Skip to content

National Business

CGI sees profits surge by more than a third amid new IT and consulting bookings

CGI sees profits surge by more than a third amid new IT and consulting bookings

MONTREAL — CGI Inc. said new bookings were the driving force behind a 37 per cent profit increase last quarter, as continued need for IT services in the COVID-19 pandemic boosted revenue.
US budget deficit eases to $165B in October, down 42%

US budget deficit eases to $165B in October, down 42%

The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic.
Leon's Furniture Ltd. reports $63.8M-million Q3 profit, record revenue

Leon's Furniture Ltd. reports $63.8M-million Q3 profit, record revenue

TORONTO — Leon's Furniture Ltd. says it earned a record $63.8 million in its latest quarter, up from $49.1 million a year earlier, as revenue also set a record high.
Oilpatch drilling activity to rise in 2022, new PSAC forecast suggests

Oilpatch drilling activity to rise in 2022, new PSAC forecast suggests

CALGARY — Drilling activity in the Canadian oilpatch will return to pre-pandemic levels in 2022, according to a new industry forecast.
'A different league:' Tim Hortons teams up with superstar Justin Bieber

'A different league:' Tim Hortons teams up with superstar Justin Bieber

Tim Hortons has teamed up with pop superstar Justin Bieber to launch three new Timbit flavours — called Timbiebs — along with co-branded merchandise.
Canadian Natural Resources to acquire Storm Resources for $6.28 per share

Canadian Natural Resources to acquire Storm Resources for $6.28 per share

CALGARY — Canadian Natural Resources Ltd. (CNRL) says it has reached a deal to acquire Calgary-based oil and gas explorer Storm Resources Ltd. for $6.28 per share, a price that pegs Storm's enterprise value at $960 million.
RioCan REIT net income hit $137.6M in Q3 as businesses reopened following lockdowns

RioCan REIT net income hit $137.6M in Q3 as businesses reopened following lockdowns

TORONTO — Lifting COVID-19 restrictions helped one of Canada's most prominent commercial landlords collect more rent in its most recent quarter than at any other point during the pandemic.
GM restarts truck production at Oshawa assembly plant

GM restarts truck production at Oshawa assembly plant

OSHAWA, Ont. — General Motors has restarted vehicle production at its Oshawa Assembly Plant after shutting operations down at the end of 2019.
CI Financial buying U.S. high-net worth investment manager Gofen and Glossberg

CI Financial buying U.S. high-net worth investment manager Gofen and Glossberg

TORONTO — CI Financial Corp. has signed a deal to buy Gofen and Glossberg LLC, a U.S. wealth and investment management firm focused on high-net-worth families. Financial terms of the deal were not immediately available.
Learning language as adult not always harder, but you have to want to learn: experts

Learning language as adult not always harder, but you have to want to learn: experts

Learning a new language as an adult isn't necessarily more difficult than picking it up as a child, some linguistics and phonetics experts say. But it takes a bit more work, they add, and more desire and motivation to learn it.
push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks