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Postmedia reports $20.1M loss in Q2, revenue down 13 per cent from year ago

Postmedia reports $20.1M loss in Q2, revenue down 13 per cent from year ago

TORONTO — Postmedia Network Canada Corp. reported a net loss of $20.1 million in its latest quarter compared with a loss of $20.8 million a year earlier as its revenue fell 13 per cent.
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Auto parts maker Magna International signs strategic partnership with Sanctuary AI

Auto parts maker Magna International signs strategic partnership with Sanctuary AI

VANCOUVER — Magna International Inc. has signed a strategic partnership with Sanctuary AI for the development of general purpose AI robots for use in the company's manufacturing operations.
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Canada needs to build 1.3M additional homes by 2030 to close housing gap, says PBO

Canada needs to build 1.3M additional homes by 2030 to close housing gap, says PBO

OTTAWA — The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country's housing gap.
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As world's central banks wrestle with when to cut rates, Europe signals it's ready to move

As world's central banks wrestle with when to cut rates, Europe signals it's ready to move

FRANKFURT, Germany (AP) — The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world's central banks, including the U.S.
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'The root cause of my debt': Sales are tempting. How to avoid falling for offers

'The root cause of my debt': Sales are tempting. How to avoid falling for offers

TORONTO — The drawers were overflowing with skin care products and makeup — three different blushes, many eyeshadows, a dozen different mascaras, foundation and serum samples sitting unused for years.
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Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case

Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case

HANOI, Vietnam (AP) — Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country's largest financial fraud case ever, state media Vietnam Net said.
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Cineplex reports March box office revenue up 46 per cent from year ago

Cineplex reports March box office revenue up 46 per cent from year ago

TORONTO — Movie theatre company Cineplex Inc. says its box office revenue for March was up 46 per cent compared with a year ago, helped by "Dune: Part Two" and "Kung Fu Panda 4." The company says its box office revenue totalled $59.
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US producer prices rose 2.1% from last year, most since April, but less than forecasters expected

US producer prices rose 2.1% from last year, most since April, but less than forecasters expected

WASHINGTON (AP) — U.S. producer prices rose rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. And wholesale inflation eased on a month to month basis.
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China sanctions 2 U.S. defense companies and says they support arms sales to Taiwan

China sanctions 2 U.S. defense companies and says they support arms sales to Taiwan

BEIJING (AP) — China on Thursday announced rare sanctions against two U.S.
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As many cities sour on hosting the Olympics, Salt Lake City's enthusiasm endures

As many cities sour on hosting the Olympics, Salt Lake City's enthusiasm endures

SALT LAKE CITY (AP) — The International Olympic Committee was effusive Wednesday in its support for a decadeslong effort to bring back the Winter Games to Utah's capital city in 2034.
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