OpenText Corp. says it earned US$37.7 million in its second quarter, down 85 per cent from US$258.5 million during the same quarter last year.The company saw its operating expenses nearly […]
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January hiring was the lowest for the month on record as layoffs surged
Companies announced the highest level of job cuts in January since early 2023, a potential trouble spot for a labor market that will be in sharp focus this year, according […]
Canadian factory activity fell for ninth straight month in January, but confidence growing
Canadian manufacturing activity declined for a ninth straight month in January but there was a slowdown in the pace of contraction as inflation pressures eased and firms grew more confident […]
Saudi Arabia has not yet joined BRICS, Saudi official source says
Saudi Arabia is still considering an invitation to become a member of the BRICS bloc of countries after being asked to join by the group last year, a Saudi official […]
Brookfield Infrastructure: Q4 Earnings Snapshot
Brookfield Infrastructure Partners LP (BIP) on Thursday reported a key measure of profitability in its fourth quarter.The real estate investment trust, based in Hamilton, Bermuda, said it had funds from […]
Canada Goose reports $130.6M Q3 profit, revenue up 6% from year earlier
Canada Goose Holdings Inc. reported $130.6 million in net income attributable to shareholders for its third-quarter as its revenue rose six per cent compared with a year ago.The luxury parka […]
Rogers fourth-quarter profit dips 35% amid Shaw takeover costs, revenue climbs
Rogers Communications Inc. RCI-B-T +1.43%increase saw its fourth-quarter profit decline by 35 per cent to $328-million, while its revenue rose 28 per cent to $5.34-billion.The profit for the three-month period ended Dec. 31 […]
Worries grow over market dominance of the Magnificent Seven. Plus, five steps to RRSP success
Earnings reports this week from five of the so-called Magnificent Seven stocks are putting a renewed focus on risks from the group’s outsize weighting in the S&P 500.Last year, eye-popping […]
Saudi Arabia’s surprise oil capacity U-turn was months in the making, source says
Saudi Arabia’s surprise reversal of its oil expansion ambitions was at least six months in the making, said an industry source, after Riyadh concluded its vast spare capacity was enough […]