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Precision Drilling reports $26.9 million profit in Q2 as company reduces debt

Precision Drilling reports $26.9 million profit in Q2 as company reduces debt

CALGARY — Precision Drilling Corp. reported a second-quarter profit of $26.9 million, reversing a $24.6 million loss from a year earlier as the company says it has reduced its total debt by $100 million since the beginning of the year.
Halal finance options have expanded in recent years, but demand outstrips supply

Halal finance options have expanded in recent years, but demand outstrips supply

When Imad Ansari wanted to start investing around 15 years ago, his options were limited. As a practicing Muslim, Ansari wanted to make sure his investments were halal, meaning that they followed Islamic rules.
European Central Bank hikes interest rates to combat inflation and leaves door open to more

European Central Bank hikes interest rates to combat inflation and leaves door open to more

FRANKFURT, Germany (AP) — The European Central Bank raised interest rates for the ninth straight time Thursday in its yearlong campaign to stamp out painfully high inflation and kept the door open to further hikes despite increasing fears of recessio
EU investigates Microsoft over concerns bundling Teams with Office eliminates competition

EU investigates Microsoft over concerns bundling Teams with Office eliminates competition

BRUSSELS (AP) — The European Union said Thursday that it has opened an antitrust investigation into Microsoft over concerns that bundling its Teams messaging and videoconferencing app with its Office productivity software gives it an unfair edge over
Canada Goose launches second-hand, trade-in program in Canada

Canada Goose launches second-hand, trade-in program in Canada

TORONTO — Your next Canada Goose coat might be on its second life by the time it gets to you.
Rob Manfred's term as baseball commissioner extended until 2029 by MLB owners

Rob Manfred's term as baseball commissioner extended until 2029 by MLB owners

NEW YORK (AP) — Baseball Commissioner Rob Manfred's term was extended until 2029 on Wednesday by major league owners. The decision to give Manfred a third term in charge of the sport was made during a vote at an in-person meeting in Washington, D.C.
Mutinous soldiers claim to have overthrown Niger's president

Mutinous soldiers claim to have overthrown Niger's president

NIAMEY, Niger (AP) — Mutinous soldiers claimed to have overthrown Niger's democratically elected president, announcing on state television late Wednesday that they have put an end to the government over the African country's deteriorating security.
Federal Reserve raises rates for 11th time to fight inflation but gives no clear sign of next move

Federal Reserve raises rates for 11th time to fight inflation but gives no clear sign of next move

WASHINGTON (AP) — The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months as part of its ongoing drive to curb inflation. But it provided little guidance about when — or whether — it might hike rates again.
GFL Environmental sees revenue, net income grow in second quarter

GFL Environmental sees revenue, net income grow in second quarter

VAUGHAN, Ont. — GFL Environmental Inc. says its net income from continuing operations was $293.8 million in the second quarter, up from $82.6 million a year earlier. The Vaughan, Ont.-based company says revenue for the quarter ended June 30 was $1.
Canada geese 'stained' with crude oil at Imperial Oil facility in Alberta

Canada geese 'stained' with crude oil at Imperial Oil facility in Alberta

CALGARY — The Alberta Energy Regulator says a flock of Canada geese were stained with oil after landing on a lagoon at an Imperial Oil facility northwest of Cold Lake.