Hydro One reports $357M Q3 profit, up from $307M a year earlier
By The Canadian Press on November 8th, 2023
TORONTO – Hydro One Ltd. reported a third-quarter profit of $357 million, up from $307 million a year ago. The power utility says the profit amounted to 59 cents per diluted share for the quarter ended Sept. 30, up from 51 cents per diluted share a year earlier. Revenue totalled $1.93 billion, down from $2.03 ... Read More »
Be the first to comment!Trudeau to travel to San Francisco Nov. 15-17 to attend meeting of APEC leaders
By The Canadian Press on November 8th, 2023
WASHINGTON – Prime Minister Justin Trudeau is expected to travel to San Francisco next week for the annual Asia-Pacific Economic Cooperation summit. Foreign Affairs Minister Mélanie Joly and International Trade Minister Mary Ng are also to take part in the visit Nov. 15-17. A statement from the Prime Minister’s Office suggests Trudeau will be focused ... Read More »
Be the first to comment!Partial reopening of Highway 3 near Keremeos, B.C., after slide forced evacuations
By The Canadian Press on November 8th, 2023
KEREMEOS, B.C. – Crews have partially reopened a major highway through southern British Columbia as they deal with a rock slide that blocked the route west of Keremeos on Sunday. A geotechnical survey was done Tuesday and DriveBC, the province’s online traveller information system, says Highway 3 between Keremeos and Hedley opened to single lane ... Read More »
Be the first to comment!Indigo launches transformation plan in hopes of returning retailer to profitability
By The Canadian Press on November 8th, 2023
TORONTO – The head of Indigo Books and Music Inc. says the company is embarking on a transformation plan. Heather Reisman didn’t outline what specific steps the plan includes but says it is filled with short- and long-term initiatives meant to deliver growth and profitability to the books and home goods retailer. She cautioned it ... Read More »
Be the first to comment!Ikea Canada leaning on automation as it overhauls fulfilment network: new CEO
By Tara Deschamps, The Canadian Press on November 8th, 2023
TORONTO – When people north of Toronto visit Ikea’s store in Vaughan, Selwyn Crittendon says it will be hard to tell there’s a transformation underway in the bowels of the building, away from the maze-like aisles leading customers through the showroom. It’s in those hidden spaces that the Swedish home goods and furniture retailer is ... Read More »
Be the first to comment!Stock market today: Wall Street drifts in early trading
By Yuri Kageyama, The Associated Press on November 8th, 2023
NEW YORK (AP) – Stocks are still stuck on pause as Wall Street continues to recalibrate following its sharp recent swings. The S&P 500 was up 0.2% early Wednesday and on track for a third straight day of quiet trading. The Dow edged up 38 points, and the Nasdaq composite was up 0.1%. Rivian Automotive ... Read More »
Be the first to comment!Bus maker NFI Group raises full-year guidance, reports US$39.9M Q3 loss
By The Canadian Press on November 8th, 2023
WINNIPEG – NFI Group Inc. raised its financial guidance for its full year as it reported a loss of US$39.9 million in its third quarter. The bus maker, which keeps its books in U.S. dollars, says its loss amounted to 42 cents per share for the quarter ended Oct.1, compared with a loss of US$40.2 ... Read More »
Be the first to comment!Las Vegas hotel workers union reaches tentative deal with Caesars, but threat of strike still looms
By Rio Yamat, The Associated Press on November 8th, 2023
LAS VEGAS (AP) – The labor union representing tens of thousands of Las Vegas hospitality workers announced early Wednesday that it had reached a tentative deal with casino giant Caesars Entertainment, a major breakthrough that could help avert an unprecedented strike at more than a dozen hotel-casinos on the Las Vegas Strip. The announcement came ... Read More »
Be the first to comment!CGI reports $414.5M Q4 profit, up from $362.4M a year ago, revenue also higher
By The Canadian Press on November 8th, 2023
MONTREAL – CGI Inc. reported a fourth-quarter profit of $414.5 million, up from $362.4 million a year ago, as its revenue rose eight per cent. The technology consulting firm says its profit amounted to $1.76 per diluted share for the quarter ended Sept. 30, up from $1.51 per diluted share a year earlier. Revenue totalled ... Read More »
Be the first to comment!TC Energy reports Q3 loss as it takes Coastal GasLink charge
By The Canadian Press on November 8th, 2023
CALGARY – TC Energy Corp. reported a loss in its latest quarter compared with a profit a year ago as it took an impairment charge related to its Coastal GasLink pipeline project. The result came as the company says it has achieved mechanical completion of Coastal GasLink ahead of its year-end target and plans to ... Read More »
Be the first to comment!MDA reports $9.3M Q3 profit, revenue up nearly 20% from year ago
By The Canadian Press on November 8th, 2023
BRAMPTON, Ont. – MDA Ltd. reported net income of $9.3 million in its latest quarter, down from $17.9 million a year earlier, as its revenue rose nearly 20 per cent. The space technology firm says the profit amounted to eight cents per diluted share for the quarter ended Sept. 30, down from 15 cents per ... Read More »
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