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Brookfield Asset Management Ltd. reports US$95M Q4 profit, raises dividend

Brookfield Asset Management Ltd. reports US$95M Q4 profit, raises dividend

TORONTO — Brookfield Asset Management Ltd. raised its dividend as it reported a profit of US$95 million in its latest quarter from its stake in the asset management business it owns with Brookfield Corp.
NTSB says bolts on Boeing jetliner were missing before a panel blew out in midflight last month

NTSB says bolts on Boeing jetliner were missing before a panel blew out in midflight last month

Bolts that helped secure a panel to the frame of a Boeing 737 Max 9 were missing before the panel blew off the Alaska Airlines plane last month, according to accident investigators.
Bluesky, a social network championed by Jack Dorsey, opens for anyone to sign up

Bluesky, a social network championed by Jack Dorsey, opens for anyone to sign up

Bluesky, a Twitter-like social network championed by Twitter co-founder Jack Dorsey, has emerged from its cocoon and is now allowing anyone to create an account and join the service.
Meta says it will label AI-generated images on Facebook and Instagram

Meta says it will label AI-generated images on Facebook and Instagram

Facebook and Instagram users will start seeing labels on AI-generated images that appear on their social media feeds, part of a broader tech industry initiative to sort between what’s real and not.
Athabasca, Cenovus close creation of new Duvernay Energy Corp. joint venture

Athabasca, Cenovus close creation of new Duvernay Energy Corp. joint venture

CALGARY — Athabasca Oil Corp. and Cenovus Energy Inc. have closed a previously announced deal creating a new joint venture stand-alone company called Duvernay Energy Corp.
Algoma Steel reports net loss of $84.8 million in third quarter, revenues rise

Algoma Steel reports net loss of $84.8 million in third quarter, revenues rise

SAULT STE. MARIE, Ont. — Algoma Steel Group Inc. reported a net loss of $84.8 million in its third quarter, compared with a net loss of $69.8 million a year earlier. The Sault Ste. Marie, Ont.-based company says revenue totalled $615.
Backstop on insurance needed from catastrophe risk: OSFI head

Backstop on insurance needed from catastrophe risk: OSFI head

TORONTO — It's important to develop a backstop for the insurance industry against major catastrophes like an earthquake, said the head of sa¹ú¼Ê´«Ã½'s financial institutions regulator Tuesday.
Business funding on climate action needs to "rise exponentially": RBC report

Business funding on climate action needs to "rise exponentially": RBC report

TORONTO — Business funding for climate action needs to "rise exponentially" for sa¹ú¼Ê´«Ã½ to be on track for net zero emissions by 2050, said a report out Tuesday from RBC.
Precision Drilling's North American activity slows on weak natural gas prices

Precision Drilling's North American activity slows on weak natural gas prices

CALGARY — Low natural gas prices significantly reduced North American drilling activity toward the end of 2023, but sa¹ú¼Ê´«Ã½'s largest drilling rig contracting company remains confident the industry will ramp up later this year.
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 Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,957.74, up 85.85 points): Manulife Financial Corp. (TSX:MFC). Finance. Up 43 cents, or 1.45 per cent, to $30.01 on 7.