Business
Lightspeed Commerce to double down on quest for profitability after reporting Q3 loss
By Tara Deschamps, The Canadian Press on February 2nd, 2023
MONTREAL – Lightspeed Commerce Inc. will double down on its quest for profitability and larger clients after reporting a loss of US$814.8-million in its latest quarter. “We are going after the more sophisticated segment, we are going after the more established segment…so we will not be going after the entire market,” said JP Chauvet, the ... Read More »
Be the first to comment!Started a side hustle? Seek expert advice to avoid tax season headaches
By Amanda Stephenson, The Canadian Press on February 2nd, 2023
Fletcher Gailey-Snell likes to draw t-rexes and triceratops, hammerhead sharks and belugas. He doesn’t particularly enjoy thinking about taxes. It’s why the Ottawa man and his wife Ashley Faragher hired a professional to help them understand the tax implications of their small business, Fletch Robbins, which sells Gailey-Snell’s illustrations of dinosaurs and animals in the ... Read More »
Be the first to comment!European Central Bank hikes rates, vows ‘we are not done’
By David Mchugh, The Associated Press on February 2nd, 2023
FRANKFURT, Germany (AP) – The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more to come, underlining its drive to subdue inflation even as the European economy slows and the U.S. Federal Reserve eases its pace of increases. The Frankfurt-based bank raised its key benchmarks by half a percentage ... Read More »
Be the first to comment!Tech leads gains on Wall Street, led by Facebook parent Meta
By Joe Mcdonald And Matt Ott, The Associated Press on February 2nd, 2023
NEW YORK (AP) – Stocks are off to higher start on Wall Street, led by gains in tech stocks. Meta Platforms, the parent company of Facebook, soared 19% after delivering an optimistic outlook and announcing a huge share buyback. The tech-heavy Nasdaq composite was up 2% in the early going Thursday, far outpacing other indexes. ... Read More »
Be the first to comment!Rogers Q4 earnings of $508M boosted by roaming, sports revenue
By The Canadian Press on February 2nd, 2023
TORONTO – Rogers Communications Inc.’s said Thursday that it fourth-quarter earnings got a boost from higher roaming revenue as travel bounced back and from improved returns from sports advertising and its Toronto Blue Jays franchise as activity normalized. The telecom giant, which is waiting for a final decision on its $26 billion acquisition of Shaw ... Read More »
Be the first to comment!Canada Goose reports Q3 profit down from year ago, cuts full-year guidance
By The Canadian Press on February 2nd, 2023
TORONTO – Canada Goose Holdings Inc. reported its third-quarter profit fell compared with a year ago as it lowered its financial guidance for the year due to what it says was worse-than-expected COVID-19 related disruptions in China and slowing momentum in North America. The luxury parka company says its net income attributable to shareholders was ... Read More »
Be the first to comment!Lightspeed Commerce reports US$814.8M Q3 loss on US$748.7M goodwill impairment charge
By The Canadian Press on February 2nd, 2023
MONTREAL – Lightspeed Commerce Inc. reported a loss of US$814.8-million in its latest quarter as it took a non-cash goodwill impairment charge of US$748.7 million. The e-commerce company, which keeps its books in U.S. dollars, says the loss amounted to US$5.39 per diluted share for the quarter ended Dec. 31 compared with a net loss ... Read More »
Be the first to comment!European Central Bank outpaces US Fed with half-point hike
By David Mchugh, The Associated Press on February 2nd, 2023
FRANKFURT, Germany (AP) – The European Central Bank has chugged ahead with another outsized interest rate increase, underlining its drive to subdue high inflation even as the European economy slows and the U.S. Federal Reserve eases its pace of hikes. The bank raised its key benchmarks by half a percentage point Thursday and vowed a ... Read More »
Be the first to comment!Rogers Communications reports $508M Q4 profit, up from $405M a year earlier
By The Canadian Press on February 2nd, 2023
TORONTO – Rogers Communications Inc. reported a fourth-quarter profit of $508 million, up from $405 million in the same quarter a year earlier as its revenue rose six per cent. The company says the profit amounted to $1 per diluted share for the three months ended Dec. 31, up from 80 cents per diluted share ... Read More »
Be the first to comment!Bank of England hikes rates by half-point to tame inflation
By Danica Kirka, The Associated Press on February 2nd, 2023
LONDON (AP) – The Bank of England raised interest rates by half a percentage point Thursday as it sought to tame double-digit inflation that is fueling a cost-of-living crisis, public-sector strikes and fears of recession. The bank’s monetary policy committee voted 7-2 to push its key rate to 4%, approving the 10th consecutive rate increase ... Read More »
Be the first to comment!Shell profit doubles to record as war drives up energy costs
By Kelvin Chan, The Associated Press on February 2nd, 2023
LONDON (AP) – Global energy giant Shell said Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia’s invasion of Ukraine. London-based Shell Plc posted adjusted earnings of $39.9 billion for 2022 in its financial results for the final three months of the year. ... Read More »
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