National Business

TORONTO — Falling commodity prices and mixed corporate earnings helped push down Canada's main stock index Thursday, while U.S. stock markets also fell.

MONTREAL — Saputo Inc. says its earnings for the latest quarter were $179 million, more than double its $86 million a year earlier as the company says it expects its earnings for the full fiscal year to make a meaningful recovery.

CALGARY — Scotiabank is warning that the Alberta government's plan to give oil companies a royalty credit for cleaning up their old wells could damage the reputation of Canada's oil and gas industry.

Canopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close a former Hershey chocolate plant it tookover and consolidate some of its cultivation operations. The Smiths Falls, Ont.

NEW YORK (AP) — Stocks closed lower following another mixed batch of profit reports from companies, as rising yields in the bond market raise the pressure on Wall Street. The S&P 500 fell 0.

CALGARY — Precision Drilling Corp. saw its fourth-quarter revenue increase by 73 per cent year-over-year, as North American oil and gas drilling activity continues to pick up.

VANCOUVER — Telus Corp.

CALGARY — Canadian Pacific Railway Ltd. says it has reached a tentative agreement with the union representing about 550 administrative support and intermodal employees in Canada.

MONTREAL — Bombardier’s top priorities include paying down debt, growing its services business and reducing emissions, said CEO Eric Martel after the company reported fourth-quarter profits of US$241 million, up from US$238 million in the same quarte

TORONTO — The Canada Pension Plan Investment Board says it earned a net return of 1.9 per cent for its third quarter.