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Magna International reports Q1 profit down from year ago, sales up 11%

Magna International reports Q1 profit down from year ago, sales up 11%

TORONTO — Magna International Inc. upgraded its outlook for its sales and profit for the year as it reported its first-quarter profit fell compared with a year ago and its sales rose 11 per cent. The auto parts company, which keeps its books in U.S.
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Robot vs. human: Saskatoon brewer goes head to head with ChatGPT-designed beer

Robot vs. human: Saskatoon brewer goes head to head with ChatGPT-designed beer

SASKATOON — It may have been the greatest battle between robots and humans to ever take place inside a Saskatchewan brewery.
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Leaders express disappointment with changes to Canadian North airline

Leaders express disappointment with changes to Canadian North airline

YELLOWKNIFE — Northern leaders say they are disappointed with changes that allow Canadian North to increase prices and reduce flight service in remote communities, but the airline says it will be better able to meet demand.
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Pilots decry industry push for solo flying

Pilots decry industry push for solo flying

MONTREAL — Pilots are speaking out against an aviation industry push toward having a sole crew member in the cockpit.
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Air Canada boosts earnings outlook for 2023, citing strong demand and traffic

Air Canada boosts earnings outlook for 2023, citing strong demand and traffic

MONTREAL — Air Canada hiked its earnings outlook Thursday, saying it expects earnings to rise due to an improvement in traffic as well as stronger-than-anticipated demand and lower-than-expected fuel prices.
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OpenText sees revenues soar more than 40 per cent in third quarter, income dips

OpenText sees revenues soar more than 40 per cent in third quarter, income dips

WATERLOO — Open Text Corp. says its net income was US$57.6 million in the third quarter, down 22.9 per cent from US$74.7 million a year earlier. The Waterloo-based company, which reports in U.S. dollars, says revenues were US$1.24 billion, up 41.
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'Hissy fit' fallout: trade minister speaks with U.S. envoy over tax-credit comment

'Hissy fit' fallout: trade minister speaks with U.S. envoy over tax-credit comment

WASHINGTON — International Trade Minister Mary Ng exchanged words with the U.S. envoy to Ottawa on Thursday after he accused Canada of having a "hissy fit" over President Joe Biden's original plan to encourage the sale of electric vehicles.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,238.19, down 116.49): Enbridge Inc. (TSX:ENB). Energy. Up 23 cents, or 0.43 per cent, to $53.18 on 10.8 million shares. Shopify Inc.
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Bell, Telus executives express confidence following closure of Rogers-Shaw merger

Bell, Telus executives express confidence following closure of Rogers-Shaw merger

Following Rogers Communications Inc.'s successful closing of the largest telecommunications deal in Canadian history last month, the company's two main rivals say they are well positioned to compete in the altered industry landscape.
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S&P/TSX composite loses more than 100 points, U.S. markets also down

S&P/TSX composite loses more than 100 points, U.S. markets also down

TORONTO — Canada's main stock index was down more than 100 points Thursday amid broad-based losses, while U.S. markets were also down as uncertainty continued to grip the regional banking sector south of the border. Turmoil in the U.S.
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