National Business

CALGARY — Suncor Energy Inc. will buy out Teck Resources Ltd.'s 21.3 per cent stake in the Fort Hills oilsands project for approximately $1 billion, the two companies announced late Wednesday.

FREDERICTON — Chijioke Amadi has called Prince Edward Island home for the past 15 years since arriving from Nigeria. He landed in the province in 2007, when he was 21, to study engineering at the University of Prince Edward Island.

TORONTO — TMX Group Inc. saw its revenue and earnings go up in the third quarter of 2022 compared to the same period last year and announcing a dividend of 83 cents per common share Wednesday.

VANCOUVER — West Fraser Timber Co. says its earnings declined to $216 million in the third quarter of 2022, as inflationary cost pressures and slowing demand for the company's products took a bite out of its financial results.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,279.76, up 182.75 points): Enbridge Inc. (TSX:ENB). Energy. Up 54 cents, or 1.04 per cent, to $52.43 on 12.6 million shares.

TORONTO — Aecon Group Inc. says its revenue increased year-over-year while profits dipped slightly in the third quarter of 2022. The Toronto-based construction firm reported a $34.5 million profit for the three months ended Sept.

CALGARY — Canadian Pacific Railway Ltd. says its revenue and earnings for the third quarter were up from last year as it saw strong demand for potash shipping and other services. The Calgary-based railway says revenues of $2.

TORONTO — Canada's main stock index was up almost 200 points on Wednesday, buoyed by strength across all sectors on news of a half-percentage point interest rate hike, while U.S. markets were mixed, weighed down by tech stocks.

OTTAWA — The Bank of Canada announced another hike to its key policy rate of half a percentage point, in an attempt to rein in decades-high inflation rates while facing stalled economic growth.

CALGARY — Crescent Point Energy Corp. announced a special dividend for shareholders Wednesday, as continued high oil prices helped the Calgary-based oil and gas company deliver a five-fold increase in profits in its third quarter.