Skip to content

National Business

Bus maker NFI Group raises full-year guidance, reports US$39.9M Q3 loss

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 reported a loss of US$39.9 million in its third quarter. The bus maker, which keeps its books in U.S.
Read more >
Las Vegas hotel workers union reaches tentative deal with Caesars, but threat of strike still looms

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 workers announced early Wednesday that it had reached a tentative deal with casino giant Caesars Entertainment, a major breakthrough that could help avert an unp
Read more >
CGI reports $414.5M Q4 profit, up from $362.4M a year ago, revenue also higher

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 a year ago, as its revenue rose eight per cent. The technology consulting firm says its profit amounted to $1.
Read more >
MDA reports $9.3M Q3 profit, revenue up nearly 20% from year ago

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, down from $17.9 million a year earlier, as its revenue rose nearly 20 per cent.
Read more >
South Korea's Posco Holdings eyes investment in Alberta lithium fields

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 commercialization of lithium in Alberta.
Read more >
Industry minister won't say whether new military planes will be a sole-source deal

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 military patrol planes will be an open-source bid, as the heads of Canada's two biggest provinces and Bombardier Inc.
Read more >
Intact Financial Corp. earns $163 million in third quarter

Intact Financial Corp. earns $163 million in third quarter

TORONTO — Intact Financial Corp. says it earned $163 million in the third quarter, less than half its earnings a year ago when it brought in $375 million. The company says earnings worked out to 83 cents per share, down from $2.
Read more >
Indigo reports lower sales, net loss in second quarter as customers cut back

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 its second quarter, compared with a net loss of $15.9 million a year earlier. Revenue for the Toronto-based retailer totalled $206.9 million, down from $236.
Read more >
Tech community pleased with Alberta move to change rules around 'engineer' title

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 workers to use the "software engineer" title.
Read more >
WeWork seeks bankruptcy protection in stunning fall for a company once valued close to $50 billion

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 for the office-sharing company that once promised to upend the way people went to work around the world.
Read more >