National Business

CALGARY — The CEO of one of the oilsands companies behind the Pathways Alliance says the group expects to provide a significant update on its proposed $16.5-billion carbon capture and storage project within the next couple of months.

OTTAWA — Canada's merchandise trade surplus more than doubled in September as higher oil prices helped boost energy exports.

MISSISSAUGA, Ont. — The slide in consumer spending has squeezed Cargojet Inc.'s bottom line, its CEO says, as Canadians shell out less on goods that land on shelves and doorsteps after a trip by air freighter.

LISBON, Portugal (AP) — Portuguese Prime Minister António Costa said Tuesday he is resigning after being involved in a widespread corruption probe.

VANCOUVER — Ballard Power Systems Inc. reported a larger loss in its latest quarter compared with a year ago despite a nearly 30 per cent rise in revenue. The fuel cell company, which keeps its books in U.S. dollars, says it lost US$62.

CALGARY — TransAlta Corp. reported its third-quarter profit rose compared with a year ago as its power production and revenue also came in higher.

MARKHAM, Ont. — Pet Valu Holdings Ltd. reported net income of $18.0 million in its latest quarter, down from $27.0 million a year ago, even as its revenue rose.

MONTREAL — Business leaders continue to grapple with fallout from the rift between the Canadian and Indian governments, saying the suspension of free trade talks helps no one.

OTTAWA — As the deadline to repay pandemic loans and receive partial forgiveness approaches, small businesses are still hoping the federal government will reverse course and extend it for another year.

SAN FRANCISCO (AP) — Google on Monday confronted the second major U.S.