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Hydro One reports Q1 profit down from year ago, revenue higher

Hydro One reports Q1 profit down from year ago, revenue higher

TORONTO — Hydro One Ltd. reported its first-quarter profit fell compared with a year ago due higher operation, maintenance and administrative costs, offset in part by higher revenues.
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Magna International reports Q1 profit down from year ago, sales up 11%

Magna International reports Q1 profit down from year ago, sales up 11%

TORONTO — Magna International Inc. upgraded its outlook for its sales and profit for the year as it reported its first-quarter profit fell compared with a year ago and its sales rose 11 per cent. The auto parts company, which keeps its books in U.S.
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Pilots decry industry push for solo flying

Pilots decry industry push for solo flying

MONTREAL — Pilots are speaking out against an aviation industry push toward having a sole crew member in the cockpit.
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Air Canada boosts earnings outlook for 2023, citing strong demand and traffic

Air Canada boosts earnings outlook for 2023, citing strong demand and traffic

MONTREAL — Air Canada hiked its earnings outlook Thursday, saying it expects earnings to rise due to an improvement in traffic as well as stronger-than-anticipated demand and lower-than-expected fuel prices.
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OpenText sees revenues soar more than 40 per cent in third quarter, income dips

OpenText sees revenues soar more than 40 per cent in third quarter, income dips

WATERLOO — Open Text Corp. says its net income was US$57.6 million in the third quarter, down 22.9 per cent from US$74.7 million a year earlier. The Waterloo-based company, which reports in U.S. dollars, says revenues were US$1.24 billion, up 41.
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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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,238.19, down 116.49): Enbridge Inc. (TSX:ENB). Energy. Up 23 cents, or 0.43 per cent, to $53.18 on 10.8 million shares. Shopify Inc.
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Bell, Telus executives express confidence following closure of Rogers-Shaw merger

Bell, Telus executives express confidence following closure of Rogers-Shaw merger

Following Rogers Communications Inc.'s successful closing of the largest telecommunications deal in Canadian history last month, the company's two main rivals say they are well positioned to compete in the altered industry landscape.
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S&P/TSX composite loses more than 100 points, U.S. markets also down

S&P/TSX composite loses more than 100 points, U.S. markets also down

TORONTO — Canada's main stock index was down more than 100 points Thursday amid broad-based losses, while U.S. markets were also down as uncertainty continued to grip the regional banking sector south of the border. Turmoil in the U.S.
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Shopify to reduce workforce by 20% as it narrows focus to core e-commerce business

Shopify to reduce workforce by 20% as it narrows focus to core e-commerce business

TORONTO — Shopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business as it aims to reduce distracting "side quests" in the latest big change by the Canadian tech company.
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Loblaw strikes deal with TC Energy to power all Alberta operations with renewables

Loblaw strikes deal with TC Energy to power all Alberta operations with renewables

TORONTO — Loblaw Companies Ltd. says it has reached a deal with TC Energy that will see the grocer's operations in Alberta powered entirely by wind, sun and water.
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