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OpenText sees revenues soar more than 40 per cent in third quarter, income dips

OpenText sees revenues soar more than 40 per cent in third quarter, income dips

WATERLOO — Open Text Corp. says its net income was US$57.6 million in the third quarter, down 22.9 per cent from US$74.7 million a year earlier. The Waterloo-based company, which reports in U.S. dollars, says revenues were US$1.24 billion, up 41.
'Hissy fit' fallout: trade minister speaks with U.S. envoy over tax-credit comment

'Hissy fit' fallout: trade minister speaks with U.S. envoy over tax-credit comment

WASHINGTON — International Trade Minister Mary Ng exchanged words with the U.S. envoy to Ottawa on Thursday after he accused sa¹ú¼Ê´«Ã½ of having a "hissy fit" over President Joe Biden's original plan to encourage the sale of electric vehicles.
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 (20,238.19, down 116.49): Enbridge Inc. (TSX:ENB). Energy. Up 23 cents, or 0.43 per cent, to $53.18 on 10.8 million shares. Shopify Inc.
Bell, Telus executives express confidence following closure of Rogers-Shaw merger

Bell, Telus executives express confidence following closure of Rogers-Shaw merger

Following Rogers Communications Inc.'s successful closing of the largest telecommunications deal in Canadian history last month, the company's two main rivals say they are well positioned to compete in the altered industry landscape.
S&P/TSX composite loses more than 100 points, U.S. markets also down

S&P/TSX composite loses more than 100 points, U.S. markets also down

TORONTO — sa¹ú¼Ê´«Ã½'s main stock index was down more than 100 points Thursday amid broad-based losses, while U.S. markets were also down as uncertainty continued to grip the regional banking sector south of the border. Turmoil in the U.S.
Shopify to reduce workforce by 20% as it narrows focus to core e-commerce business

Shopify to reduce workforce by 20% as it narrows focus to core e-commerce business

TORONTO — Shopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business as it aims to reduce distracting "side quests" in the latest big change by the Canadian tech company.
Loblaw strikes deal with TC Energy to power all Alberta operations with renewables

Loblaw strikes deal with TC Energy to power all Alberta operations with renewables

TORONTO — Loblaw Companies Ltd. says it has reached a deal with TC Energy that will see the grocer's operations in Alberta powered entirely by wind, sun and water.
Canadian Natural Resources reports Q1 profit down as oil prices slide

Canadian Natural Resources reports Q1 profit down as oil prices slide

CALGARY — Canadian Natural Resources Ltd. saw its profits in the first quarter decline 41 per cent year-over-year as oil prices weakened.
Stock market today: Wall Street sinks as bank fears flare

Stock market today: Wall Street sinks as bank fears flare

NEW YORK (AP) — Stocks closed lower as Wall Street’s worries about the U.S. banking system cranked even higher. The S&P 500 lost 0.7% Thursday. The Dow Jones Industrial Average fell 286 points and is now down for the year.
BoC can address banking system stress, even as it fights inflation: Macklem

BoC can address banking system stress, even as it fights inflation: Macklem

TORONTO — The Bank of sa¹ú¼Ê´«Ã½ has shifted its messaging in recent months from the need to get inflation under control to bringing it back down to the two per cent target.