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MDA reports $9.3M Q3 profit, revenue up nearly 20% from year ago

MDA reports $9.3M Q3 profit, revenue up nearly 20% from year ago

BRAMPTON, Ont. — MDA Ltd. reported net income of $9.3 million in its latest quarter, down from $17.9 million a year earlier, as its revenue rose nearly 20 per cent.
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South Korea's Posco Holdings eyes investment in Alberta lithium fields

South Korea's Posco Holdings eyes investment in Alberta lithium fields

CALGARY — South Korean company Posco Holdings is considering investing in the exploration, development and commercialization of lithium in Alberta.
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Industry minister won't say whether new military planes will be a sole-source deal

Industry minister won't say whether new military planes will be a sole-source deal

Industry Minister François-Philippe Champagne won't say whether the process to replace a fleet of aging military patrol planes will be an open-source bid, as the heads of Canada's two biggest provinces and Bombardier Inc.
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Intact Financial Corp. earns $163 million in third quarter

Intact Financial Corp. earns $163 million in third quarter

TORONTO — Intact Financial Corp. says it earned $163 million in the third quarter, less than half its earnings a year ago when it brought in $375 million. The company says earnings worked out to 83 cents per share, down from $2.
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Indigo reports lower sales, net loss in second quarter as customers cut back

Indigo reports lower sales, net loss in second quarter as customers cut back

TORONTO — Indigo Books & Music Inc. reported a net loss of $22.4 million in its second quarter, compared with a net loss of $15.9 million a year earlier. Revenue for the Toronto-based retailer totalled $206.9 million, down from $236.
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Tech community pleased with Alberta move to change rules around 'engineer' title

Tech community pleased with Alberta move to change rules around 'engineer' title

Canada's tech community is applauding a proposal by the Alberta government that would allow more workers to use the "software engineer" title.
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WeWork seeks bankruptcy protection in stunning fall for a company once valued close to $50 billion

WeWork seeks bankruptcy protection in stunning fall for a company once valued close to $50 billion

NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall for the office-sharing company that once promised to upend the way people went to work around the world.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,575.59, down 168.35 points): Crescent Point Energy Corp. (TSX:CPG). Energy. Down $1.08, or 9.87 per cent, to $9.86 on 14.
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Energy stocks drag TSX down as oil falls below US$80, while U.S. markets rise

Energy stocks drag TSX down as oil falls below US$80, while U.S. markets rise

TORONTO — Losses in the energy sector dragged Canada's main stock index down Tuesday, while U.S. markets rose, led by gains on the Nasdaq. The S&P/TSX composite index closed down 168.35 points at 19,575.59.
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Telecoms must up network investments to meet growing demand for mobile data: report

Telecoms must up network investments to meet growing demand for mobile data: report

TORONTO — While Canada’s largest telecom company is set to slash spending on its fibre network expansion, industry stakeholders say phone carriers will need to boost their network investments amid forecasts that data consumption could double by 2027.
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