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North American stock markets close lower
TORONTO — Canada's main stock index lost ground in the final day of trading in July as some commodities dropped, but North American stock markets in general finished the month with positive numbers.
Jul 30, 2021 3:57 PM
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Stock end lower but still mark 6th straight monthly gain
NEW YORK (AP) — Stocks ended lower on Wall Street, giving up their gains for the week. The S&P 500 still managed to end July higher, marking six monthly gains in a row, the longest such streak since 2018. The benchmark index fell 0.
Jul 30, 2021 2:14 PM
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Surging lumber prices boost Canfor Q2 profits and revenues to record highs
VANCOUVER — Canfor Corp. is reporting a large year-over-year increase in net income in its latest quarter as surging lumber prices helped its revenues to more than double to a record high. The Vancouver-based company says it earned a record $726.
Jul 30, 2021 12:47 PM
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Imperial Oil earns $366 million; Kearl oilsands site sets 25-year production record
CALGARY — Imperial Oil Ltd. says it earned $366 million in the second quarter and boosted production to its highest level in 25 years for the same period.
Jul 30, 2021 12:22 PM
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Lower COVID-19 losses helps to boost Fairfax Financial's second-quarter profits
TORONTO — Fairfax Financial Holdings Ltd. says its net profit nearly tripled in its latest quarter partly due to lower COVID-19 losses. The Toronto-based insurance company, which reports in U.S. dollars, says it earned US$1.2 billion or US$43.
Jul 30, 2021 12:21 PM
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Unifor reaches tentative deal with Bombardier but strike continues with De Havilland
TORONTO — Unifor has reached a tentative agreement with Bombardier Aviation at its Downsview plant in north Toronto.
Jul 30, 2021 12:15 PM
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Justice says IRS must give Trump tax returns to Congress
WASHINGTON (AP) — The Justice Department, in a reversal, says the Treasury Department must provide the House Ways and Means Committee former President Donald Trump’s tax returns, apparently ending a long legal showdown over the records.
Jul 30, 2021 12:03 PM
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Tim Hortons' sales climb but coffee chain faces labour pressure, higher costs
Canada's top coffee and doughnut chain posted a strong rebound in sales in its latest quarter but rising commodity prices and high demand for restaurant workers threaten to dampen growth as the economy reopens from COVID-19 lockdowns.
Jul 30, 2021 11:19 AM
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CP urges Kansas City Southern shareholders to oppose CN takeover next month
CALGARY — Canadian Pacific Railway Ltd. is urging Kansas City Southern shareholders to vote against the proposed merger with Canadian National Railway Co. because of the regulatory uncertainty of its rival's US$33.6-billion bid.
Jul 30, 2021 11:13 AM
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'Burdensome' regulations hampering access, cost of spectrum: Telus CEO
VANCOUVER — The chief executive of Telus Corp. says the Canadian telecommunications market and the launch of 5G technology is being hampered by regulations and expensive spectrum auctions.
Jul 30, 2021 10:54 AM
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