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Bombardier CEO says business jets still in high demand, but stock price descends

Bombardier CEO says business jets still in high demand, but stock price descends

MONTREAL — Despite supply chain snarls, Bombardier boosted its second-quarter revenues amid ongoing demand for business jets as deliveries and aftermarket services ramped up, said CEO Éric Martel.
SNC-Lavalin plans to start snapping up companies as soon as next year: CEO

SNC-Lavalin plans to start snapping up companies as soon as next year: CEO

MONTREAL — Less than five years after it embarked on a program of streamlining, SNC-Lavalin Group Inc. aims to blaze a "methodical" trail of mergers and acquisitions starting as early as 2024, its CEO says.
Maple Leaf Foods reports $53.7M net loss in Q2 as company faces inflationary pressure

Maple Leaf Foods reports $53.7M net loss in Q2 as company faces inflationary pressure

Maple Leaf Foods Inc. said it lost $53.7 million in its most recent quarter as it grappled with inflation and other market headwinds.
Stock market today: Wall Street drifts lower as its big rally cools some more

Stock market today: Wall Street drifts lower as its big rally cools some more

NEW YORK (AP) — Stocks drifted to a lower close as Wall Street’s red-hot rally this year cooled a bit more. The S&P 500 slipped 0.3% Thursday, its third straight loss. The Dow fell 66 points, or 0.2%, and the Nasdaq composite lost 0.1%.
Systemic fair access violations found in Ontario auto insurance: regulator

Systemic fair access violations found in Ontario auto insurance: regulator

TORONTO — Ontario auto insurers have been involved in intentional, industry-wide violations of rules around fair access to coverage, the sector's regulator said Thursday.
Saskatchewan government-owned liquor stores post financial loss after closures

Saskatchewan government-owned liquor stores post financial loss after closures

REGINA — The Saskatchewan government has spent millions of dollars to shutter its remaining liquor stores, resulting in the retailers posting a financial loss this year.
US military may put armed troops on commercial ships in Strait of Hormuz to stop Iran seizures

US military may put armed troops on commercial ships in Strait of Hormuz to stop Iran seizures

DUBAI, United Arab Emirates (AP) — The U.S.
Saudi Arabia extends cut of 1 million barrels of oil a day, potentially boosting prices at the pump

Saudi Arabia extends cut of 1 million barrels of oil a day, potentially boosting prices at the pump

DUBAI, United Arab Emirates (AP) — Saudi Arabia said Thursday it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy prices, a move that could push U.S.
Bell says more cost restructuring possible as Q2 net earnings fall almost 40%

Bell says more cost restructuring possible as Q2 net earnings fall almost 40%

Following a quarter in which it began cutting 1,300 positions, shuttered six radio stations and closed two foreign news bureaus, BCE Inc. says more cost restructuring could be in store in response to declining ad revenue and regulatory hurdles.
Consumer and business insolvencies rising under weight of higher interest rates

Consumer and business insolvencies rising under weight of higher interest rates

The Office of the Superintendent of Bankruptcy says both consumer and business insolvencies rose significantly in the second quarter amid heightened interest rates.