National Business

BILLINGS, Mont.

A month after OpenText Corp. settled an 11-year U.S. tax saga in the middle of the COVID-19 pandemic, its chief executive is relieved to be rid of the matter and able to pour his attention into booming parts of the business.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (18,041.97, up 126.06 points.) The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up 5.25 cents, or 22.34 per cent, to 28.

WINNIPEG — SkipTheDishes is charging customers in B.C. a new fee as the food delivery company pushes back against a provincial order capping its commissions. The Winnipeg-based company says users of its app in B.C.

WATERLOO, Ont. — OpenText Corp. says it incurred a US$65.5 million net loss in its latest quarter despite revenues climbing by more than 10 per cent when compared with a year ago. The Waterloo, Ont.

TORONTO — Investor optimism fuelled a four-day run to start the month that culminated Thursday in Canada's main stock index setting a record high. The S&P/TSX composite index closed up 126.06 points to 18,041.

The global consulting firm McKinsey & Company agreed to pay nearly $600 million for its role in advising businesses on how to sell more prescription opioid painkillers amid a nationwide overdose crisis.

Canada Goose Holdings Inc. beat expectations in its biggest quarter of the year, returning the luxury parka maker to growth for the first time since the onset of the pandemic.

MONTREAL — Saputo Inc. reported an uptick in its third-quarter profit on Thursday as strong retail sales at grocery stores outweighed weak demand from restaurants, cafeterias and other foodservice costumers.

Longtime Merck executive Ken Frazier, whose leadership helped bring the drugmaker one of the most lucrative medicines in history and who is one of the few remaining Black CEOs of a major corporation, is retiring.