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Intact earnings down 79 per cent after second quarter full of severe weather events

Intact earnings down 79 per cent after second quarter full of severe weather events

TORONTO — Intact Financial Corp. says its net income for the second quarter was $260 million, down 79 per cent from $1.2 billion last year. The insurance company says earnings per share were $1.30, down from $6.93.
Feds try to reclaim $347 million insurance payout to Suncor linked to Libya unrest

Feds try to reclaim $347 million insurance payout to Suncor linked to Libya unrest

The federal government is trying to reclaim nearly $350 million in insurance paid to Suncor Energy Inc. in the wake of political unrest in Libya.
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 Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,218.21, down 314.72): Suncor Energy Inc. (TSX:SU). Energy. Down 95 cents, or 2.31 per cent, to $40.25 on 11.0 million shares.
S&P/TSX composite down more than 300 points Wednesday, U.S. stocks also fall

S&P/TSX composite down more than 300 points Wednesday, U.S. stocks also fall

TORONTO — sa¹ú¼Ê´«Ã½'s main stock index fell more than 300 points Wednesday amid a broad-based decline, while U.S. markets also slid. Fitch Ratings cut the U.S.
Celebrity chef Gordon Ramsay bringing burger and steak outlets to sa¹ú¼Ê´«Ã½ casino, resort

Celebrity chef Gordon Ramsay bringing burger and steak outlets to sa¹ú¼Ê´«Ã½ casino, resort

Celebrity chef Gordon Ramsay is bringing his burger and steak outlets to a Vancouver casino and nearby resort.
Striking Metro workers say they face challenges affording the very food they sell

Striking Metro workers say they face challenges affording the very food they sell

TORONTO — Metro grocery store workers on strike in the Greater Toronto Area say they are fighting for their wages to keep up with the cost of living, as the rapid pace of food inflation in recent years has caused struggles in affording the same groce
Auto sales up 8% in July for ninth month of growth: DesRosiers

Auto sales up 8% in July for ninth month of growth: DesRosiers

RICHMOND HILL, Ont. — DesRosiers Automotive Consultants Inc. says auto sales growth continued in July but at a slower pace than recent months.
RioCan REIT Q2 net income rises by almost 43% from last year

RioCan REIT Q2 net income rises by almost 43% from last year

TORONTO — One of the Greater Toronto Area's most prominent landlords says it is keeping a close eye on spaces occupied by small businesses, whose owners it foresees being hardest hit by the high interest rate environment.
Amazon to open robotics-backed fulfilment centre in Southwold, Ont., will hire 1,000

Amazon to open robotics-backed fulfilment centre in Southwold, Ont., will hire 1,000

SOUTHWOLD, Ont. — Amazon sa¹ú¼Ê´«Ã½. says it will open a new robotics-backed fulfilment centre south of London, Ont. later this year. The e-commerce giant says the new fulfilment centre is expected to open in Southwold on Oct. 1.
Thomson Reuters turns second-quarter profit, reports revenue up from year ago

Thomson Reuters turns second-quarter profit, reports revenue up from year ago

TORONTO — Thomson Reuters Corp. says it earned a second-quarter profit of US$894 million as its revenue rose two per cent compared with a year ago. The company, which keeps its books in U.S. dollars, says the profit amounted to US$1.