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National Business
National Business
Constellation Software sees earnings and revenue rise in first quarter
TORONTO — Constellation Software Inc. says it earned US$74 million in its latest quarter, up from a loss of US$83 million a year earlier. The Toronto-based company says its revenue for the first quarter ended March 31 was US$2.4 billion.
May 10, 2024 5:45 PM
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Labour board to review safety concerns of potential rail strike, making delay likely
The federal government has asked the Canada Industrial Relations Board to review whether a strike by rail workers would jeopardize Canadians' health and safety, adding a new element of uncertainty in the lead-up to potential job action.
May 10, 2024 5:32 PM
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B.C. halts new jade mining in northwest, five-year transition for existing operations
VICTORIA — British Columbia has prohibited mining activities on new jade tenures in the northwest, while setting a five-year wind-down period for existing operators.
May 10, 2024 4:55 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (22,308.93, down 66.90 points): Baytex Energy Corp. (TSX:BTE). Energy. Down 41 cents, or 7.99 per cent, to $4.72 on 16.5 million shares.
May 10, 2024 4:46 PM
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TSX edges off recent record after blowout jobs report, U.S. stock markets mixed
TORONTO — Canada's main stock index edged lower Friday after closing at a record high the day before as markets reacted to a much stronger-than-expected jobs report, while U.S. stock markets were mixed. The S&P/TSX composite index closed down 66.
May 10, 2024 4:32 PM
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Pembina Pipeline says potential Trans Mountain purchase not a priority
CALGARY — Exploring a potential purchase of the Trans Mountain oil pipeline is not a major priority right now for Pembina Pipeline Corp., the Calgary-based company said.
May 10, 2024 4:32 PM
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Crescent Point says no major sales or purchases in near future after deal spree
CALGARY — After a recent spree of large-scale transactions cementing it as the dominant player in two major North American petroleum plays, Crescent Point Energy Corp. says it is done with buying and selling assets for the near future.
May 10, 2024 3:41 PM
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Doubts grow over June interest rate cut after big gains seen in jobs report
OTTAWA — The odds of a June interest rate cut from the Bank of Canada appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month.
May 10, 2024 2:15 PM
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April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report
The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January, a new report says. The report by Urbanation and Rentals.
May 10, 2024 2:04 PM
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Enbridge says carbon storage project still alive in spite of Capital Power decision
CALGARY — Enbridge Inc.'s proposal to build a major carbon storage hub in Alberta remains on the table, the company said Friday, in spite of Capital Power's recent decision to shelve its own $2.4-billion project associated with the plan.
May 10, 2024 12:53 PM
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