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Greater Toronto home sales down in April but new listings surge: board

Greater Toronto home sales down in April but new listings surge: board

TORONTO — The Toronto Regional Real Estate Board says Greater Toronto home sales in April were down five per cent from last year, but new listings surged, which created more choice for buyers and kept prices stable.
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Magna reports Q1 profit down from year ago, takes charge related to Fisker

Magna reports Q1 profit down from year ago, takes charge related to Fisker

TORONTO — Magna International Inc. says its first-quarter profit fell compared with a year ago as it recorded US$316 million in asset impairments and restructuring costs related to troubled electric vehicle company Fisker.
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Grocery co-ops an alternative to corporate grocers amid anger, mistrust: experts

Grocery co-ops an alternative to corporate grocers amid anger, mistrust: experts

These days, Bruce Woodrow gets most of his groceries at one of two places: Costco, and a small grocery co-operative nestled in an alley in the heart of Toronto.
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Apple's quarterly iPhone sales plunge 10%, but stock price surges

Apple's quarterly iPhone sales plunge 10%, but stock price surges

Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence.
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Aritzia's net income falls as the retailer works to set itself up for future growth

Aritzia's net income falls as the retailer works to set itself up for future growth

Aritzia Inc.'s net income fell by 58 per cent in its latest fiscal year, which the retailer's chief executive said was spent laying the groundwork for the business's rebound.
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TMX Group earns $139.5 million in first quarter as revenues rise

TMX Group earns $139.5 million in first quarter as revenues rise

TORONTO — TMX Group Inc. says it earned $139.5 million in its first quarter, up from $89 million a year earlier. The operator of the Toronto Stock Exchange says its revenues totalled $345.9 million in the quarter ended March 31, up from $299.
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London Drugs rebuilding infrastructure after cybersecurity breach

London Drugs rebuilding infrastructure after cybersecurity breach

VANCOUVER — Retailer London Drugs says it's rebuilding its data infrastructure with the help of leading third-party experts to bring its operations safely back online after a cybersecurity incident that has shut down stores for five days.
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Financial, technology risks likely delayed Alberta carbon capture project: analysts

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.
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Open Text Corp. earns US$98.3 million in third quarter as revenues rise 16 per cent

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.
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NFI Group shrinks net loss in Q1 as revenues rise to US$722.7 million

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.
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