Skip to content

National Business

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.
Unifor members elect Lana Payne as new president

Unifor members elect Lana Payne as new president

TORONTO — Unifor says Lana Payne has been elected as the new president of Canada's largest private sector union, the first woman to hold the position.
Metro faces ongoing worker shortage, higher overtime pay to keep grocery stores open

Metro faces ongoing worker shortage, higher overtime pay to keep grocery stores open

Workers at Metro Inc. are putting in overtime to keep stores open as the company grapples with an ongoing labour crunch, the Montreal-based grocery and drugstore retailer said Wednesday.
TC Energy Corp. completes public offering of common shares

TC Energy Corp. completes public offering of common shares

CALGARY — TC Energy Corp. says it has closed a $1.8-billion bought deal offering of common shares. The Calgary-based company says it will use the proceeds to fund costs associated with the construction of the Southeast Gateway Pipeline, a US$4.
Trump says he took the Fifth in NY civil investigation

Trump says he took the Fifth in NY civil investigation

NEW YORK (AP) — Donald Trump invoked his Fifth Amendment protection against self-incrimination as he testified under oath Wednesday in the New York attorney general's long-running civil investigation into his business dealings, the former president s
West Fraser cuts production, mill shifts in B.C. for loss of 147 jobs

West Fraser cuts production, mill shifts in B.C. for loss of 147 jobs

VANCOUVER — West Fraser Timber Co. Ltd. says it is cutting a shift at three B.C. mills for a loss of 147 jobs as it reduces production in part because of lack of timber supplies.
Centerra Gold Inc. reports second-quarter loss of US$2.6 million

Centerra Gold Inc. reports second-quarter loss of US$2.6 million

TORONTO — Centerra Gold Inc. reported a net loss of US$2.6 millionin its latest quarter, compared to a net loss of US$851.7 million in the same quarter last year. The Toronto-based company, which keeps its books in U.S.