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National Business
National Business
Enbridge sees $1.8 billion profit in Q2 as Mainline pipeline settlement reached
CALGARY — Enbridge Inc. says its most recent quarter delivered a profit of $1.8 billion as it reached a settlement with shippers for tolls on its Mainline pipeline system and moved toward proceeding with its Rio Bravo pipeline project.
Aug 4, 2023 10:36 AM
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Power utility TransAlta reports $62 million profit in Q2
CALGARY — TransAlta Corp. reported a profit of $62 million in its latest quarter compared with a loss of $80 million in the same quarter last year.
Aug 4, 2023 10:29 AM
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Magna reports $339 million in net income in Q2 as sales hit $11 billion
Magna International Inc. says it recorded a net income of US$339 million in its latest quarter. The auto parts manufacturer, which keeps its books in U.S.
Aug 4, 2023 10:19 AM
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Montreal home sales on pace with last July, above historical average: QPAREB
MONTREAL — The Quebec Professional Association of Real Estate Brokers says July's Montreal home sales were little changed from a year ago but remained above the historical average for this time of year.
Aug 4, 2023 10:02 AM
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These companies have laid off Canadian workers in 2023
A wave of layoffs in 2022, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.
Aug 4, 2023 9:58 AM
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Here's a quick glance at unemployment rates for July, by province
OTTAWA — Canada's national unemployment rate was 5.5 per cent in July. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 8.7 per cent (8.8) _ Prince Edward Island 8.
Aug 4, 2023 9:17 AM
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Here's a quick glance at unemployment rates for July, by Canadian city
OTTAWA — The national unemployment rate was 5.5 per cent in July. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
Aug 4, 2023 9:08 AM
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National employment numbers for July from Statistics Canada, at a glance
OTTAWA — A quick look at Canada's July employment (numbers from the previous month in brackets): Unemployment rate: 5.5 per cent (5.4) Employment rate: 62.0 per cent (62.2) Participation rate: 65.6 per cent (65.
Aug 4, 2023 8:54 AM
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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 from earnings of US$102.2 million during the same quarter last year. Revenues for the quarter ended June 30 were US$1.5 billion, up from US$902.5 million last year.
Aug 3, 2023 5:32 PM
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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 its Geismar clean ammonia project after a period of "unprecedented volatility" in fertilizer markets, said chief executive Ken Seitz on Thursday.
Aug 3, 2023 5:03 PM
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