Skip to content

National Business

Two Port of Montreal terminals shut down as dockworkers begin new strike

Two Port of Montreal terminals shut down as dockworkers begin new strike

MONTREAL — Dockworkers at the Port of Montreal started a new strike Thursday morning, forcing the indefinite shutdown of two container terminals at the country's second biggest port.
Read more >
Veren's share price plunges as oil producer lowers output forecast

Veren's share price plunges as oil producer lowers output forecast

CALGARY — Oil producer Veren Inc. saw its share price plunge by more than 14 per cent on Thursday, on news that the company is lowering its production forecast for 2024 and grappling with "under-performance" from some of its wells.
Read more >
Stock market today: Microsoft, Meta and the burden of expectations knock Wall Street sharply lower

Stock market today: Microsoft, Meta and the burden of expectations knock Wall Street sharply lower

NEW YORK (AP) — The downside of high expectations thumped Wall Street on Thursday, and Microsoft and Meta Platforms dragged U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 sank 1.
Read more >
S&P/TSX composite falls 1.4% Thursday, U.S. stock markets also tumble

S&P/TSX composite falls 1.4% Thursday, U.S. stock markets also tumble

TORONTO — Canada's main stock index fell 1.4 per cent Thursday, with broad losses led by base metals and technology, while U.S. stock markets also fell as drops in major tech stocks weighed on Wall Steet.
Read more >
Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

LOS ANGELES (AP) — Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company's stock up in after-hours trading. For the three months that ended on Sept.
Read more >
ChatGPT will now work as a search engine as OpenAI partners with some news outlets

ChatGPT will now work as a search engine as OpenAI partners with some news outlets

SAN FRANCISCO (AP) — OpenAI is launching a ChatGPT-powered search engine that could put the artificial intelligence company in direct competition with Google and affect the flow of internet traffic seeking news, sports scores and other timely informa
Read more >
Spin Master 'disappointed' by digital games in Q3 but sees promise in Ms. Rachel

Spin Master 'disappointed' by digital games in Q3 but sees promise in Ms. Rachel

TORONTO — Spin Master Corp. is headed into the holiday season with some work to do to improve its digital games business, but plenty of promise coming from its Ms. Rachel and Melissa & Doug toys.
Read more >
Creditors to vote on proposed $32.5B tobacco settlement in December

Creditors to vote on proposed $32.5B tobacco settlement in December

TORONTO — Creditors are set to vote later this year on a proposed settlement that would see three tobacco giants pay out billions to provinces and smokers across Canada, an Ontario court ruled Thursday as one of the companies indicated it opposes the
Read more >
SeaRose floating oilfield vessel en route back to Canada after refurbishment: Cenovus

SeaRose floating oilfield vessel en route back to Canada after refurbishment: Cenovus

CALGARY — Cenovus Energy Inc.'s West White Rose project off the coast of Newfoundland has reached a major milestone with the completed refurbishment of the massive vessel that will operate in the expanded offshore oilfield.
Read more >
Gildan Activewear will be 'beneficiary of consolidation' as customers merge: CEO

Gildan Activewear will be 'beneficiary of consolidation' as customers merge: CEO

Gildan Activewear Inc.'s chief executive brushed off concerns Thursday that a recent merger between two of its biggest customers will spell trouble for his business.
Read more >