Business
TFI International reports income, revenue down in first quarter of 2023
By The Canadian Press on April 25th, 2023
MONTREAL – TFI International Inc. says its net income for the first quarter of 2023 was US$111.9 million, down more than 24 per centfrom US$147.7 million a year earlier. The Montreal-based trucking company says total revenue was US$1.85 billion, down more than 15 per centfrom US$2.19 billion a year earlier. Earnings per diluted share for ... Read More »
Be the first to comment!First Quantum Minerals sees earnings drop in Q1 amid production disruptions
By The Canadian Press on April 25th, 2023
TORONTO – First Quantum Minerals Ltd. says it earned US$75 million in the first quarter of 2023, down more than 80 per centfrom $385 million for the same quarter a year earlier. The Toronto-based company said it saw a difficult first quarter, with production at its three largest operations down. Production dipped at First Quantum’s ... Read More »
Be the first to comment!Aecon reports loss of $9.4M in first quarter as cost inflatio
By The Canadian Press on April 25th, 2023
TORONTO – Aecon Group Inc. reported a loss in its first quarter as cost inflation and depressed travel volumes affected results. The construction and infrastructure development company says it had a loss of $9.4 million in its quarter ending March 31 compared with a loss of $17.4 million for the same quarter last year. Revenue ... Read More »
Be the first to comment!S&P/TSX composite falls more than 200 points led by energy, U.S. markets also slide
By The Canadian Press on April 25th, 2023
TORONTO – Canada’s main stock index was down more than 200 points Tuesday with broad-based losses led by energy, while U.S. markets also fell. The S&P/TSX composite index was down 236.87 points at 20,439.87. In New York, the Dow Jones industrial average was down 344.57 points at 33,530.83.The S&P 500 index was down 65.41 points ... Read More »
Be the first to comment!Stock market today: Stocks tumble on profit, economy worries
By Stan Choe, The Associated Press on April 25th, 2023
NEW YORK (AP) – Wall Street had its biggest drop in a month as investors worried about company profits and the state of the economy. The S&P 500 fell 1.6% Tuesday. The Dow Jones Industrial Average lost 1% and the tech-heavy Nasdaq composite fell twice as much. First Republic Bank lost half its value after ... Read More »
Be the first to comment!Colorado becomes 1st to pass ‘right to repair’ for farmers
By Jesse Bedayn, The Associated Press on April 25th, 2023
DENVER (AP) – Colorado became the first state Tuesday to ensure farmers can fix their own equipment with the governor’s signing of a “right to repair” law, which forces manufacturers to provide the necessary manuals, tools, parts and software. Colorado, a state partly blanketed in ranches and farmland, took the lead on the issue following ... Read More »
Be the first to comment!B.C.’s leaky Science World dome fix part of $50-million tourism infrastructure fund
By The Canadian Press on April 25th, 2023
VANCOUVER – One of the most recognizable legacy structures from British Columbia’s Expo 86 World’s Fair will soon undergo repairs on its leaky roof as part of a $50-million tourism infrastructure fund. Premier David Eby says the domed roof of Vancouver’s Science World building is leaking, which prevents the popular tourist destination from using the ... Read More »
Be the first to comment!Petition calls for tax deadline extension amid federal worker strike
By The Canadian Press on April 25th, 2023
There are calls to extend this year’s tax deadline amid a federal public service strike that some say is making it hard to file on time. An online petition by Ottawa accountant Eric Saumure calls on Ottawa to push the filing deadline to June 15, from May 1. The Change.org site had collected more than ... Read More »
Be the first to comment!Tokyo company loses contact with moon lander in likely crash
By Marcia Dunn, The Associated Press on April 25th, 2023
A Japanese company lost contact with its spacecraft moments before touchdown on the moon Wednesday, saying the mission had apparently failed. Communications ceased as the lander descended the final 33 feet (10 meters), traveling around 16 mph (25 kph). Flight controllers peered at their screens in Tokyo, expressionless, as the minutes went by with no ... Read More »
Be the first to comment!Vancity CEO Christine Bergeron moving to top job at Concert Properties
By The Canadian Press on April 25th, 2023
VANCOUVER – Vancity says Christine Bergeron is stepping down as president and chief executive of the credit union to take the top job at real estate company Concert Properties. The credit union says Bergeron will continue with Vancity until mid-July. Bergeron joined Vancity in 2011 and has been chief executive since 2020. Concert Properties, which ... Read More »
Be the first to comment!Tokyo company loses contact with moon lander, fate unknown
By Marcia Dunn, The Associated Press on April 25th, 2023
A Japanese company tried to land its own spacecraft on the moon early Wednesday, but its fate was unknown as flight controllers lost contact with it moments before the planned touchdown. Controllers peered at their screens in Tokyo, expressionless, as the minutes went by with still no word from the lander. A webcast commentator urged ... Read More »
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