National Business

TORONTO — Scotiabank's head of Canadian banking is leaving after a 25-year career at the financial institution. The bank says Dan Rees is leaving to pursue other opportunities.

OpenText Corp. says it earned US$80.9 million in the first quarter of its financil year, up from a loss of US$116.9 million a year earlier. Revenues for the Waterloo, Ont.-based company were US$1.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,626.34, up 547.34 points): Enbridge Inc. (TSX:ENB). Energy. Up $1.14, or 2.5 per cent, to $46.06 on 8.2 million shares.

MONTREAL — The TVA Group says it is laying off 547 employees — nearly a third of its workforce — amid restructuring as the company contends with declining audiences and ad revenues.

CALGARY — Pembina Pipeline Corp. says it earned $346 million in the third quarter of 2023, down from $1.8 billion in the same three-month period of 2022.

NEW YORK (AP) — Wall Street roared higher, adding to its rally from the day before on hopes the Federal Reserve may finally be done with its market-rattling hikes to interest rates. The S&P 500 jumped 1.9% Thursday.

TORONTO — Canada's main stock index leapt close to three per cent Thursday and U.S. markets also rose as investors shifted bets from long-term bonds towards equities on an improved outlook for interest rates.

LAS VEGAS (AP) — Tens of thousands of Las Vegas hotel workers fighting for new union contracts set a strike deadline Thursday, threatening major disruptions at more than a dozen resorts that could coincide with the Strip's inaugural Formula 1 races l

OTTAWA — The finance committee of the House of Commons has called on the Finance Minister to block RBC's $13.5-billion takeover of HSBC Canada over concerns it will hurt competition.

CALGARY — Crescent Point Energy Corp. said Thursday it is pleased with the results it has obtained so far from oilfield assets the company purchased earlier this year in a $1.7-billion deal.