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Open Text Corp. reports net loss in fourth quarter, launches AI strategy

Open Text Corp. reports net loss in fourth quarter, launches AI strategy

Open Text Corp. reported a net loss of US$48.7 million in its fourth quarter, down from earnings of US$102.2 million during the same quarter last year. Revenues for the quarter ended June 30 were US$1.5 billion, up from US$902.5 million last year.
Quebec, Airbnb deadlocked on illegal rentals as Montreal begins its own crackdown

Quebec, Airbnb deadlocked on illegal rentals as Montreal begins its own crackdown

MONTREAL — The Quebec government and short-term rental platforms, such as Airbnb, are at odds over how to identify illegal listings as the deadline approaches for the companies to comply with provincial law.
Nutrien announces strategic actions to cut costs amid economic headwinds

Nutrien announces strategic actions to cut costs amid economic headwinds

SASKATOON — Nutrien Ltd. is indefinitely pausing its potash production ramp-up and suspending work on its Geismar clean ammonia project after a period of "unprecedented volatility" in fertilizer markets, said chief executive Ken Seitz on Thursday.
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 (20,120.74, down 97.47): Suncor Energy Inc. (TSX:SU). Energy. Up 25 cents, or 0.62 per cent, to $40.50 on 8.3 million shares.
S&P/TSX composite down almost 100 points Thursday, U.S. markets also decline

S&P/TSX composite down almost 100 points Thursday, U.S. markets also decline

TORONTO — Canada's main stock index closed down almost 100 points Thursday despite strength in energy stocks, while U.S. markets also moved lower a day after rating agency Fitch downgraded the U.S. government’s credit rating from AAA to AA+.
Bombardier CEO says business jets still in high demand, but stock price descends

Bombardier CEO says business jets still in high demand, but stock price descends

MONTREAL — Despite supply chain snarls, Bombardier boosted its second-quarter revenues amid ongoing demand for business jets as deliveries and aftermarket services ramped up, said CEO Éric Martel.
SNC-Lavalin plans to start snapping up companies as soon as next year: CEO

SNC-Lavalin plans to start snapping up companies as soon as next year: CEO

MONTREAL — Less than five years after it embarked on a program of streamlining, SNC-Lavalin Group Inc. aims to blaze a "methodical" trail of mergers and acquisitions starting as early as 2024, its CEO says.
Maple Leaf Foods reports $53.7M net loss in Q2 as company faces inflationary pressure

Maple Leaf Foods reports $53.7M net loss in Q2 as company faces inflationary pressure

Maple Leaf Foods Inc. said it lost $53.7 million in its most recent quarter as it grappled with inflation and other market headwinds.
Stock market today: Wall Street drifts lower as its big rally cools some more

Stock market today: Wall Street drifts lower as its big rally cools some more

NEW YORK (AP) — Stocks drifted to a lower close as Wall Street’s red-hot rally this year cooled a bit more. The S&P 500 slipped 0.3% Thursday, its third straight loss. The Dow fell 66 points, or 0.2%, and the Nasdaq composite lost 0.1%.
Systemic fair access violations found in Ontario auto insurance: regulator

Systemic fair access violations found in Ontario auto insurance: regulator

TORONTO — Ontario auto insurers have been involved in intentional, industry-wide violations of rules around fair access to coverage, the sector's regulator said Thursday.
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