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National Business
Thomson Reuters plans to acquire SurePrep in US$500 million deal
TORONTO — Thomson Reuters Corporation says it has signed a deal to acquire U.S. company SurePrep, LLC, in a transaction worth US$500 million.
Nov 11, 2022 10:54 AM
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Algonquin Power & Utilities reports Q3 loss, cuts guidance for full year
OAKVILLE, Ont. — Algonquin Power & Utilities Corp. reported a $195.2-million loss in its latest quarter and cut its financial guidance for the year. The power utility, which keeps its books in U.S.
Nov 11, 2022 8:30 AM
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Hydro One reports $307M third-quarter profit, up from $300M a year ago
TORONTO — Hydro One Ltd. reported a third-quarter profit of $307 million, up from $300 million in the same quarter last year. The power utility says the profit amounted to 51 cents per diluted share for the quarter ended Sept. 30.
Nov 11, 2022 8:29 AM
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Asian stocks surge after lower US inflation eases rate fears
BEIJING (AP) — Asian stock markets surged Friday after U.S. inflation eased by more than expected, spurring hopes the Federal Reserve might scale down plans for more interest rate hikes. Hong Kong's market benchmark jumped 5.4%.
Nov 10, 2022 11:01 PM
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HarperCollins union begins strike, citing wages, diversity
NEW YORK (AP) — Some 250 copy editors, marketing assistants and other employees at HarperCollins Publishers went on strike Thursday, with the two sides differing over wages and benefits, diversity policy and union protection.
Nov 10, 2022 7:56 PM
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Ontario Teachers' Pension Plan invested US$95M into failing crypto platform FTX
The Ontario Teachers' Pension Plan says it invested US$95 million into failing cryptocurrency exchange platform FTX Trading.
Nov 10, 2022 6:23 PM
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Aurora Cannabis CEO says company on track for profitability as it posts Q1 net loss
Aurora Cannabis Inc.'s chief executive insisted his company was on track to meet its profitability target even as it recorded a $51.9 million net loss and saw consumer pot net revenue fall 28 per cent from a year ago.
Nov 10, 2022 6:11 PM
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Saputo earnings up 48 per cent in second quarter, revenues rise 21 per cent
MONTREAL — Saputo Inc. saw its net earnings rise by 48 per centin its fiscal 2023 second quarter ended Sept. 30.
Nov 10, 2022 6:06 PM
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Competition Bureau investigating Canadian Gas Association claims after complaint
CALGARY — The federal Competition Bureau is investigating the Canadian Gas Association to determine if it made misleading statements about the environmental impact of natural gas.
Nov 10, 2022 5:46 PM
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Former workers of Aveos win their battle against Air Canada
OTTAWA — Air Canada violated federal law by not keeping its maintenance centres in Montreal, Winnipeg and Mississauga operational during the collapse of Aveos a decade ago, the Quebec Superior Court ruled Thursday in favour of thousands of former wor
Nov 10, 2022 5:27 PM
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