National Business

CALGARY — Baytex Energy reported a third-quarter profit of $32.7 million and said it expects to generate record cash flow for the year thanks to surging commodity prices.

EDMONTON — Alberta is moving to get out of the online cannabis business and allow licensed retailers sell it on the internet instead. Cannabis retailers would be allowed to sell some branded clothing and other accessories as well.

MONTREAL — Resolute Forest Products Inc. says strong lumber prices will mean a significant increase in border taxes imposed by the U.S. government.

MISSISSAUGA — A significant slowdown in sales of plant-based food products is prompting Maple Leaf Foods to reassess its strategy of investing in the category.

TORONTO — Martinrea International Inc. says it swung to a loss of $17.1 million in the third quarter compared with earnings of $45.6 million last year as supply chain issues and inflating costs cut into revenue.

HUMBOLDT, SASKATCHEWAN, CANADA — The Humboldt Broncos name and logo have officially been trademarked more than three years after the Saskatchewan hockey team’s tragic bus crash.

MONTREAL — Air Canada CEO Michael Rousseau has apologized for comments he made about not needing to learn French to get by in Montreal, words that sparked immediate and widespread backlash.

CALGARY — The Canadian Association of Petroleum Producers is looking for a new CEO. The Calgary-based oil and gas lobby group says its current president and CEO, Tim McMillan, will step down this spring.

TORONTO — Canada's main stock index set record highs as strong earnings drove gains by individual companies and the price of gold rose on signs that global central banks are in no hurry to raise interest rates.

Dairy giant Saputo Inc. struggled in its second quarter with sinking profit despite stable revenue as a perfect storm of COVID-19 disruptions, labour shortages and supply chain turmoil weighed on the company's bottom line.