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Business
Open Text Corp. reports net loss in fourth quarter, launches AI strategy
Open Text Corp. reported a net loss of US$48.7 million in its fourth quarter, down…
Quebec, Airbnb deadlocked on illegal rentals as Montreal begins its own crackdown
MONTREAL – The Quebec government and short-term rental platforms, such as Airbnb, are at odds…
Nutrien announces strategic actions to cut costs amid economic headwinds
SASKATOON – Nutrien Ltd. is indefinitely pausing its potash production ramp-up and suspending work on…
Most actively traded companies on the Toronto Stock Exchange
TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange:…
S&P/TSX composite down almost 100 points Thursday, U.S. markets also decline
TORONTO – Canada’s main stock index closed down almost 100 points Thursday despite strength in…
Bombardier CEO says business jets still in high demand, but stock price descends
MONTREAL – Despite supply chain snarls, Bombardier boosted its second-quarter revenues amid ongoing demand for…
SNC-Lavalin plans to start snapping up companies as soon as next year: CEO
MONTREAL – Less than five years after it embarked on a program of streamlining, SNC-Lavalin…
Maple Leaf Foods reports $53.7M net loss in Q2 as company faces inflationary pressure
Maple Leaf Foods Inc. said it lost $53.7 million in its most recent quarter as…
Stock market today: Wall Street drifts lower as its big rally cools some more
NEW YORK (AP) — Stocks drifted to a lower close as Wall Street’s red-hot rally…
Systemic fair access violations found in Ontario auto insurance: regulator
TORONTO – Ontario auto insurers have been involved in intentional, industry-wide violations of rules around…
Saskatchewan government-owned liquor stores post financial loss after closures
REGINA – The Saskatchewan government has spent millions of dollars to shutter its remaining liquor…
US military may put armed troops on commercial ships in Strait of Hormuz to stop Iran seizures
DUBAI, United Arab Emirates (AP) — The U.S. military is considering putting armed personnel on…
Saudi Arabia extends cut of 1 million barrels of oil a day, potentially boosting prices at the pump
DUBAI, United Arab Emirates (AP) — Saudi Arabia said Thursday it will extend its unilateral…
Bell says more cost restructuring possible as Q2 net earnings fall almost 40%
Following a quarter in which it began cutting 1,300 positions, shuttered six radio stations and…
Consumer and business insolvencies rising under weight of higher interest rates
The Office of the Superintendent of Bankruptcy says both consumer and business insolvencies rose significantly…
Toronto home sales and prices up from last July, down from June: TRREB
TORONTO – The Toronto Regional Real Estate Board says July’s home sales, listings and prices…
Peer-to-peer car-sharing turns a corner — but are you ready to rent out your car?
When Jennifer Cummings flew down to Florida from St. John’s, N.L., last summer, she opted…
Lightspeed sees $46.7M net loss in Q1 as it launched products in new markets
MONTREAL – Lightspeed Commerce Inc. is reporting a US$48.7 million net loss in its most…
No injuries after timber beam falls from Hibernia offshore oil platform
ST. JOHN’S, N.L. – Newfoundland and Labrador’s offshore petroleum regulator says nobody was injured in…
Canada Goose sees $85M net loss in Q1 as it opens more international stores
TORONTO – Canada Goose Holdings Inc. says its most recent quarter delivered an $85 million…
Bank of England raises its key interest rate to a new 15-year high to fight inflation
LONDON (AP) — The Bank of England raised its main interest rate Thursday to a…
Shopify optimistic about ‘new shape’ of business following layoff, AI announcements
Shopify Inc.’s president said a recent move to streamline operations with a significant layoff and…
The Mega Millions jackpot has soared to $1.25 billion. Here’s how hard it is to win
NEW YORK (AP) — There’s no shaking it. Your chances of winning the lottery are…
Spin Master sees sales, earnings decline in second quarter amid weaker order volume
TORONTO – Spin Master Corp. says it earned US$28 million in the second quarter, down…