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Shopify posts Q2 loss of US$1.2 billion, a day after laying off 10% of staff

Shopify posts Q2 loss of US$1.2 billion, a day after laying off 10% of staff

Shopify Inc.'s president is arguing the company is in an "enviable" position, even as it continues to express regret over misjudging the growth of the e-commerce market — a move that forced a dramatic number of job cuts Tuesday.
Mining entrepreneur Lukas H. Lundin dies at 64

Mining entrepreneur Lukas H. Lundin dies at 64

TORONTO — Mining and energy entrepreneur Lukas H. Lundin, who worked with his family to start and build a string of successful resource companies, has died at 64 years old. Lundin Mining Corp.
Teck Resources posts record quarterly profit, CEO Don Lindsay stepping down

Teck Resources posts record quarterly profit, CEO Don Lindsay stepping down

VANCOUVER — The long-running chief executive of Teck Resources Ltd. is stepping down from the position on a high note as the mining company reports a fourth consecutive quarter of record profits.
Cargojet touts reliability amid airport chaos as shippers pivot from passenger planes

Cargojet touts reliability amid airport chaos as shippers pivot from passenger planes

Cargojet Inc. reported high-flying revenues in its latest quarter despite falling e-commerce demand, as the air cargo outfit seized on the mess of delays plaguing passenger airlines — which also carry freight on board — to shore up its business.
Senate passes bill to boost computer chip production in US

Senate passes bill to boost computer chip production in US

WASHINGTON (AP) — A bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate on Wednesday as lawmakers raced to finish work on a key priority of the Biden administration.
Non-food sales down at Loblaw as inflation-weary customers rein in spending

Non-food sales down at Loblaw as inflation-weary customers rein in spending

Loblaw Companies Ltd.'s sales growth is softening as inflation continues to grip the economy and shape consumer shopping habits, the company's president and chairman said Wednesday.
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.
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