Business
MEG Energy sees earnings rise in second quarter, announces dividend
By The Canadian Press on July 25th, 2024
CALGARY – MEG Energy announced a quarterly dividend of 10 cents per share as it reported higher earnings, saying a successful start-up of the Trans Mountain expansion has helped generate better prices for their oil. The Calgary-basedoilsands company says it earned $234 million in its second quarter, up from $217 million a year earlier. Revenues ... Read More »
Be the first to comment!TFI International reports lower profit, higher revenue in second quarter
By The Canadian Press on July 25th, 2024
MONTREAL – TFI International Inc. says it earned US$117.8 million in the second quarter, down from US$128.2 million a year earlier. The Montreal-based transportation and logistics company says revenues were US$2.26 billion, up from US$1.79 billion during the same quarter last year. Earnings per diluted share were US$1.38, down from $1.47 last year. President and ... Read More »
Be the first to comment!Bombardier maintains annual guidance in Q2 results despite strike delays
By The Canadian Press on July 25th, 2024
MONTREAL – Bombardier Inc. is playing catch-up after a strike in early July but doesn’t expect the 11 days of lost production to affect its annual guidance, the manufacturer said. “Negotiations are getting more complex and frankly harder,” chief executive Éric Martel said Thursday on an analyst call after releasing second-quarter results. “We came to ... Read More »
Be the first to comment!Rail, phone, power services affected by Jasper wildfire
By Amanda Stephenson, The Canadian Press on July 25th, 2024
Critical infrastructure has been affected by the wildfires that have raged through Jasper National Park, Alta., and into the picturesque townsite itself. Telus Corp. confirmed Thursday that some of its infrastructure in the Jasper area was damaged Wednesday in the blaze. Telus spokeswoman Brandi Merker said some home phone and mobility services in the area ... Read More »
Be the first to comment!S&P/TSX composite index moves lower Thursday, U.S. markets mixed
By The Canadian Press on July 25th, 2024
TORONTO – Canada’s main stock index ticked lower Thursday, weighed down by losses in the industrial sector, while U.S. marketswere mixed The S&P/TSX composite index closed down 31.54 points at 22,608.03. In New York, the Dow Jones industrial average was up 81.20 points at 39,935.07. The S&P 500 index was down 27.91 points at 5,399.22,while ... Read More »
Be the first to comment!Stock market today: The smallest stocks rally, but losses for Big Tech pull Nasdaq and S&P 500 lower
By Stan Choe, The Associated Press on July 25th, 2024
NEW YORK (AP) – Wall Street’s split widened, as smaller stocks and other formerly unloved areas of the market rose up while superstar Big Tech stocks gave back more of their huge gains. Most stocks climbed Thursday after a surprisingly strong report on the U.S. economy raised hopes for profits at smaller companies. Continued weakness ... Read More »
Be the first to comment!B.C. lets wineries import grapes for 2024 vintages after ‘devastating’ winter losses
By The Canadian Press on July 25th, 2024
PENTICTON – The B.C. government says wineries can import grapes and juice to make their 2024 vintages after “devastating” losses this winter. The province says allowing winemakers to import grapes from outside B.C. is a “temporary measure” to prop-up hundreds of wineries and thousands of jobs after freezing weather wiped out this year’s harvest. Public ... Read More »
Be the first to comment!90% of B.C. communities adopt province’s plans for more small-scale housing
By The Canadian Press on July 25th, 2024
VANCOUVER – Almost all British Columbia communities have adopted the provincial government’s plan to tackle the housing crisis by allowing more multi-unit homes on properties. The province says nearly 90 per cent of 188 local governments have followed the legislation that would allow for row homes, triplexes and townhouses on former single-home lots. It says ... Read More »
Be the first to comment!Video game performers will go on strike over artificial intelligence concerns
By Sarah Parvini, The Associated Press on July 25th, 2024
LOS ANGELES (AP) – Hollywood’s video game performers voted to go on strike Thursday, throwing part of the entertainment industry into another work stoppage after talks for a new contract with major game studios broke down over artificial intelligence protections. The strike – the second for video game voice actors and motion capture performers under ... Read More »
Be the first to comment!Rail, phone, mobility services affected by Jasper wildfire
By Amanda Stephenson, The Canadian Press on July 25th, 2024
Critical infrastructure has been affected by the wildfires that have raged through Jasper National Park, Alta. and into the picturesque townsite itself. Telus Corp. confirmed Thursday that some of its infrastructure in the Jasper area was damaged Wednesday in the blaze. A Telus spokeswoman said some home phone and mobility services in the area are ... Read More »
Be the first to comment!TransLink warns of huge public transport cuts unless ‘$600m funding gap’ is addressed
By The Canadian Press on July 25th, 2024
NEW WESTMINSTER, B.C. – Metro Vancouver’s transportation provider TransLink is warning of massive service cuts unless a $600-million funding gap is addressed. It says overall transit reductions of up to 50 per cent would be required starting in 2026, eliminating about 145 bus routes and “significantly reducing” SkyTrain, SeaBus and HandyDART services. TransLink says in ... Read More »
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