National Business

Vancouver Mayor Kennedy Stewart says he isn't happy with the city's share of economic recovery funding from a federal package to help cope with COVID-19.

OTTAWA — A leading member of Canada's independent internet industry says it's time to reform a regulatory system that is delaying the introduction of more competitive pricing.

MONTREAL — Stingray Group Inc. says its net income more than doubled in its second quarter despite a 16 per cent drop in revenues. The Montreal-based company said it earned $11.9 million or 16 cents per share in the three months ended Sept.

TORONTO — Sun Life Financial Inc. says its net profit increased 10 per cent in the third quarter as its asset management business increased 25 per cent from a year earlier. The Toronto-based insurer says that equated to $1.28 per share, up from $1.

CALGARY — Tourmaline Oil Corp. says it is buying two privately held oil and gas companies producing 76,000 barrels of oil equivalent per day for a total of about $526 million in cash and shares.

TORONTO — Russel Metals Inc. says it managed to eke out steady profits in the three months ending Sept. 30, despite a sharp decline in sales compared with last summer.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange: (15,998.74, up 59.59 points.) Enbridge Inc. (TSX:ENB). Energy. Up nine cents, or 0.25 per cent, to $36.55 on 28.3 million shares.

Aphria Inc. will acquire SweetWater Brewing Company in a US$300-million deal that could help it gain a foothold in the U.S. market. The Leamington, Ont.

TORONTO — U.S. stock markets surged higher in the aftermath of a close U.S. election that will likely result in a continuation of divided government.

ST. JOHN'S, N.L. — U.S.-based oil-recycling company Origin International has made a bid to buy a refinery in Come By Chance, N.L., CEO Nicholas Myerson confirmed Wednesday. Myerson wouldn't give details about the offer his company made to U.S.