National Business

TORONTO — Spin Master Corp. says it earned US$28 million in the second quarter, down from US$88.1 million a year earlier. The Toronto-based toy and entertainment company says revenue was US$420.7 million, down from US$506.

SASKATOON — Nutrien Ltd. reported second-quarter net earnings of US$448 million, down from US$3.6 billion a year earlier. The Saskatoon-based company says sales were US$11.7 billion, down from US$14.5 billion during the same quarter last year.

TORONTO — Intact Financial Corp. says its net income for the second quarter was $260 million, down 79 per cent from $1.2 billion last year. The insurance company says earnings per share were $1.30, down from $6.93.

The federal government is trying to reclaim nearly $350 million in insurance paid to Suncor Energy Inc. in the wake of political unrest in Libya.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,218.21, down 314.72): Suncor Energy Inc. (TSX:SU). Energy. Down 95 cents, or 2.31 per cent, to $40.25 on 11.0 million shares.

TORONTO — Canada's main stock index fell more than 300 points Wednesday amid a broad-based decline, while U.S. markets also slid. Fitch Ratings cut the U.S.

Celebrity chef Gordon Ramsay is bringing his burger and steak outlets to a Vancouver casino and nearby resort.

TORONTO — Metro grocery store workers on strike in the Greater Toronto Area say they are fighting for their wages to keep up with the cost of living, as the rapid pace of food inflation in recent years has caused struggles in affording the same groce

RICHMOND HILL, Ont. — DesRosiers Automotive Consultants Inc. says auto sales growth continued in July but at a slower pace than recent months.

TORONTO — One of the Greater Toronto Area's most prominent landlords says it is keeping a close eye on spaces occupied by small businesses, whose owners it foresees being hardest hit by the high interest rate environment.