National Business

A wave of layoffs last year, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.

Slightly fewer Americans applied for jobless claims last week, further indicating that the labor market remains strong in an era of high interest rates. Applications for unemployment benefits fell by 3,000 to 217,000 for the week ending Nov.

TORONTO — Canadian postings for seasonal holiday jobs are down 30 per cent from a year ago so far, according to Indeed, amid a softening economy and cooling labour market.

WASHINGTON (AP) — Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence , their parent company announced on Wednesday.

TORONTO — Martinrea International Inc. says net income for the third quarter was $53.7 million, up from $35.9 million a year earlier. Sales for the quarter were $1.4 billion, up from $1.2 billion during the same quarter last year.

WINNIPEG — Great-West Lifeco Inc. says its base earnings for the third quarter were $950 million, up from $809 million a year earlier.

TORONTO — Manulife Financial Corp. says its net income rose in the third quarter from last year, supported especially by business growth in Asia.

CALGARY — Suncor Energy Inc. says it earned a profit of $1.54 billion in the third quarter of 2023, compared to a net loss of $609 million in the prior year's quarter. The Calgary-based energy giant says its earnings work out to $1.

MONTREAL — National Bank won’t offer any more new safety deposit boxes, which allow customers to keep valuable items or important documents at bank branches. It’s the first large Canadian bank to stop offering this service.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,530.21, down 45.38 points): Suncor Energy Inc. (TSX:SU). Energy. Down 81 cents, or 1.84 per cent, to $43.29 on 10.0 million shares.