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OpenText reports record first-quarter revenue, net loss on upcoming acquisition

OpenText reports record first-quarter revenue, net loss on upcoming acquisition

WATERLOO, ONTARIO — OpenText Corp. reported a net loss of US$116.9 million in its latest financial quarter, compared with net income of $131.9 million in the same quarter last year. The Waterloo, Ont.-based tech company, which reports in U.S.
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S&P/TSX composite slumps Thursday, U.S. stock markets down as well

S&P/TSX composite slumps Thursday, U.S. stock markets down as well

TORONTO — Canada's main stock index crept lower Thursday with mixed results across the indexes, buoyed by energy stocks, industrials and base metals, while U.S. stock markets were also down. The S&P/TSX composite index was down 35.
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Canadian Natural touts its economic contribution against backdrop of soaring profits

Canadian Natural touts its economic contribution against backdrop of soaring profits

CALGARY — Canadian Natural Resources Ltd.'s president Tim McKay added his voice Thursday to the chorus of oilsands executives who in recent days have been pushing back against critics by touting their industry's contributions to the overall economy.
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Montreal home sales hit level not seen since 2014: Quebec housing association

Montreal home sales hit level not seen since 2014: Quebec housing association

MONTREAL — The Quebec Professional Association of Real Estate Brokers says October home sales in Montreal dropped to a level not seen since 2014.
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Stocks end lower as the Fed continues to fight inflation

Stocks end lower as the Fed continues to fight inflation

NEW YORK — Stocks slipped on Wall Street and Treasury yields again rose to multiyear highs a day after the Federal Reserve indicated that its fight against inflation is far from over. The S&P 500 fell 1.1% Thursday.
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Spin Master lowers guidance as toy sales soften, consumers pull back on spending

Spin Master lowers guidance as toy sales soften, consumers pull back on spending

TORONTO — Toymaker Spin Master Corp.'s revenue and profit slipped in its latest quarter as price sensitive consumers pulled back on spending. The Toronto-based children's entertainment company says it earned US$141.
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Bombardier says it's prepared for unstable market ahead, reports US$27M Q3 profit

Bombardier says it's prepared for unstable market ahead, reports US$27M Q3 profit

MONTREAL — Bombardier Inc. says it is prepared for an unstable market ahead as the aircraft manufacturer reported a third-quarter profit compared with a loss a year earlier.
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Fertilizer giant Nutrien sticking to plan to boost production; potash sales slump

Fertilizer giant Nutrien sticking to plan to boost production; potash sales slump

CALGARY — Nutrien Ltd. is sticking to its plan to increase potash production, even as the Saskatoon-based fertilizer giant cut its full-year guidance for 2022 due to slumping potash sales volumes in the second half of this year.
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Twitter's blue check: Vital verification or status symbol?

Twitter's blue check: Vital verification or status symbol?

The story of Twitter's blue checkmarks — a simple verification system that's come to be viewed as an elite status symbol — began with some high-profile impersonations, just as the site began taking off in 2008 and '09.
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Hezbollah, Iranian oil smuggling network hit with sanctions

Hezbollah, Iranian oil smuggling network hit with sanctions

WASHINGTON (AP) — The U.S. on Thursday imposed sanctions on a group of individuals, firms and vessels connected to an oil smuggling outfit said to benefit the Lebanese militant group Hezbollah and Iran's Revolutionary Guard.
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