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Enbridge sees $1.8 billion profit in Q2 as Mainline pipeline settlement reached

Enbridge sees $1.8 billion profit in Q2 as Mainline pipeline settlement reached

CALGARY — Enbridge Inc. says its most recent quarter delivered a profit of $1.8 billion as it reached a settlement with shippers for tolls on its Mainline pipeline system and moved toward proceeding with its Rio Bravo pipeline project.
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Power utility TransAlta reports $62 million profit in Q2

Power utility TransAlta reports $62 million profit in Q2

CALGARY — TransAlta Corp. reported a profit of $62 million in its latest quarter compared with a loss of $80 million in the same quarter last year.
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Magna reports $339 million in net income in Q2 as sales hit $11 billion

Magna reports $339 million in net income in Q2 as sales hit $11 billion

Magna International Inc. says it recorded a net income of US$339 million in its latest quarter. The auto parts manufacturer, which keeps its books in U.S.
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Montreal home sales on pace with last July, above historical average: QPAREB

Montreal home sales on pace with last July, above historical average: QPAREB

MONTREAL — The Quebec Professional Association of Real Estate Brokers says July's Montreal home sales were little changed from a year ago but remained above the historical average for this time of year.
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These companies have laid off Canadian workers in 2023

These companies have laid off Canadian workers in 2023

A wave of layoffs in 2022, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.
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Here's a quick glance at unemployment rates for July, by province

Here's a quick glance at unemployment rates for July, by province

OTTAWA — Canada's national unemployment rate was 5.5 per cent in July. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 8.7 per cent (8.8) _ Prince Edward Island 8.
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Here's a quick glance at unemployment rates for July, by Canadian city

Here's a quick glance at unemployment rates for July, by Canadian city

OTTAWA — The national unemployment rate was 5.5 per cent in July. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
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National employment numbers for July from Statistics Canada, at a glance

National employment numbers for July from Statistics Canada, at a glance

OTTAWA — A quick look at Canada's July employment (numbers from the previous month in brackets): Unemployment rate: 5.5 per cent (5.4) Employment rate: 62.0 per cent (62.2) Participation rate: 65.6 per cent (65.7)
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Wildfire impact on B.C. tourism varies by region, proximity and visibility of flames

Wildfire impact on B.C. tourism varies by region, proximity and visibility of flames

VANCOUVER — British Columbia's record wildfire season has affected travel bookings in some areas, but other regions have seen continued tourism demand despite their proximity to active blazes.
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Open Text Corp. reports net loss in fourth quarter, launches AI strategy

Open Text Corp. reports net loss in fourth quarter, launches AI strategy

Open Text Corp. reported a net loss of US$48.7 million in its fourth quarter, down from earnings of US$102.2 million during the same quarter last year. Revenues for the quarter ended June 30 were US$1.5 billion, up from US$902.5 million last year.
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