National Business

AURORA, ONTARIO — Magna International Inc. says its second-quarter profit tumbled from a year ago to US$328 million. The Aurora, Ont.-based auto parts manufacturer, which keeps its books in U.S.

NEW YORK (AP) — Just a day after rallying on hopes that the Federal Reserve is about to cut interest rates , U.S.

WATERLOO, ONT. — Open Text Corp. says it earned US$248.2 million in its fourth quarter, up from a loss of US$48.7 million a year earlier. The Waterloo, Ont.-based company says revenues for the quarter totalled US$1.4 billion, down from US$1.

TORONTO — Canada's main stock index more than wiped out its gains from the day before on Thursday, declining 1.7 per cent with most major sectors down, while U.S. markets also fell. The S&P/TSX composite index closed down 387.60 points at 22,723.

CALGARY — The Calgary Real Estate Board says July home sales dropped 10 per cent year-over-year as 2,380 properties were sold.

MONTREAL — Quebec's labour tribunal has directed Amazon to stop interfering in union affairs, and to pay the union a total of $30,000 in moral and punitive damages.

TORONTO — Fines for more than 100 parking offences in Toronto increased on Thursday, an initiative the city says is aimed at reducing congestion and promoting safer roads.

CALGARY — Fuel retailer and convenience store operator Parkland Corp. lowered its earnings forecast for the year Thursday due to what it said are" ongoing weaknesses" in consumer demand that could continue through the end of 2024.

TORONTO — Ten people have been arrested and more than 100 charges were laid in connection with a wide-reaching SIM swap scam, Toronto police said Thursday.

Dax Dasilva's first full quarter back at the helm of Lightspeed Commerce Inc. coincided with the business narrowing its net loss and seeing its revenue climb.