Skip to content

National Business

Before agreeing to a seasonal layoff, know the risks, experts say

Before agreeing to a seasonal layoff, know the risks, experts say

Workers in industries that experience typical slow periods during the year might be faced with a seasonal layoff from their employer. But experts say workers should know the risks before signing up to be laid off temporarily.
Read more >
Thomson Reuters reports earnings of US$841 million in Q2

Thomson Reuters reports earnings of US$841 million in Q2

TORONTO — Thomson Reuters says its earnings slipped in the second quarter while revenue rose and it edged up its revenue outlook. The media giant says it had earnings of US$841 million in its second quarter, down from US$894 million last year.
Read more >
The number of Americans filing for jobless claims hits highest level in a year

The number of Americans filing for jobless claims hits highest level in a year

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains surprisingly healthy in an era of high interest rates.
Read more >
Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut since for over 4 years

Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut since for over 4 years

LONDON (AP) — The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in the economy have eased.
Read more >
Ontario developer coalition asks governments for tax breaks to pass on to homebuyers

Ontario developer coalition asks governments for tax breaks to pass on to homebuyers

TORONTO — A coalition of Ontario developers has written to three levels of government to ask for a reduction in taxes on new housing, saying it will pass on those savings dollar for dollar to homebuyers.
Read more >
Lion Electric announces 300 more layoffs, driving stock into the tank

Lion Electric announces 300 more layoffs, driving stock into the tank

MONTREAL — Lion Electric Co. says it is laying off hundreds more workers as part of a plan to staunch its financial losses. The announcement sent the electric bus company's shares into a tailspin, leaving them a penny stock by day's end.
Read more >
TMX Group earnings rise to $100 million in second quarter, revenues also higher

TMX Group earnings rise to $100 million in second quarter, revenues also higher

TORONTO — TMX Group Ltd. says it earned $100 million in the second quarter of 2024, up from $97.3 million during the same quarter last year. Revenue for the company that operates the Toronto Stock Exchange totalled $367.1 million, up from $306.
Read more >
NFI Group posts first quarterly profit in three years as revenue rises

NFI Group posts first quarterly profit in three years as revenue rises

WINNIPEG — NFI Group Inc. says it earned US$3 million in its second quarter, up from a net loss of US$48 million a year earlier. The Winnipeg-based company says its revenue for the quarter totalled US$851 million, up from US$660 million last year.
Read more >
Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

Boeing named an aerospace industry veteran with a background in mechanical engineering as its next chief executive Wednesday, looking to open a new chapter at a company rocked by legal, regulatory and production problems and mounting financial reperc
Read more >
Western Forest Products narrows loss in second quarter to $5.7 million

Western Forest Products narrows loss in second quarter to $5.7 million

VANCOUVER — Western Forest Products Inc. says it lost $5.7 million during the second quarter, compared with a loss of $20.7 million a year earlier. The Vancouver-based company says revenues were $309.
Read more >