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Cargojet touts reliability amid airport chaos as shippers pivot from passenger planes

Cargojet touts reliability amid airport chaos as shippers pivot from passenger planes

Cargojet Inc. reported high-flying revenues in its latest quarter despite falling e-commerce demand, as the air cargo outfit seized on the mess of delays plaguing passenger airlines — which also carry freight on board — to shore up its business.
Senate passes bill to boost computer chip production in US

Senate passes bill to boost computer chip production in US

WASHINGTON (AP) — A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration.
Non-food sales down at Loblaw as inflation-weary customers rein in spending

Non-food sales down at Loblaw as inflation-weary customers rein in spending

Loblaw Companies Ltd.'s sales growth is softening as inflation continues to grip the economy and shape consumer shopping habits, the company's president and chairman said Wednesday.
Rogers to spend $150 million on customer credits after July 8 outage

Rogers to spend $150 million on customer credits after July 8 outage

TORONTO — Rogers Communications Inc. acknowledged Wednesday it has work to do in building customer trust after its massive network outage earlier this month and that it expects to spend $150 million on customer credits related to the outage.
Precision Drilling reports $25M net loss in Q2, revenue up 62%

Precision Drilling reports $25M net loss in Q2, revenue up 62%

CALGARY — Precision Drilling Corp. says it had a net loss of $24.6 million for the second quarter, down from a net loss of $75.9 million in the same quarter last year. The net loss for the quarter ending June 30 worked out to $1.
Crescent Point reports adjusted earnings jump on higher oil prices

Crescent Point reports adjusted earnings jump on higher oil prices

CALGARY — Crescent Point Energy Corp. says it had a net income of $331.5 million in the second quarter, down from a $2.1 billion net income for the same quarter last year when earnings were boosted by a large reversal of a non-cash impairment.
CGI meets expectations with jump in earnings

CGI meets expectations with jump in earnings

MONTREAL — CGI Inc. is reporting a major earnings boost in its latest quarter, roughly in line with analyst expectations. The business technology and consulting firm says net earnings rose 7.6 per cent to $364.
A list of candidates vying to become United Conservative leader and Alberta premier

A list of candidates vying to become United Conservative leader and Alberta premier

MEDICINE HAT, ALBERTA, CANADA — Seven candidates vying to become the next United Conservative Party leader and Alberta premier are to tackle health, the economy and other key issues in their first debate in Medicine Hat, Alta., on Wednesday.
Rising food, rent costs eat into young professionals' disposable income

Rising food, rent costs eat into young professionals' disposable income

With inflation at a nearly 40-year high, Canadians are feeling the financial strain. In a six-part series this summer, The Canadian Press is speaking to people at different stages of life to see where they’re being hit the hardest.
No one wins U.S. Mega Millions, jackpot now over $1B

No one wins U.S. Mega Millions, jackpot now over $1B

DES MOINES, Iowa (AP) — A giant Mega Millions lottery jackpot ballooned to $1.02 billion after no one matched all six numbers Tuesday night and won the top prize. The new estimated jackpot will be the nation’s fourth-largest lottery prize.