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National Business
Stelco reports earnings growth in Q2, but warns lower prices will affect rest of year
HAMILTON — Stelco Holdings Inc. says its year-over-year earnings increased 53 per cent in the second quarter of 2022 to $554 million, or $7.67 per diluted share.
Aug 10, 2022 3:35 PM
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Manulife reports $1.6B drop in Q2 earnings on market impacts
TORONTO — Manulife Financial Corp. says it saw a $1.6-billion drop in earnings in the second quarter compared with a year earlier as market turmoil hit its bottom line. The insurance giant says it had net income of $1.
Aug 10, 2022 2:56 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,885.94, up 307.64 points.) Barrick Gold Corp. (TSX:ABX). Materials. Down six cents, or 0.28 per cent, to $21.10 on 14.
Aug 10, 2022 2:42 PM
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North American markets surge as new data shows inflation may have already peaked
Canada's main stock index made triple-digit gains Wednesday while U.S. markets also surged on the release of new data suggesting U.S. inflation may have finally peaked. The latest Consumer Price Index report from the U.S.
Aug 10, 2022 2:31 PM
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Complaints backlog mounts as airline regulator faces staff shortage
MONTREAL — Canada's transport regulator says its backlog of air passenger complaints is growing as a staff shortage comes up against a summer of airport chaos — itself due in part to labour shortages.
Aug 10, 2022 2:26 PM
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OCS to resume cannabis deliveries after cyberattack on logistics partner
TORONTO — The Ontario Cannabis Store says its distribution centre is resuming some service after a cyberattack on one of its logistics partners caused the provincial pot wholesaler to halt deliveries this week.
Aug 10, 2022 2:11 PM
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Linamar reports sales up on market share, pricing, while income dips to $105M
GUELPH, Ont. — Linamar Corp. says sales climbed in its last quarter on increased market share and higher pricing while profits saw a modest dip in part on higher input costs.
Aug 10, 2022 1:45 PM
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CAE Inc. lowers forecast as profits plunge, but backlog grows
MONTREAL — CAE Inc. reined in its earnings forecast for the year after reporting a 96 per cent year-over-year profit decrease last quarter due to supply chain problems and writedowns on a pair of pricey defence projects.
Aug 10, 2022 1:42 PM
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Mining company says Nova Scotia approves bid to raise tailings dam at Gold mine
HALIFAX — Nova Scotia’s Environment Department has approved an application from the owners of the Touquoy gold mine to raise the height of the wall of its existing tailings waste pond.
Aug 10, 2022 1:36 PM
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Lower prices offer Americans slight reprieve from inflation
WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades . Consumer prices jumped 8.
Aug 10, 2022 1:17 PM
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