Business
Technology set to replace many jobs in agri-food sector over next decade: report
By The Canadian Press on July 31st, 2024
OTTAWA – A new report says a third of all agriculture jobs in Canada could be automated within the next decade. The report from the Conference Board of Canada says that’s alongside a fifth of jobs in food and beverage manufacturing which could also become automated. Alain Francq, director of innovation and technology at the ... Read More »
Be the first to comment!Spin Master sees ‘positive’ back half of year for toy market after posting Q2 loss
By The Canadian Press on July 31st, 2024
TORONTO – Spin Master Corp.’s chief executive expects the back half of the year to be “positive” for the toy category, even as consumers continue to rein in their spending. Max Rangel says his hypothesis is based on promising developments he foresees across several of the brands Spin Master is behind or licenses. For example, ... Read More »
Be the first to comment!WSP Global on the hunt for big companies as acquisitions climb the to-do list
By The Canadian Press on July 31st, 2024
MONTREAL – The head of WSP Global Inc. says it’s eyeing larger acquisitions once again after a period of consolidation and smaller purchases. Following a spate of takeovers, CEO Alexandre L’Heureux says the engineering company worked to scrap digital barriers between offices scattered across some 60 countries. He says three-quarters of the firm now operates ... Read More »
Be the first to comment!Economy grew 0.2% in May, StatCan estimates 2.2% annualized growth in Q2
By The Canadian Press on July 31st, 2024
OTTAWA – The Canadian economy grew 0.2 per cent in May, led by expansions in manufacturing and the public sector, Statistics Canada reported Wednesday. The federal agency’s gross domestic product report says retail and wholesale trade as well as the oil and gas sector weighed on growth. However, it highlights the Trans Mountain pipeline expansion’s ... Read More »
Be the first to comment!Paychecks grew more slowly this spring, a sign inflation may keep cooling
By Christopher Rugaber, The Associated Press on July 31st, 2024
WASHINGTON (AP) – Pay and benefits for America’s workers grew more slowly in the April-June quarter than in the first three months of the year, a trend that could keep price pressures in check and encourage the inflation-fighters at the Federal Reserve. Compensation as measured by the government’s Employment Cost Index rose 0.9% in the ... Read More »
Be the first to comment!TIFF lands Rogers as new presenting sponsor after Bell’s departure last year
By The Canadian Press on July 31st, 2024
TORONTO – The Toronto International Film Festival says it has a new presenting sponsor: Rogers. The telecommunications firm’s support of the annual event comes about a year after TIFF lost a sponsorship deal it had with longtime supporter and BCE Inc. subsidiary Bell. TIFF did not reveal the financial terms related to the Rogers sponsorship ... Read More »
Be the first to comment!Boeing names new CEO as it posts a loss of more than $1.4 billion in second quarter
By Associated Press, The Associated Press on July 31st, 2024
Boeing lost more than $1.4 billion in the second quarter and said a longtime industry executive will take over as chief executive of the troubled aircraft manufacturer next week. Robert “Kelly” Ortberg, 64, a former CEO at Rockwell Collins, will succeed c as CEO, the company said. Boeing’s loss was wider and revenue lower than ... Read More »
Be the first to comment!Mining firm Cameco reports net earnings of $36 million in Q2
By The Canadian Press on July 31st, 2024
SASKATOON – Cameco Corp. says its second quarter brought net earnings of $36 million, reflecting strength in its uranium business. The Saskatoon-based mining firm says its net earnings attributable to equity holders compared with $14 million a year earlier. The results for the period ended June 30 amounted to earnings of eight cents per basic ... Read More »
Be the first to comment!Fortis sees earnings of $331 million in Q2, up from a year ago
By The Canadian Press on July 31st, 2024
ST. JOHN’S, N.L. – Fortis Inc. says it earned $331 million in its second quarter as it saw strength in its Arizona business and benefited from new customer rates at Tucson Electric Power. The St. John’s, N.L.-based gas and electric utility company says the profit compared with $294 million in the same quarter a year ... Read More »
Be the first to comment!CGI sees $440.1M in net earnings in Q3, will pay quarterly dividend
By The Canadian Press on July 31st, 2024
MONTREAL – CGI Inc. recorded net earnings of $440.1 million in its third quarter. The Montreal-based technology and business consulting firm says the net earnings for the period ended June 30 compared with $414.9 million a year prior. Those earnings amounted to $1.94 per basic share, compared with $1.78 a year ago. The company’s revenue ... Read More »
Be the first to comment!Inflation ticks up in Europe, complicating the European Central Bank’s next move
By David Mchugh, The Associated Press on July 31st, 2024
FRANKFURT, Germany (AP) – Inflation in the 20 countries that use the euro ticked up to 2.6% in July, stubbornly above the European Central Bank’s target and complicating the ECB’s next decision on whether to cut interest rates and boost growth as the economy struggles to stage a convincing recovery after more than a year ... Read More »
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