National Business

TORONTO — Magna International Inc. has cut its revenue forecast for the year due to an expected reduction in global light vehicle production caused by ongoing semiconductor chip shortages.

Canopy Growth Corp.'s chief executive says the company's hold on the cannabis market has been threatened in the last few months, even as it went on an acquisition spree and tried to overhaul its business.

ALBANY, N.Y. (AP) — A woman who accused Gov. Andrew Cuomo of groping her breast at the governor's state residence filed a criminal complaint against him, the Albany County Sheriff's office said Friday.

LOS ANGELES (AP) — Hezekiah Walker became a student at Virginia Union University two years ago, but the Grammy-winning gospel singer took his collegiate experience to the next level by opening a gospel music center on the campus.

CALGARY — Inter Pipeline Ltd. says its net profit more than doubled in its latest quarter as revenues increased 30 per cent. The Calgary-based pipeline firm reported after markets closed Thursday that it earned $145.

TORONTO — Constellation Software Inc. missed expectations despite posting improved second-quarter results. The Toronto-based technology firm, which reports in U.S.

BEIRUT (AP) — The militant Hezbollah group fired a barrage of rockets toward Israel on Friday, and Israel hit back with artillery in a significant escalation between the two sides.

QUEBEC — Proxy advisory firm Glass Lewis has differed from Institutional Shareholder Services Inc. in recommending that minority shareholders of Exfo Inc. vote against the founder's proposal to take the company private.

VANCOUVER — Western Forest Products Inc. beat expectations as surging lumber prices strongly boosted its second-quarter results. The Vancouver-based company says its net income soared to $78.3 million or 21 cents per share, up from $8.

The Consumer Product Safety Commission says about 2 million dehumidifiers made by New Widetech are being recalled in the U.S. because they can overheat and catch fire, posing fire and burn hazards.