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Auto parts maker Magna International sees Q2 net income hit US$328 million

Auto parts maker Magna International sees Q2 net income hit US$328 million

AURORA, ONTARIO — Magna International Inc. says its second-quarter profit tumbled from a year ago to US$328 million. The Aurora, Ont.-based auto parts manufacturer, which keeps its books in U.S.
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Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points

Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points

NEW YORK (AP) — Just a day after rallying on hopes that the Federal Reserve is about to cut interest rates , U.S.
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Open Text Corp. earns US$248.2 million in fourth quarter

Open Text Corp. earns US$248.2 million in fourth quarter

WATERLOO, ONT. — Open Text Corp. says it earned US$248.2 million in its fourth quarter, up from a loss of US$48.7 million a year earlier. The Waterloo, Ont.-based company says revenues for the quarter totalled US$1.4 billion, down from US$1.
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S&P/TSX composite drops almost 400 points Thursday, U.S. markets also fall

S&P/TSX composite drops almost 400 points Thursday, U.S. markets also fall

TORONTO — Canada's main stock index more than wiped out its gains from the day before on Thursday, declining 1.7 per cent with most major sectors down, while U.S. markets also fell. The S&P/TSX composite index closed down 387.60 points at 22,723.
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Calgary home sales decline 10% in July from last year, prices rise: board

Calgary home sales decline 10% in July from last year, prices rise: board

CALGARY — The Calgary Real Estate Board says July home sales dropped 10 per cent year-over-year as 2,380 properties were sold.
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Quebec labour tribunal orders Amazon to stop interfering with union affairs

Quebec labour tribunal orders Amazon to stop interfering with union affairs

MONTREAL — Quebec's labour tribunal has directed Amazon to stop interfering in union affairs, and to pay the union a total of $30,000 in moral and punitive damages.
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Toronto raises fines for more than 100 parking violations to reduce congestion

Toronto raises fines for more than 100 parking violations to reduce congestion

TORONTO — Fines for more than 100 parking offences in Toronto increased on Thursday, an initiative the city says is aimed at reducing congestion and promoting safer roads.
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Fuel retailer Parkland Corp. lowers 2024 earnings forecast as consumer demand falls

Fuel retailer Parkland Corp. lowers 2024 earnings forecast as consumer demand falls

CALGARY — Fuel retailer and convenience store operator Parkland Corp. lowered its earnings forecast for the year Thursday due to what it said are" ongoing weaknesses" in consumer demand that could continue through the end of 2024.
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Ten people arrested, more than 100 charges laid in SIM swap scam: Toronto police

Ten people arrested, more than 100 charges laid in SIM swap scam: Toronto police

TORONTO — Ten people have been arrested and more than 100 charges were laid in connection with a wide-reaching SIM swap scam, Toronto police said Thursday.
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Lightspeed Commerce sees net loss shrink in founder's first full quarter back as CEO

Lightspeed Commerce sees net loss shrink in founder's first full quarter back as CEO

Dax Dasilva's first full quarter back at the helm of Lightspeed Commerce Inc. coincided with the business narrowing its net loss and seeing its revenue climb.
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