National Business

SILVER SPRING, Md.

CHARLOTTE, N.C. — Goldman Sachs said Wednesday that its profits jumped sharply in the third quarter, helped by a strong performance by its trading desks and less need to set aside funds to cover potentially bad loans.

NEW YORK — Walmart says it will spread out its traditional one-day Black Friday deals over three weekends in November in an effort to reduce crowds in its stores during a pandemic.

CALGARY — Cathedral Energy Services Ltd. says veteran CEO Scott MacFarlane plans to retire from the Calgary-based directional and horizontal drilling company in April.

TORONTO — Online investment firm Wealthsimple Technologies Inc. has reached unicorn status after raising $114 million from a group of investors led by U.S. venture capital firm TCV. The deal announced Wednesday values the Toronto-based company at $1.

TORONTO — Restaurant Brands International Inc. says it expects to report third-quarter revenue between US$1.32 billion and US$1.34 billion.

WASHINGTON — U.S. wholesale prices jumped 0.4% in September as food costs rose by the largest amount since May.

TORONTO — A new report on the mental health of Canadian workers suggests loneliness is worse for many people than the fear of dying from COVID-19. Morneau Shepell's overall mental health index for September was down 10.

Toronto traders returned to a tepid market on Tuesday, as the Toronto Stock Exchange closed slightly lower on the first day of a short week. Natalie Taylor, a portfolio manager with CIBC, said that the beginning of earnings season, led by U.S.

NEW YORK — It's not difficult to figure out which television networks are benefiting from the presidential election, and which ones should worry about next year.