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National Business
National Business
Aecon reports $123.9 million loss in second quarter, revenue down
TORONTO — Aecon Group Inc. says it lost $123.9 million in the second quarter, down from a profit of $28.2 million a year earlier. The Toronto-based company says revenue totalled $853.8 million, down from $1.
Jul 24, 2024 5:54 PM
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West Fraser second-quarter profits rise from loss last year, sales also up
VANCOUVER — West Fraser Timber Co. says it earned US$105 million in the second quarter, up from a loss of US$131 million a year earlier. The Vancouver-based company says it saw sales of US$1.7 billion, up from US$1.
Jul 24, 2024 5:22 PM
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B.C. First Nation gets $147M from Ottawa for lost water rights 131 years ago
ESK'ET, BRITISH COLUMBIA — The federal government has reached a $147-million settlement with a First Nation in British Columbia over a dispute about water rights that dates back to the late 1800s.
Jul 24, 2024 5:16 PM
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Banks lower prime rates in line with Bank of Canada rate cut
Canadian financial institutions say they are lowering their prime lending rates to match the decrease announced by the Bank of Canada. The central bank lowered its key interest rate by a quarter percentage point Wednesday to 4.5 per cent.
Jul 24, 2024 4:33 PM
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CrowdStrike blames bug for letting bad data slip through, leading to global tech outage
NEW YORK (AP) — CrowdStrike is blaming a bug in an update that allowed its cybersecurity systems to push bad data out to millions of customer computers, setting off last week's global tech outage that grounded flights, took TV broadcasts off air and
Jul 24, 2024 4:31 PM
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Stock market today: A wipeout on Wall Street sends the S&P 500 down by 2% as Big Tech skids
NEW YORK (AP) — A wipeout on Wall Street sent U.S. stock indexes to their worst day since 2022 as Big Tech dragged the market lower following profit reports from Tesla and Alphabet. The S&P 500 slumped 2.
Jul 24, 2024 4:07 PM
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'One year faster': Province providing up to $73M to accelerate Gardiner repairs
TORONTO — Ontario will provide up to $73 million to help speed up repairs on a busy Toronto highway, so long as work on the Gardiner Expressway can be done around the clock.
Jul 24, 2024 3:46 PM
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Privacy commissioner probing customers' claims they can't delete PC Optimum accounts
The Office of the Privacy Commissioner of Canada has opened an investigation into allegations that some Loblaw customers have been unable to delete their PC Optimum accounts.
Jul 24, 2024 3:08 PM
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Competition Bureau investigating retail gasoline consultancy Kalibrate
GATINEAU, Que. — The federal Competition Bureau says it has launched an investigation into retail gasoline consultancy Kalibrate to see whether the services it offers are negatively affecting competition between gas stations in Canada.
Jul 24, 2024 2:19 PM
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Teck Resources achieves record copper output as QB mine project continues to ramp up
With the sale of its coal business now firmly in the rear-view mirror, Canadian miner Teck Resources Ltd. marked its transition to a pure-play metals company by achieving record copper production in its second quarter.
Jul 24, 2024 2:17 PM
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