 16.

TORONTO — The S&P/TSX composite continued its rally Friday, rising more than 120 points and closing above 20,000 points for the first time since late August, while U.S. markets also rose. The S&P/TSX composite index was up 121.

MYKOLAIV, Ukraine (AP) — Ukraine’s president said Friday that special military units have entered Kherson, a major regional capital that Russian forces had captured early in the war.