Skip to content

National Business

Saputo reports $142M Q1 profit, revenue up nearly 10% from year ago

Saputo reports $142M Q1 profit, revenue up nearly 10% from year ago

MONTREAL — Saputo Inc. reported a profit of $142 million in its latest quarter as its revenue rose nearly 10 per cent compared with a year ago.
Read more >
Bell got $64M from jail calls at issue in lawsuit, gave $39M commission to Ontario

Bell got $64M from jail calls at issue in lawsuit, gave $39M commission to Ontario

TORONTO — Bell Canada made more than $64 million in gross revenues from calls made by inmates at Ontario jails — at "exorbitant" rates, lawyers allege in a lawsuit — and gave nearly $39 million of that to the province as commission, according to new
Read more >
US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption case

US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption case

NEW YORK (AP) — Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a financial conspiracy case that welled up from from his country's “ tuna bond ” scandal and swept into a U.S. court.
Read more >
RioCan earnings rise to $122.4 million in second quarter

RioCan earnings rise to $122.4 million in second quarter

TORONTO — RioCan Real Estate Investment Trust says its net income for the second quarter was $122.4 million, up from $112.0 million during the same quarter last year. RioCan says its revenues totalled $292.2 million, up from $276.
Read more >
Sleep Country earnings rise as direct-to-consumer brands help buffer softer spending

Sleep Country earnings rise as direct-to-consumer brands help buffer softer spending

TORONTO — Sleep Country Canada Holdings Inc. says it earned $15.8 million in its second quarter, up from $12.7 million a year earlier. The Toronto-based company says its revenues for the quarter were $232.5 million, up from $217.
Read more >
Pembina Pipeline earns $479 million in second quarter, ups full-year forecast

Pembina Pipeline earns $479 million in second quarter, ups full-year forecast

CALGARY — Pembina Pipeline Corp. says it earned $479 million in its second quarter of this year, a 32-per-cent increase over the same period in 2023.
Read more >
Quebecor calls on regulator to address network access issues as it pushes expansion

Quebecor calls on regulator to address network access issues as it pushes expansion

Quebecor Inc. says it's pushing Canada's telecom regulator to help resolve network access issues that are holding back the Quebec-based company's expansion plans.
Read more >
Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%

NEW YORK (AP) — U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about the slowing economy . The S&P 500 jumped 2.
Read more >
Court approves Postmedia bid for insolvent Atlantic newspaper chain

Court approves Postmedia bid for insolvent Atlantic newspaper chain

HALIFAX — Postmedia Network Inc. has won court approval for its bid to buy Atlantic Canada's largest newspaper chain, but the company says the acquisition will lead to job cuts.
Read more >
Linamar reports earnings rise to $174.1 million, CEO to become executive board chair

Linamar reports earnings rise to $174.1 million, CEO to become executive board chair

GUELPH, Ont. — Manufacturer Linamar Corp. says its earnings and revenue rose during the last quarter that longtime CEO Linda Hasenfratz will serve in the top role.
Read more >