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Financial, technology risks likely delayed Alberta carbon capture project: analysts
EDMONTON – A corporate decision to mothball Canada’s largest carbon capture and storage plan is likely the result of financial uncertainty and technological risks, analysts suggest. Capital Power’s decision not to pursue its $2.4-billion Genesee project is unlikely to be the first of other such cancellations, said Scott MacDougall of the Pembina Institute, a clean ... Read More »
Open Text Corp. earns US$98.3 million in third quarter as revenues rise 16 per cent
WATERLOO, ONT. – Open Text Corp. says it earned US$98.3 million, up from US$57.6 million a year earlier. The Waterloo, Ont.-based software company says its revenues totalled US$1.4 billion, up 16 per cent from US$1.2 billion during the same quarter last year. CEO Mark Barrenechea says the stronger revenues reflect customer demand for information management ... Read More »
NFI Group shrinks net loss in Q1 as revenues rise to US$722.7 million
WINNIPEG – NFI Group Inc. reported a net loss of US$9.4 million in its first quarter, compared with a net loss of US$46 million a year earlier. The bus maker says its net loss per share was eight cents US, compared with a loss of 60 cents US during the same quarter last year. Revenues ... Read More »
I-95 in Connecticut will close for days after fiery crash damages bridge, governor says
HARTFORD, Conn. (AP) – The major traffic artery linking New England with New York will be closed in Connecticut for days after a tanker fire damaged a bridge over Interstate 95, Gov. Ned Lamont said Thursday. The tanker truck filled with gasoline burst into flames in a three-vehicle crash Thursday on I-95 in southwest Connecticut, ... Read More »
Sony Pictures and private equity firm Apollo express interest in buying Paramount for $26 billion
Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion, according to a person familiar with the details. Sony would be the majority shareholder and Apollo would have a minority stake, according to the person, who requested anonymity because details of the offer have not ... Read More »
S&P/TSX composite up almost 100 points, U.S. stock markets climb ahead of jobs report
TORONTO – Canada’s main stock index gained almost 100 points Thursday, helped by gains in industrial and utilities stocks,while U.S. stock markets also rose. Markets steadily climbed throughout the day in a starkly different mood from Wednesday, when they suddenly spiked in the afternoon and then erased all those gains before the close. Wall St. ... Read More »
Average game time drops 1 minute to 2:36 in second season of MLB pitch clock
NEW YORK (AP) – The average time of a nine-inning game is 2 hours, 36 minutes through the first full month of the major league season, down 1 minute from 2023 in the second year of the pitch clock. Over objections from the players’ association, MLB lowered the timer to 18 seconds from 20 with ... Read More »
Oilers await second-round opponent, plan to use rest as a weapon
EDMONTON – During what they hope is a deep run through the gruelling Stanley Cup playoffs this spring, the Edmonton Oilers will take all the time off they can get. “Rest is always a good thing,” captain Connor McDavid said. “Rest is a weapon this time of year.” The Oilers defeated the Los Angeles Kings ... Read More »
Hurricanes’ Rod Brind’Amour says he feels ‘really good’ about reaching new contract
RALEIGH, N.C. (AP) – Carolina Hurricanes coach Rod Brind’Amour said Thursday he feels “really good” that he will reach a new contract with the team, mirroring optimism from president and general manager Don Waddell a day earlier. Brind’Amour – considered by many the face of the franchise with his long-running ties here that include being ... Read More »
Quebec police can refuse to talk to and share notes with watchdog: Court of Appeal
MONTREAL – Quebec’s highest court says police officers have the right to remain silent during investigations by the province’s police watchdog. In a decision Tuesday, the Court of Appeal sided with the Quebec federation of municipal police officers and the Montreal police brotherhood against the provincial government. The police organizations won in Superior Court, and ... Read More »
S&P/TSX composite up almost 100 points, U.S. stock markets also climb
TORONTO – Canada’s main stock index gained almost 100 points Thursday, helped by gains in industrial and utilities stocks,while U.S. stock markets also climbed. The S&P/TSX composite index closed up 94.67 points at 21,823.22. In New York, the Dow Jones industrial average was up 322.37 points at 38,225.66. The S&P 500 index was up 45.81 ... Read More »
