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RioCan posts Q3 net income of $3.2 million, down 98 per cent from 2021

RioCan posts Q3 net income of $3.2 million, down 98 per cent from 2021

TORONTO — RioCan Real Estate Investment Trust reported net income in the third quarter of $3.2 million, down from $137.6 million the year before, attributing the drop to a net fair value loss on investment properties.
Fall budget update promises tax credits for clean electricity and hydrogen production

Fall budget update promises tax credits for clean electricity and hydrogen production

OTTAWA — Finance Minister Chrystia Freeland’s fall economic update creates two new federal tax credits for clean technology and low-emitting hydrogen production, with the caveat that companies that pay fair wages and train apprentices will get a bigg
Five things you need to know about the Liberals’ fall economic update

Five things you need to know about the Liberals’ fall economic update

OTTAWA — The federal Liberals unveiled their fall economic update Thursday — a 92-page mini-budget setting out sa¹ú¼Ê´«Ã½â€™s fiscal situation and outlining new policies to tackle cost-of-living woes.
Fairfax records net loss of $75 million in Q3, while revenues rise

Fairfax records net loss of $75 million in Q3, while revenues rise

TORONTO — Fairfax Financial Holdings Ltd. says it recorded a net loss of US$75.1 million in the third quarter, down from earnings of $462.4 million in the third quarter of last year. The Toronto-based holding company, which reports in U.S.
Forced sale of strategic mineral interests important step to boost security: experts

Forced sale of strategic mineral interests important step to boost security: experts

TORONTO — The move by the federal government to force Chinese companies to sell their investments in three critical mineral companies is being called a meaningful and necessary escalation of sa¹ú¼Ê´«Ã½'s defensive posturing on strategic assets.
Lowe's to sell Canadian business, including RONA stores, to private equity firm

Lowe's to sell Canadian business, including RONA stores, to private equity firm

MOORESVILLE, N.C. — Lowe's Companies, Inc. is selling its Canadian retail business to New York-based private equity firm Sycamore Partners for US$400 million plus a performance-based deferred consideration.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,241.22, down 35.79 points): Barrick Gold Corp. (TSX:ABX). Materials. Down $1.62, or 8.27 per cent, to $17.98 on 19.1 million shares.
OpenText reports record first-quarter revenue, net loss on upcoming acquisition

OpenText reports record first-quarter revenue, net loss on upcoming acquisition

WATERLOO, ONTARIO — OpenText Corp. reported a net loss of US$116.9 million in its latest financial quarter, compared with net income of $131.9 million in the same quarter last year. The Waterloo, Ont.-based tech company, which reports in U.S.
Fiscal Update 2022: Ottawa to permanently eliminate student loan interest

Fiscal Update 2022: Ottawa to permanently eliminate student loan interest

Ottawa plans to make permanent its pandemic-era pause on student loan interest in an effort to reduce some of the current financial pressures on young Canadians as the cost of living rises.
S&P/TSX composite slumps Thursday, U.S. stock markets down as well

S&P/TSX composite slumps Thursday, U.S. stock markets down as well

TORONTO — sa¹ú¼Ê´«Ã½'s main stock index crept lower Thursday with mixed results across the indexes, buoyed by energy stocks, industrials and base metals, while U.S. stock markets were also down. The S&P/TSX composite index was down 35.