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Manulife reports $1.6B drop in Q2 earnings on market impacts

Manulife reports $1.6B drop in Q2 earnings on market impacts

TORONTO — Manulife Financial Corp. says it saw a $1.6-billion drop in earnings in the second quarter compared with a year earlier as market turmoil hit its bottom line. The insurance giant says it had net income of $1.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,885.94, up 307.64 points.) Barrick Gold Corp. (TSX:ABX). Materials. Down six cents, or 0.28 per cent, to $21.10 on 14.
North American markets surge as new data shows inflation may have already peaked

North American markets surge as new data shows inflation may have already peaked

Canada's main stock index made triple-digit gains Wednesday while U.S. markets also surged on the release of new data suggesting U.S. inflation may have finally peaked. The latest Consumer Price Index report from the U.S.
Complaints backlog mounts as airline regulator faces staff shortage

Complaints backlog mounts as airline regulator faces staff shortage

MONTREAL — Canada's transport regulator says its backlog of air passenger complaints is growing as a staff shortage comes up against a summer of airport chaos — itself due in part to labour shortages.
OCS to resume cannabis deliveries after cyberattack on logistics partner

OCS to resume cannabis deliveries after cyberattack on logistics partner

TORONTO — The Ontario Cannabis Store says its distribution centre is resuming some service after a cyberattack on one of its logistics partners caused the provincial pot wholesaler to halt deliveries this week.
Linamar reports sales up on market share, pricing, while income dips to $105M

Linamar reports sales up on market share, pricing, while income dips to $105M

GUELPH, Ont. — Linamar Corp. says sales climbed in its last quarter on increased market share and higher pricing while profits saw a modest dip in part on higher input costs.
CAE Inc. lowers forecast as profits plunge, but backlog grows

CAE Inc. lowers forecast as profits plunge, but backlog grows

MONTREAL — CAE Inc. reined in its earnings forecast for the year after reporting a 96 per cent year-over-year profit decrease last quarter due to supply chain problems and writedowns on a pair of pricey defence projects.
Mining company says Nova Scotia approves bid to raise tailings dam at Gold mine

Mining company says Nova Scotia approves bid to raise tailings dam at Gold mine

HALIFAX — Nova Scotia’s Environment Department has approved an application from the owners of the Touquoy gold mine to raise the height of the wall of its existing tailings waste pond.
Lower prices offer Americans slight reprieve from inflation

Lower prices offer Americans slight reprieve from inflation

WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades . Consumer prices jumped 8.
Trans Mountain names Dawn Farrell new CEO and president

Trans Mountain names Dawn Farrell new CEO and president

CALGARY — Trans Mountain Corp. says Dawn Farrell will become its new president and chief executive next week. The pipeline operator says Farrell has more than 35 years of experience in the energy business, where she has held senior level positions.