National Business

CALGARY — MEG Energy Corp. beat expectations as it posted its third consecutive quarter of net losses on a 44-per-cent drop in revenues caused by lower bitumen production and realized prices.

VANCOUVER — West Fraser Timber Co. Ltd. says it swung to a large profit in the third quarter on higher lumber prices. The Vancouver-based forestry company says it earned $350 million or $5.09 per share for the three months ended Sept.

CALGARY — PrairieSky Royalty Ltd. says its oil and gas revenue and net earnings staged a rebound in the third quarter ending Sept. 30 as oil prices recovered from pandemic-related lows.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,079.5, down 224.53 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Down 41 cents, 8.4 per cent, to $4.47 on 21 million shares.

The Dunkin’ doughnuts and coffee chain has confirmed it's held talks to be taken private by a private equity firm, sending its shares rocketing to an all-time high Monday.

EDMONTON — The Alberta government is hoping to open jobs in the province for local people by closing some of them to foreigners.

TORONTO — Surging global COVID-19 infections and lagging U.S. stimulus talks sent North American stock markets lower to start the week with Canada's main index facing a broad-based decline led by energy.

FREDERICTON — A Fredericton-based company has filed a patent for a technology it says can help provide rapid, early detection of COVID-19 in a community by testing its sewage.

Analysts said Monday that Stellarton, N.S., based grocer Sobeys Inc.

CALGARY — The all-share deal by Cenovus Energy Inc. to buy Husky Energy Inc. for about $3.8 billion will likely spark more mega-mergers among Canadian oil and gas majors, according to a veteran oilsands analyst.