Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Business
Stock market today: Wall Street drifts in early trading
NEW YORK (AP) — Stocks are still stuck on pause as Wall Street continues to…
Bus maker NFI Group raises full-year guidance, reports US$39.9M Q3 loss
WINNIPEG – NFI Group Inc. raised its financial guidance for its full year as it…
Las Vegas hotel workers union reaches tentative deal with Caesars, but threat of strike still looms
LAS VEGAS (AP) — The labor union representing tens of thousands of Las Vegas hospitality…
CGI reports $414.5M Q4 profit, up from $362.4M a year ago, revenue also higher
MONTREAL – CGI Inc. reported a fourth-quarter profit of $414.5 million, up from $362.4 million…
Indigo reports lower sales, net loss in second quarter as customers cut back
TORONTO – Indigo Books & Music Inc. reported a net loss of $22.4 million in…
MDA reports $9.3M Q3 profit, revenue up nearly 20% from year ago
BRAMPTON, Ont. – MDA Ltd. reported net income of $9.3 million in its latest quarter,…
South Korea’s Posco Holdings eyes investment in Alberta lithium fields
CALGARY – South Korean company Posco Holdings is considering investing in the exploration, development and…
Industry minister won’t say whether new military planes will be a sole-source deal
Industry Minister François-Philippe Champagne won’t say whether the process to replace a fleet of aging…
Intact Financial Corp. earns $163 million in third quarter
TORONTO – Intact Financial Corp. says it earned $163 million in the third quarter, less…
Tech community pleased with Alberta move to change rules around ‘engineer’ title
Canada’s tech community is applauding a proposal by the Alberta government that would allow more…
WeWork seeks bankruptcy protection in stunning fall for a company once valued close to $50 billion
NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall…
Most actively traded companies on the Toronto Stock Exchange
TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange:…
Energy stocks drag TSX down as oil falls below US$80, while U.S. markets rise
TORONTO – Losses in the energy sector dragged Canada’s main stock index down Tuesday, while…
Budget update: Quebec boosts aid payments, says economy is in ‘stagnation’
Quebec Finance Minister Eric Girard has cut his projections for the province’s economic growth in…
Telecoms must up network investments to meet growing demand for mobile data: report
TORONTO – While Canada’s largest telecom company is set to slash spending on its fibre…
Stock market today: Wall Street ticks up as falling oil prices and Treasury yields ease the pressure
NEW YORK (AP) — Stocks ticked higher on Wall Street as markets continue to absorb…
Loblaw raises the affordability alarm as grocery code of conduct nears completion
As the grocery code of conduct nears completion, the Canadian industry’s biggest player is raising…
WeWork seeking to exit some Canadian locations as part of bankruptcy filings
TORONTO – WeWork Inc. is seeking an early exit of several Canadian leases as part…
Significant update on Pathways Alliance project coming soon: MEG Energy CEO
CALGARY – The CEO of one of the oilsands companies behind the Pathways Alliance says…
Statistics Canada reports $2B merchandise trade surplus for September
OTTAWA – Canada’s merchandise trade surplus more than doubled in September as higher oil prices…
Consumer spending drop dents Cargojet earnings: CEO
MISSISSAUGA, Ont. – The slide in consumer spending has squeezed Cargojet Inc.’s bottom line, its…
Portuguese prime minister resigns after being caught up in corruption probe
LISBON, Portugal (AP) — Portuguese Prime Minister António Costa said Tuesday he is resigning after…
Ballard Power Systems reports Q3 loss, revenue up nearly 30% from year ago
VANCOUVER – Ballard Power Systems Inc. reported a larger loss in its latest quarter compared…
Power producer TransAlta reports Q3 profit up from year ago
CALGARY – TransAlta Corp. reported its third-quarter profit rose compared with a year ago as…