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National Business
National Business
Laurentian Bank appoints three new members to its board of directors
MONTREAL — Laurentian Bank of Canada announced the appointment of three new members to its board of directors. Board chair Michael Boychuk says Johanne Brunet, Jamey Hubbs and Paul Stinis have joined the board, effective today.
Feb 7, 2024 9:19 AM
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Aircraft landing gear maker Héroux-Devtek reports Q3 profit and sales up
MONTREAL — Héroux-Devtek Inc. reported a third-quarter profit of $9.0 million, up from $1.8 million a year earlier as its sales rose 16 per cent.
Feb 7, 2024 8:30 AM
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Brookfield Asset Management Ltd. reports US$95M Q4 profit, raises dividend
TORONTO — Brookfield Asset Management Ltd. raised its dividend as it reported a profit of US$95 million in its latest quarter from its stake in the asset management business it owns with Brookfield Corp.
Feb 7, 2024 8:28 AM
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NTSB says bolts on Boeing jetliner were missing before a panel blew out in midflight last month
Bolts that helped secure a panel to the frame of a Boeing 737 Max 9 were missing before the panel blew off the Alaska Airlines plane last month, according to accident investigators.
Feb 6, 2024 7:40 PM
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Bluesky, a social network championed by Jack Dorsey, opens for anyone to sign up
Bluesky, a Twitter-like social network championed by Twitter co-founder Jack Dorsey, has emerged from its cocoon and is now allowing anyone to create an account and join the service.
Feb 6, 2024 6:27 PM
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Meta says it will label AI-generated images on Facebook and Instagram
Facebook and Instagram users will start seeing labels on AI-generated images that appear on their social media feeds, part of a broader tech industry initiative to sort between what’s real and not.
Feb 6, 2024 6:26 PM
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Athabasca, Cenovus close creation of new Duvernay Energy Corp. joint venture
CALGARY — Athabasca Oil Corp. and Cenovus Energy Inc. have closed a previously announced deal creating a new joint venture stand-alone company called Duvernay Energy Corp.
Feb 6, 2024 6:08 PM
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Algoma Steel reports net loss of $84.8 million in third quarter, revenues rise
SAULT STE. MARIE, Ont. — Algoma Steel Group Inc. reported a net loss of $84.8 million in its third quarter, compared with a net loss of $69.8 million a year earlier. The Sault Ste. Marie, Ont.-based company says revenue totalled $615.
Feb 6, 2024 5:49 PM
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Backstop on insurance needed from catastrophe risk: OSFI head
TORONTO — It's important to develop a backstop for the insurance industry against major catastrophes like an earthquake, said the head of Canada's financial institutions regulator Tuesday.
Feb 6, 2024 5:06 PM
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Business funding on climate action needs to "rise exponentially": RBC report
TORONTO — Business funding for climate action needs to "rise exponentially" for Canada to be on track for net zero emissions by 2050, said a report out Tuesday from RBC.
Feb 6, 2024 4:55 PM
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