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S&P/TSX composite plunges Friday as U.S. markets nosedive over jobs, tech woes

S&P/TSX composite plunges Friday as U.S. markets nosedive over jobs, tech woes

Shockwaves on Wall Street unleashed by jobs data out of the U.S. sent strong tremors north of the border Friday, as Canada’s main stock index shook over fears of a weakening U.S. economy and tech sector. The S&P/TSX composite index plunged 495.
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Telus contends with tough competition, Telus International challenges in Q2

Telus contends with tough competition, Telus International challenges in Q2

Telus Corp. posted an increase in net new customers in its second quarter, but fierce competition among cell service providers took a toll on its average revenue per user.
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US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

WASHINGTON (AP) — The U.S. economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight month with raised interest rates taking a toll on businesses and households.
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Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street

Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street

NEW YORK (AP) — Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation . The S&P 500 sank 1.8% for its first back-to-back losses of at least 1% since April.
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Alberta court certifies class action alleging Uber workers are employees

Alberta court certifies class action alleging Uber workers are employees

CALGARY — A pair of law firms say an Alberta court has certified a class action alleging Uber Technologies Inc. has so much control over drivers and couriers in the province that it constitutes employment.
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Imperial Oil remains confident in renewable diesel project; construction progresses

Imperial Oil remains confident in renewable diesel project; construction progresses

CALGARY — Imperial Oil Ltd. provided an update on what will be Canada's largest renewable diesel facility, saying construction of the complex near Edmonton is going well and should be completed sometime next spring.
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Enbridge makes progress on utility purchases; raises earnings forecast

Enbridge makes progress on utility purchases; raises earnings forecast

CALGARY — Enbridge Inc. has raised its earnings forecast for the year in light of the successful completion of two previously announced purchases of U.S. gas utilities.
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July auto sales bounce back after software outage: DesRosiers

July auto sales bounce back after software outage: DesRosiers

TORONTO — DesRosiers Automotive Consultants says July sales bounced back after a flat performance a month earlier when dealerships were dealing with a major software outage.
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Vancouver's July home sales slid 5% from last year, listings up 20%

Vancouver's July home sales slid 5% from last year, listings up 20%

VANCOUVER — Greater Vancouver Realtors says last month's home sales in the region dropped five per cent from a year ago, even as the number of new listings jumped 20 per cent.
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Alberta renewable energy pause has left legacy of cancelled development: study

Alberta renewable energy pause has left legacy of cancelled development: study

EDMONTON — Alberta's seven-month moratorium on renewable power approvals has left a legacy of dozens of cancelled projects and legal uncertainty, says an analysis done on the one-year anniversary of the move.
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