National Business

TORONTO — North American markets ended the trading week in the red, with Canada's main stock index down more than 170 points and U.S. stock markets falling amid inflation worries and a stark warning from FedEx about worsening trends in the economy.

CALGARY — A consumer advocate says two recent regulatory rulings ordering Canadian airlines to compensate passengers for flight disruptions won't be enough to improve air travel in this country.

VANCOUVER — Trevali Mining Corp. says its president and chief executive, as well as its chief operating officer, have both resigned. The Vancouver-based miner says Ricus Grimbeek, who has served as CEO since 2019, will step away from the company.

WestJet is suspending a number of routes out of Halifax this winter. The Calgary-based carrier will suspend flights between Halifax and Montreal as of Oct. 28. Flights between Halifax and Sydney, N.S. will be suspended as of Nov.

SAMARKAND, Uzbekistan (AP) — Russian President Vladimir Putin vowed Friday to press his attack on Ukraine despite Ukraine's latest counteroffensive and warned that Moscow could ramp up its strikes on the country's vital infrastructure if Ukrainian fo

TORONTO — Restaurants in Canada are raising prices, shrinking menus and reducing hours in a bid to survive inflation and labour shortages, a new report says.

TORONTO — Real estate firm CBRE says Canadian hotels will return to pre-pandemic revenues next year, two years ahead of its previous forecast.

The Canadian Union of Postal Workers (CUPW) is taking its criticism of Uber Technologies Inc.

Billionaire, entrepreneur and philanthropist Michael DeGroote died earlier this week, almost a month after his 89th birthday. DeGroote was well known for his contributions to Hamilton, Ont.

TORONTO — Pentwater Capital Management LP says it has increased its stake in Turquoise Hill Resources Ltd. to 13.77 per cent.