Skip to content

National Business

OpenText reports record 2022 revenue of $3.5B, even as quarterly profit falls

OpenText reports record 2022 revenue of $3.5B, even as quarterly profit falls

WATERLOO, ONTARIO — Waterloo-based tech company OpenText says it earned $102.2 million in the three months ended June 30, a 43.6 per cent decline from the previous year's quarter even as it achieved record revenue of $3.
Read more >
Quebecor second-quarter profits rise by $33.9 million, revenues drop

Quebecor second-quarter profits rise by $33.9 million, revenues drop

MONTREAL — Freedom Mobile would be much more competitive in the hands of Quebecor than if it had to operate as an independent entity, president and chief executive of Quebecor Pierre Karl Péladeau said Thursday.
Read more >
Pembina Pipeline's profits rise on higher crude, natural gas prices

Pembina Pipeline's profits rise on higher crude, natural gas prices

CALGARY — Pembina Pipeline Corp. says it earned $418 million in the second quarter, reflecting higher natural gas liquids (NGL) and crude oil prices and margins, as well as rising volumes on its key pipeline systems.
Read more >
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,577.04, up 31.10 points.) Enbridge Inc. (TSX:ENB). Energy. Down $1.10, or 1.94 per cent, to $55.61 on 15.9 million shares.
Read more >
Environmental groups protest proposals to build LNG terminals on Canada's East Coast

Environmental groups protest proposals to build LNG terminals on Canada's East Coast

HALIFAX — A coalition of environmental groups is calling on Ottawa to reject any proposals to build export facilities for liquefied natural gas on Canada's East Coast, saying such projects will produce "climate-wrecking emissions.
Read more >
S&P/TSX composite ticks slightly higher as investors await Friday's jobs report

S&P/TSX composite ticks slightly higher as investors await Friday's jobs report

Canada's main stock index nudged slightly higher Thursday as investors took a "wait and see" approach in advance of highly anticipated new employment data coming Friday.
Read more >
Statistics Canada to release its July labour force survey Friday

Statistics Canada to release its July labour force survey Friday

OTTAWA — Statistics Canada expects to release its labour force survey for July on Friday. The federal agency previously reported the unemployment rate hit a record-low of 4.9 per cent in June.
Read more >
'Wait and see': Toronto, Vancouver home sales plummet from 2021 as buyers hang around

'Wait and see': Toronto, Vancouver home sales plummet from 2021 as buyers hang around

TORONTO — The Canadian real estate sector might not be a buyers' market quite yet, but a shift away from the rapid price increases of the past few years is well underway with home sales in both the Greater Toronto and Vancouver Areas dropping signifi
Read more >
Maple Leaf stock drops on disappointing results as economic challenges weigh

Maple Leaf stock drops on disappointing results as economic challenges weigh

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. saw its share price drop as much as 18 per cent on the Toronto Stock Exchange after it said challenges in labour markets, supply chains and inflation pushed it to a net loss for the second quarter.
Read more >
Sun Life Financial sells Sun Life U.K. business for $385 million

Sun Life Financial sells Sun Life U.K. business for $385 million

TORONTO — Sun Life Financial Inc. has reached a deal to sell a U.K.-based division of the company to Phoenix Group Holdings PLC for about $385 million as part of a shift to make the company more nimble.
Read more >