News

TORONTO — Canada’s main stock index was up more than 300 points in late-morning trading, powered by a broad-based rally on the Toronto market, while U.S. stocks also surged higher. The S&P/TSX composite index was up 313.16 points at 22,194.11. In New York, the Dow Jones industrial average was up 579.04 points at 39,342.49. The […]

TORONTO — CIBC is adding TC Energy Corp. chief executive François Poirier to its board of directors. The major Canadian bank says Poirier will join its board effective Sept. 1. CIBC board chair Kate Stevenson says Poirier brings deep strategic expertise across key sectors in the North American economy. Before taking the top job at […]

TORONTO — The head of Canadian Tire Corp. Ltd. says indebted shoppers are cutting back on spending even more — and he doesn’t see that trend turning around quickly. Greg Hicks, president and chief executive of the housewares and sporting goods retailer, says consumers have “tightened their belts considerably” as the high cost of living […]

OTTAWA — Canada’s top court has closed the door on Jordan Peterson’s legal fight against an order that he enter a remedial coaching program. The author and University of Toronto professor has not had an active clinical practice since 2017 but remains a member of the College of Psychologists of Ontario. In 2022, the professional […]

TORONTO — Restaurant Brands International Inc. reported its second-quarter profit and revenue rose compared with a year ago. The parent company of Tim Hortons and other restaurants, which keeps its books in U.S. dollars, says its net income totalled US$399 million or 88 cents US per diluted share in its latest quarter. The result was […]

TORONTO (AP) — TORONTO (AP) — Cronos Group Inc. (CRON) on Thursday reported a loss of $8.8 million in its second quarter. On a per-share basis, the Toronto-based company said it had a loss of 2 cents. Earnings, adjusted for asset impairment costs and restructuring costs, were less than 1 cent on a per-share basis. […]

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. reported a loss of $26.2 million in its latest quarter compared with a loss of $53.7 million a year earlier. The company says the loss amounted to 21 cents per diluted share for the quarter ended June 30 compared with a loss of 44 cents per diluted share […]

TORONTO — Canadian Tire Corp. Ltd. reported its second-quarter profit rose compared with a year ago as its revenue edged lower. The retailer says it earned a profit attributable to shareholders of $198.8 million or $3.56 per diluted share for the quarter ended June 29, up from $99.4 million or $1.76 per diluted share a […]

BRAMPTON, Ont. — MDA Space Ltd. reported $11.0 million in net income for its latest quarter compared with $9.9 million in the same quarter last year. The space technology company says the profit amounted to nine cents per diluted share for the quarter ended June 30 compared with eight cents per diluted share a year […]

OTTAWA — Most Canadians are not exactly outraged by the punishment meted out to the Canadian women’s soccer team over its Olympic drone spying scandal, according to the results of a new poll released Thursday. Seventy per cent of the respondents to a Leger poll on the Paris Olympic Games said they were either very […]