National Business

This summer at the movies, Tom Cruise is back in the cockpit behind those iconic aviators. Doctors Grant, Sattler and Ian Malcolm are returning for another round with the dinosaurs. Natalie Portman is picking up Thor’s hammer.

VAUGHAN, Ont. — Recipe Unlimited Corp. is reporting a 62 per cent increase in net profits last quarter despite 79 fewer restaurants and forced closures because of COVID-19. The Ontario-based restaurant company said it earned $21.

MISSISSAUGA, Ont. — The head of Maple Leaf Foods Inc. will be stepping down as chief executive next year, after being appointed executive chair of the board of directors.

TORONTO — Toymaker Spin Master Inc. is increasing its revenue guidance for 2022 after sales increased 34 per cent in its latest quarter, causing profits to surge more than tenfold. The Toronto-based company, which reports in U.S.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,184.95, up 279.67 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Down 10 cents, or 3.6 per cent, to $2.66 on 19.1 million shares.

WASHINGTON (AP) — The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate h

MONTREAL — Gildan Activewear Inc. smashed through expectations as its net profit soared nearly 50 per cent in its latest quarter on record revenue due to stronger demand in North America.

TORONTO — North American stock markets surged Wednesday afternoon after the U.S. Federal Reserve announced its largest interest rate hike in 22 years but extinguished fears of even bigger increases to come. The U.S.

Canada's big three grocers say rising food prices are shaping shopping habits, with Loblaw Companies Ltd. the latest to offer insight into how people are saving money on their grocery bill amid soaring inflation.

MONTREAL — A Quebec real estate organization says last month's Montreal home sales dropped by 17 per cent since last year, making it the least active April the market has seen since 2017.