Skip to content

National Business

OpenText Corp. sees revenues rise 2.4 per cent in latest financial quarter

WATERLOO, ONTARIO — OpenText Corp. reported revenues for the most recent quarter were up 2.4 per cent year over year, with cloud revenues rising 12 per cent. Net income for their second quarter ended Dec. 31 amounted to US$258.5 million, up 192.
Read more >
Teck completes sale of Fort Hills stake to project partners; exits oilsands

Teck completes sale of Fort Hills stake to project partners; exits oilsands

VANCOUVER — Teck Resources Ltd. says it has completed the sale of its 21.3 per cent stake in the Fort Hills oilsands mine to Suncor Energy Inc. and TotalEnergies EP Canada Ltd.
Read more >
Utility board defies Nova Scotia government, allows 14 per cent power rate hike

Utility board defies Nova Scotia government, allows 14 per cent power rate hike

HALIFAX — Nova Scotia's utility regulator has defied the provincial government and approved an average 14 per cent increase in electricity rates over two years. Premier Tim Houston said last November that his government opposed the increase of 6.
Read more >

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 (20,740.44, down 10.61): Hut 8 Mining Corp. (TSX:HUT). Financials. Up 32 cents, or 11.11 per cent, to $3.20 on 10.9 million shares.
Read more >
Tech sector helps lift S&P/TSX composite from energy losses, U.S. markets mixed

Tech sector helps lift S&P/TSX composite from energy losses, U.S. markets mixed

TORONTO — Canada's main stock index shored itself up against losses in the energy sector for the second day in a row, while U.S. markets were mixed. The S&P/TSX composite index was down 10.61 points at 20,740.44.
Read more >
Wall Street's rally rolls on, led by torrid tech stocks

Wall Street's rally rolls on, led by torrid tech stocks

NEW YORK (AP) — Wall Street closed higher, led by excitement around tech stocks and a surge for Facebook’s parent company, Meta Platforms. The S&P 500 rose 1.5% Thursday, a day after hitting its highest level since the summer.
Read more >
Dairy giant Saputo to permanently close 3 U.S. facilities, expand and build others

Dairy giant Saputo to permanently close 3 U.S. facilities, expand and build others

MONTREAL — Dairy giant Saputo Inc. has announced sweeping changes to its U.S. operations, saying it will permanently close three facilities, build a new packaging facility and expand string cheese operations.
Read more >
Nestle Canada to wind down frozen meals and pizza business including Delissio

Nestle Canada to wind down frozen meals and pizza business including Delissio

TORONTO — Nestle Canada's decision to pull its pizza and frozen meals from Canada over the next six months could leave a gap in supermarket freezers, a food expert says.
Read more >
January home sales down 55% from year earlier, 21% from Dec: Vancouver board

January home sales down 55% from year earlier, 21% from Dec: Vancouver board

VANCOUVER — The Real Estate Board of Greater Vancouver says January home sales were more than halved from the year before and down 21 per cent from December.
Read more >
Lightspeed Commerce to hire, shift focus to premium clients after layoffs

Lightspeed Commerce to hire, shift focus to premium clients after layoffs

Less than a month after laying off 300 workers, Lightspeed Commerce Inc.'s chief executive says his company has plans to hire between 150 and 200 more staff.
Read more >