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National Business
Linamar reports earnings up in first quarter to $178.5 million
GUELPH, Ont. — Linamar Corp. says earnings were up in its first quarter from last year as revenue rose on market share growth and acquisitions. The auto parts manufacturer says it had net income of $178.
May 8, 2024 4:44 PM
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S&P/TSX composite down as shares of Shopify tumble, U.S. stock markets mixed
TORONTO — Shares of tech heavyweight Shopify fell almost 19 per cent Wednesday, weighing on Canada's main stock index, while U.S. markets were mixed. The S&P/TSX composite index closed down 31.46 points at 22,259.16.
May 8, 2024 4:40 PM
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Stock market today: Indexes drift to a mixed close as Wall Street remains in a lull
NEW YORK (AP) — Stock drifted to a mixed close as Wall Street remains in a lull. The S&P 500 closed little changed Wednesday, after a big three-day winning streak gave way to a tiny gain the prior day. The Dow Jones Industrial Average rose 0.
May 8, 2024 4:10 PM
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Shopify shares sink as company posts Q1 loss, forecasts slower revenue growth
Shopify Inc.'s shares slumped Wednesday as the company reported a loss in its latest quarter and forecast slower revenue growth for next quarter in its financial outlook. The e-commerce software company, which keeps its books in U.S.
May 8, 2024 4:10 PM
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ATCO subsidiary to build new Alberta pipeline to supply gas to petrochemical project
CALGARY — Canadian Utilities Ltd., a subsidiary of Calgary-based holding company ATCO Ltd., plans to build a new, $2-billion natural gas pipeline in Alberta that will supply a massive net-zero petrochemical project being built northeast of Edmonton.
May 8, 2024 3:37 PM
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Spin Master gets boost from Melissa & Doug deal, sees slow spending through 2024
TORONTO — Spin Master Corp. says it continues to face challenges from inflation, higher interest rates and a slowdown in consumer spending, including on toys, that it predicts will remain through least the end of the year.
May 8, 2024 3:23 PM
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Safety board issues message to float-plane pilots on landing-site hazards
RICHMOND, B.C. — An investigation by the Transportation Safety Board has concluded that a small float plane coming in near Tofino, B.C.
May 8, 2024 3:08 PM
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Stella-Jones reports $77M Q1 profit, up from $60M a year earlier
MONTREAL — Stella-Jones Inc. reported a first-quarter profit of $77 million, up from $60 million a year ago, as its revenue rose nine per cent. The maker of utility poles and railway ties says its profit amounted to $1.
May 8, 2024 2:28 PM
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Air Canada ranks near bottom on customer satisfaction: survey
MONTREAL — Air Canada ranks below most other major North American airlines on customer satisfaction, with airfares a particular sore point, according to a new survey.
May 8, 2024 2:26 PM
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Suncor leasing oil tanker ships to carry crude from Trans Mountain pipeline expansion
CALGARY — Suncor Energy Inc. says it is leasing and operating a number of Aframax oil tanker ships to carry crude from the recently completed Trans Mountain pipeline expansion to Pacific markets.
May 8, 2024 2:17 PM
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