National Business

MONTREAL — CAE Inc. shares dropped 10 per cent Thursday as earnings fell far short of expectations despite a big bump in revenue and profit.

CALGARY — The consequences of last summer's searing drought are being felt on farms and ranches across the Prairies, where some livestock producers are heading into a long, cold winter with dangerously low supplies of feed and water.

TORONTO — Hollywood hits starring homegrown actors Simu Liu and Ryan Reynolds had Canadian moviegoers rushing back to cinemas in the final weeks of summer, giving Cineplex Inc. a much-needed boost in ticket sales.

ST-HYACINTHE, QUE. — Meat processor Olymel says Yanick Gervais has been appointed president and chief executive, following the death of CEO Réjean Nadeau last month.

Chorus Aviation Inc. is riding a fledgling recovery in the airline business driven by the return of traffic in Canada and abroad.

HAMILTON — Stelco Holdings Inc. shares jumped higher Thursday after it reported a surge in its latest quarterly earnings on higher steel prices and said it would raise its dividend again. The Hamilton, Ont.

AMSTERDAM (AP) — The European Medicines Agency has recommended the authorization of two new medicines against the coronavirus for people at risk of severe disease.

GLASGOW, Scotland (AP) — United Nations Secretary-General Antonio Guterres says the goal of limiting global warming to 1.5 degrees Celsius (2.7 F) is “on life support” as U.N.

OTTAWA — When Leanne Kaufman asks people who have acted as an executor for a loved one if they'd do it again, the answer is almost always no.

TORONTO — Global supply chain problems won't leave Canadian Tire Corp. Ltd. shelves bare this holiday season, the retailer said Thursday, as it detailed how it has successfully coped with issues stymying competitors.