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North American markets mixed on hot new U.S. employment data
It was a mixed day for North American markets Friday, as investors tried to understand what a surprisingly hot U.S. jobs report says about the overall economy as well as what it could mean for central bankers looking to put the brakes on inflation.
Aug 5, 2022 3:05 PM
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Telus' net income soars 45% in Q2 as it reports rise in mobile, internet customers
VANCOUVER — Telus Corp. said Friday that the reliability of its network helped it add a record number of customers in the second quarter as it recorded a 45 per cent climb in net income.
Aug 5, 2022 1:33 PM
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'What recession?': US employers add 528,000 jobs in July
WASHINGTON (AP) — U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good news heading into the midterm elections.
Aug 5, 2022 1:22 PM
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Héroux-Devtek reports lower Q1 profit amid supply chain issues
LONGUEUIL, Que. — Héroux-Devtek Inc. reported net income of $965,000 for its latest quarter, down from $6.7 million in the same period last year. The Longueuil, Que.
Aug 5, 2022 12:34 PM
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Two months of job losses a sign of shifting economy, economist suggests
OTTAWA — Canada's economy appears to be backing away from the rapid jobs growth seen earlier this year, with July marking the second-straight month of job losses, even as the unemployment rate held steady. The jobless rate stayed at 4.
Aug 5, 2022 11:58 AM
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Suncor must stop diagnosing and start executing workplace safety changes: Interim CEO
CALGARY — The new interim CEO of Suncor Energy Inc. says the oil and gas giant is ready to stop studying its workplace safety problem and start implementing solutions instead.
Aug 5, 2022 11:14 AM
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Power utility TransAlta reports $80 million loss in second quarter
CALGARY — TransAlta Corp. reported a loss of $80 million in its latest quarter compared with a loss of $12 million in the same quarter last year.
Aug 5, 2022 9:56 AM
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Canopy Growth sees $2B net loss as Ontario cannabis company takes large writedown
Canopy Growth Corp. executives argued the company is advancing toward profitability, even as it booked a $1.72 billion non-cash writedown that contributed to a net loss of more than $2 billion during its most recent quarter.
Aug 5, 2022 9:37 AM
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Here's a quick glance at unemployment rates for July, by Canadian city
OTTAWA — The national unemployment rate was 4.9 per cent in July. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
Aug 5, 2022 7:24 AM
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Here's a quick glance at unemployment rates for July, by province
OTTAWA — Canada's national unemployment rate was 4.9 per cent in July. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 10.2 per cent (9.9) _ Prince Edward Island 5.
Aug 5, 2022 7:23 AM
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