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Gas and power utility Fortis reports $370M Q4 profit, up from $328M a year earlier

Gas and power utility Fortis reports $370M Q4 profit, up from $328M a year earlier

ST. JOHN'S, N.L. — Fortis Inc. reported a fourth-quarter profit of $370 million, up from $328 million a year earlier. The gas and power utility says the profit for the quarter amounted to 77 cents per diluted share for the quarter ended Dec.
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UK economy stagnates during final three months of 2022

UK economy stagnates during final three months of 2022

LONDON (AP) — The British economy stagnated in the final three months of last year as the country struggled under the weight of a cost-of-living crisis that is squeezing household budgets, crimping business investment and fueling labor unrest .
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Ukraine's Zelenskyy makes emotional appeal for EU membership

Ukraine's Zelenskyy makes emotional appeal for EU membership

BRUSSELS (AP) — President Volodymyr Zelenskyy asked his Western allies Thursday for more weapons and said “a Ukraine that is winning” its war with Russia should become a member of the European Union, arguing the bloc won’t be complete without it.
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Aurora Cannabis records $67.2 million net loss in second quarter

Aurora Cannabis records $67.2 million net loss in second quarter

Aurora Cannabis Inc. announced Thursday that it has completed a transformation plan delivering $340 million in annualized savings since February 2020, but said it still incurred a $67.2 million net loss in its most recent quarter.
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Indigo latest target in string of cyberattacks on Canadian businesses

Indigo latest target in string of cyberattacks on Canadian businesses

A cybersecurity incident that knocked Indigo Books & Music Inc.'s website and electronic payment systems offline is the latest in a string of cyberattacks experts say are increasingly targeting Canadian businesses.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,597.75, down 81.79): Suncor Energy Inc. (TSX:SU). Energy. Down 22 cents, or 0.5 per cent, to $44.46 on 10.3 million shares.
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S&P/TSX composite reverses early gains to end lower, U.S. stock markets also down

S&P/TSX composite reverses early gains to end lower, U.S. stock markets also down

TORONTO — Falling commodity prices and mixed corporate earnings helped push down Canada's main stock index Thursday, while U.S. stock markets also fell.
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Saputo Inc. sees earnings double in third quarter amid higher prices

Saputo Inc. sees earnings double in third quarter amid higher prices

MONTREAL — Saputo Inc. says its earnings for the latest quarter were $179 million, more than double its $86 million a year earlier as the company says it expects its earnings for the full fiscal year to make a meaningful recovery.
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Scotiabank says royalty credits for well cleanup would damage industry's reputation

Scotiabank says royalty credits for well cleanup would damage industry's reputation

CALGARY — Scotiabank is warning that the Alberta government's plan to give oil companies a royalty credit for cleaning up their old wells could damage the reputation of Canada's oil and gas industry.
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Cannabis company Canopy Growth to lay off 800, close and consolidate some facilities

Cannabis company Canopy Growth to lay off 800, close and consolidate some facilities

Canopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close a former Hershey chocolate plant it tookover and consolidate some of its cultivation operations. The Smiths Falls, Ont.
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