Business
Nuvei reports lower second-quarter profits as take-private deal approaches
By The Canadian Press on August 6th, 2024
MONTREAL – Nuvei Corp. says it earned US$5.3 million in its second quarter, down from US$11.6 million a year earlier. The Montreal-based company says revenues totalled US$345.5 million, up from US$307.0 million during the same quarter last year. Diluted earnings per share were two cents US, down from seven cents US. In June, Nuvei shareholders ... Read More »
Be the first to comment!Suncor Energy earns $1.57 billion in second quarter
By The Canadian Press on August 6th, 2024
CALGARY – Suncor Energy Inc. says it earned $1.57 billion in its second quarter, down from $1.88 billion in the second quarter of 2023. The Calgary-based oil giant says on an adjusted basis, it earned $1.63 billion, up from $1.25 billion in the prior year’s quarter. Its adjusted earnings worked out to $1.27 per common ... Read More »
Be the first to comment!Audit of BC Timber Sales program finds issues with road and bridge maintenance
By The Canadian Press on August 6th, 2024
VICTORIA – The Forest Practices Board says an audit of the BC Timber Sales program and timber sales license holders in the Boundary region found “significant issues” with road and bridge maintenance. It says the board conducted a “full scope compliance audit” of all activities between June 2022 and June 2023 in the Kootenay Business ... Read More »
Be the first to comment!S&P/TSX composite catches up on Wall St. selloff while U.S. stocks rebound
By The Canadian Press on August 6th, 2024
Canada’s main stock index fell more than one per cent Tuesday, playing catch-up while U.S. stock markets regained some of the ground lost in a big plunge Monday when the Toronto market was closed. The S&P/TSX composite index closed down 248.27 points at 21,979.36. In New York, the Dow Jones industrial average was up 294.39 ... Read More »
Be the first to comment!Prime minister speaks to health workers, members of Black community in Winnipeg
By The Canadian Press on August 6th, 2024
WINNIPEG – Prime Minister Justin Trudeau has made some brief appearances in Winnipeg. Trudeau spoke to several dozen people at a morning event hosted by Black History Manitoba. He touted the government’s Black Entrepreneurship Program, which helps people with financing and other business needs. He says work needs to continue to reduce the barriers that ... Read More »
Be the first to comment!Traveller describes pouring water, falling ceiling tile at storm-hit Calgary airport
By Lauren Krugel, The Canadian Press on August 6th, 2024
CALGARY – The rat-a-tat of hail was echoing through the terminal as Quinn White made her way to a gate at the Calgary International Airport on Monday evening. As she rounded a corner, there was a more disconcerting sound: running water. White posted a video to social media showing water raining from the ceiling and ... Read More »
Be the first to comment!Plane modifications not properly recorded before B.C. crash: Safety board
By The Canadian Press on August 6th, 2024
RICHMOND – The Transportation Safety Board says a plane that crashed last year in Campbell River, B.C., was modified improperly after getting flight permits. The board’s report on the September 2023 crash says the plane took off from Campbell River Airport with two pilots aboard who were involved in the development of a prototype aircraft ... Read More »
Be the first to comment!Pollard Banknote shares drop after Michigan decides on another iLottery supplier
By The Canadian Press on August 6th, 2024
WINNIPEG – Shares of Pollard Banknote Ltd. fell more than 30 per cent after the company said the Michigan Lottery plans to go with another supplier for its iLottery and related services when its contract expires. The company, through a joint venture agreement, currently provides the services under a contract that expires in July 2026. ... Read More »
Be the first to comment!18-month-old child rode in front seat of speeding car, police say
By The Canadian Press on August 6th, 2024
An 18-month-old child was found sitting on a passenger’s lap in the front seat when police stopped a vehicle for speeding on Highway 417 in Ottawa over the long weekend. Ontario Provincial Police say an officer stopped a vehicle travelling 137 km/h on Highway 417. They say the vehicle that seats five people had seven ... Read More »
Be the first to comment!S&P/TSX composite down nearly 300 points, U.S. stocks rebound after plunge Monday
By The Canadian Press on August 6th, 2024
TORONTO – Canada’s main stock index fell nearly 300 points in early afternoon trading, while U.S. stock markets rebounded to regain some of the ground lost in a big plunge Monday when the Toronto market was closed. The S&P/TSX composite index was down 292.92 points at 21,934.71. In New York, the Dow Jones industrial average ... Read More »
Be the first to comment!Elon Musk’s X sues advertisers over alleged ‘massive advertiser boycott’ after Twitter takeover
By The Associated Press on August 6th, 2024
WICHITA FALLS, Tex. (AP) – Elon Musk’s social media platform X has sued a group of advertisers, alleging that a “massive advertiser boycott” deprived the company of billions of dollars in revenue and violated antitrust laws. The company formerly known as Twitter filed the lawsuit Tuesday in a federal court in Texas against the World ... Read More »
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