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Canadian venture capital funding bounces back in Q2 but first half lags behind 2022

Canadian venture capital funding bounces back in Q2 but first half lags behind 2022

TORONTO — CPE Analytics says Canadian venture capital funding rose in the second quarter following a pullback in the first three months of 2023, but funding levels for the first half of the year are still well off what they were for the first six mon
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B.C. port strike cost CPKC railway $80 million, exec says

B.C. port strike cost CPKC railway $80 million, exec says

The B.C. port workers' strike deprived Canadian Pacific Kansas City Ltd. of scores of millions of dollars, its chief marketing officer said, tacking on a costly coda to a tough quarter.
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TC Energy splitting into two companies by spinning off liquids business

TC Energy splitting into two companies by spinning off liquids business

CALGARY — TC Energy Corp. has announced plans to split into two separate companies by spinning off its crude oil pipelines business.
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TC Energy reports lower profit, higher revenues in Q2 as it announces split

TC Energy reports lower profit, higher revenues in Q2 as it announces split

CALGARY — TC Energy Corp. reported its second-quarter profit tumbled compared with a year ago as it announced it's splitting the company into two.
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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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,385.47, down 176.17): Cenovus Energy Inc. (TSX:CVE). Energy. Up 65 cents, or 2.73 per cent, to $24.46 on 9.1 million shares.
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US economy unexpectedly accelerated to a 2.4% growth rate in April-June quarter despite Fed hikes

US economy unexpectedly accelerated to a 2.4% growth rate in April-June quarter despite Fed hikes

WASHINGTON (AP) — The U.S. economy surprisingly accelerated to a 2.
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Weekly US applications for jobless benefits slide to lowest level in 5 months

Weekly US applications for jobless benefits slide to lowest level in 5 months

The number of Americans applying for jobless benefits slid last week to its lowest level in five months, further evidence that the U.S. labor market continues to defy the Federal Reserve's attempts to cool it off. U.S.
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S&P/TSX composite down Thursday on broad-based weakness, U.S. markets also lower

S&P/TSX composite down Thursday on broad-based weakness, U.S. markets also lower

TORONTO — Canada's main stock index was down almost 200 points Thursday amid broad-based weakness led by telecom and utilities stocks, while U.S. markets also moved lower.
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Aecon stocks plunge as legacy projects drag down earnings, despite swing to profit

Aecon stocks plunge as legacy projects drag down earnings, despite swing to profit

Aecon Group Inc. saw its stock value nosedive Thursday after quarterly earnings showed legacy construction projects continue to drag down earnings, despite a swing to profit. The share price of the construction contractor fell by $2.
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Stock market today: Wall Street's rally runs out of gas

Stock market today: Wall Street's rally runs out of gas

NEW YORK (AP) — Wall Street closed lower, its big rally losing momentum despite fatter-than-expected profit reports from big companies and the latest signals of a resilient economy. The S&P 500 fell 0.
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