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Rogers to spend $150 million on customer credits after July 8 outage

Rogers to spend $150 million on customer credits after July 8 outage

TORONTO — Rogers Communications Inc. acknowledged Wednesday it has work to do in building customer trust after its massive network outage earlier this month and that it expects to spend $150 million on customer credits related to the outage.
Precision Drilling reports $25M net loss in Q2, revenue up 62%

Precision Drilling reports $25M net loss in Q2, revenue up 62%

CALGARY — Precision Drilling Corp. says it had a net loss of $24.6 million for the second quarter, down from a net loss of $75.9 million in the same quarter last year. The net loss for the quarter ending June 30 worked out to $1.
Crescent Point reports adjusted earnings jump on higher oil prices

Crescent Point reports adjusted earnings jump on higher oil prices

CALGARY — Crescent Point Energy Corp. says it had a net income of $331.5 million in the second quarter, down from a $2.1 billion net income for the same quarter last year when earnings were boosted by a large reversal of a non-cash impairment.
CGI meets expectations with jump in earnings

CGI meets expectations with jump in earnings

MONTREAL — CGI Inc. is reporting a major earnings boost in its latest quarter, roughly in line with analyst expectations. The business technology and consulting firm says net earnings rose 7.6 per cent to $364.
A list of candidates vying to become United Conservative leader and Alberta premier

A list of candidates vying to become United Conservative leader and Alberta premier

MEDICINE HAT, ALBERTA, CANADA — Seven candidates vying to become the next United Conservative Party leader and Alberta premier are to tackle health, the economy and other key issues in their first debate in Medicine Hat, Alta., on Wednesday.
Rising food, rent costs eat into young professionals' disposable income

Rising food, rent costs eat into young professionals' disposable income

With inflation at a nearly 40-year high, Canadians are feeling the financial strain. In a six-part series this summer, The Canadian Press is speaking to people at different stages of life to see where they’re being hit the hardest.
No one wins U.S. Mega Millions, jackpot now over $1B

No one wins U.S. Mega Millions, jackpot now over $1B

DES MOINES, Iowa (AP) — A giant Mega Millions lottery jackpot ballooned to $1.02 billion after no one matched all six numbers Tuesday night and won the top prize. The new estimated jackpot will be the nation’s fourth-largest lottery prize.
CN Rail hits record second-quarter revenues, waves off recession worries

CN Rail hits record second-quarter revenues, waves off recession worries

MONTREAL — Despite recession hurdles on the horizon, Canadian National Railway Co.
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 Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,972.68, down 131.80 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Down five cents, or 2.23 per cent, to $2.19 on 10.
Shopify drop weighs on S&P/TSX composite on down day for North American markets

Shopify drop weighs on S&P/TSX composite on down day for North American markets

TORONTO — North American markets ended the trading day in the red, with a double-digit decline in Shopify Inc. weighing on the technology sector of Canada's main stock exchange and U.S.