CAE tops earnings predictions in first quarter amid renewed demand in civil aviation
By The Canadian Press on August 9th, 2023
MONTREAL – CAE Inc. is reporting a 13 per cent spike in revenues as commercial aviation bounces back following a prolonged pandemic downturn. The builder of flight and health simulators says net income attributable to equity holders in the three months ended June 30 rose to $65.3 million from $1.7 million in the same period ... Read More »
Be the first to comment!Stock market today: Wall Street holds steady after dropping 5 of past 6 days
By Yuri Kageyama And Matt Ott, The Associated Press on August 9th, 2023
NEW YORK (AP) – Stocks and bonds are holding relatively steady as Wall Street waits for a highly anticipated report on inflation. The S&P 500 was little changed in early trading Wednesday, coming off a rough run where it’s dropped five of the last six days. The Dow and the Nasdaq were also barely moving. ... Read More »
Be the first to comment!Hydro One earnings on the rise after rate hike
By The Canadian Press on August 9th, 2023
TORONTO – Hydro One Ltd. says second-quarter earnings ticked up four per cent compared to a year ago. In the three months ended June 30, the power utility says net income attributable to common shareholders rose to $265 million from $255 million in the same period a year earlier. Hydro one is reporting second-quarter revenues ... Read More »
Be the first to comment!WSP Global raises earnings forecast as profits soar
By The Canadian Press on August 9th, 2023
MONTREAL – WSP Global Inc. is raising its earnings forecast for the year amid rising revenues fuelled by organic growth as well as recent acquisitions. In the three months ended July 1, the engineering firm says net earnings attributable to shareholders rose 69 per cent to $150.7 million from $89.3 million in the same period ... Read More »
Be the first to comment!WSP Global raises earnings forecast as earnings climb
By The Canadian Press on August 9th, 2023
MONTREAL – WSP Global Inc. is raising its earnings forecast for the year amid rising revenues fuelled by organic growth as well as recent acquisitions. In the three months ended July 1, the engineering firm says net earnings attributable to shareholders rose to $150.7 million from $89.3 million in the same period a year earlier. ... Read More »
Be the first to comment!Metro sees profits shoot up amid surging same-store sales growth
By The Canadian Press on August 9th, 2023
MONTREAL – Metro Inc. says earnings surged in its latest quarter, fuelled by higher same-door sales. In the quarter ended July 1, the grocery and drug store retailer says net earnings skyrocketed 26 per cent to $346.7 million from $275 million a year earlier. Metro says the massive gains in its third quarter are due ... Read More »
Be the first to comment!Canadians divided over retailers’ anti-theft measures, poll finds
By Sammy Hudes, The Canadian Press on August 9th, 2023
Less than half of Canadians believe retail stores are implementing the right amount of security measures to prevent shoplifting but the majority say they would feel safe working in one, a new Leger poll found. The survey on retail security indicated that a wide majority of people support retailers implementing measures to prevent theft such ... Read More »
Be the first to comment!S&P/TSX composite index dips alongside U.S. markets in Tuesday trading
By Sammy Hudes, The Canadian Press on August 8th, 2023
TORONTO – Canada’s main stock market nudged southward in trading on Tuesday, in line with a bigger dip in U.S. markets. Stocks tumbled as worries about the banking system and the global economy injected more caution into financial markets worldwide. Bank stocks helped lead the market lower after Moody’s cut the credit ratings for 10 ... Read More »
Be the first to comment!Stock market today: Wall Street falls with markets worldwide on worries about banks and the economy
By Stan Choe, The Associated Press on August 8th, 2023
NEW YORK (AP) – Stocks closed lower on Wall Street as worries about the banking system and the global economy inject more caution into financial markets worldwide. The S&P 500 fell 0.4% Tuesday after paring an earlier loss. The Dow lost 158 points, or 0.4%, and the Nasdaq fell 0.8%. Bank stocks helped lead the ... Read More »
Be the first to comment!How to cut back on post-secondary costs: Don’t buy every supply you think you need
By Pascale Malenfant, The Canadian Press on August 8th, 2023
When fourth-year Carleton University journalism student Boshko Maric started his undergraduate degree in the height of the pandemic, he didn’t have many people in his life to turn to for advice on the supplies he needed to buy. Given he spent the first year of his degree at home, everything he budgeted for – whether ... Read More »
Be the first to comment!Unifor president demands SNC-Lavalin reinstate fired union head
By The Canadian Press on August 8th, 2023
MONTREAL – The head of Canada’s largest private sector union is calling out SNC-Lavalin for firing the head of a union that represents hundreds of its engineers and other workers. Unifor national president Lana Payne says SNC should reinstate Mark Chudak, who led the Society of Professional Engineers and Associates (SPEA) until he and another ... Read More »
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