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Statistics Canada says manufacturing sales down 0.7% in December

Statistics Canada says manufacturing sales down 0.7% in December

OTTAWA — Statistics Canada says manufacturing sales fell in December, weighed down by production slowdowns for retooling at some auto assembly plants in Ontario. The agency says manufacturing sales fell 0.7 per cent to $71.
US applications for jobless benefits fall as labor market continues to show resilience

US applications for jobless benefits fall as labor market continues to show resilience

Fewer Americans filed for jobless claims last week as the labor market continues to show resilience in the face of elevated interest rates intended to cool economic growth in the U.S.
MTY Group reports Q4 profit more than doubled compared with year earlier

MTY Group reports Q4 profit more than doubled compared with year earlier

MONTREAL — MTY Food Group Inc. reported its fourth-quarter profit more than doubled compared with a year ago. The restaurant franchisor and operator says it earned $16.4 million or 67 cents per diluted share for the quarter ended Nov. 30, up from $7.
Great-West Lifeco sees fourth-quarter earnings rise to $740 million

Great-West Lifeco sees fourth-quarter earnings rise to $740 million

WINNIPEG — Great-West Lifeco Inc. says its fourth-quarter net earnings were $740 million, up from $452 million during the same quarter last year. Net earnings per common share were 79 cents, up from 48 cents for the quarter ended Dec. 31, 2023.
West Fraser Timber loses US$153 million in fourth quarter, sales soften

West Fraser Timber loses US$153 million in fourth quarter, sales soften

VANCOUVER — West Fraser Timber Co. Ltd. says it lost US$153 million in its fourth quarter, a steeper loss than US$94 million a year earlier. Sales for the quarter ended Dec. 31 were US$1.5 billion, down from US$1.6 billion.
Manulife Financial reports fourth-quarter earnings of $1.66 billion

Manulife Financial reports fourth-quarter earnings of $1.66 billion

TORONTO — Manulife Financial Corp. says it had a net income attributed to shareholders of $1.66 billion for the quarter ending Dec. 31, up 81 per cent from $915 million in the same quarter last year. The insurance giant reported core earnings of $1.
Date night strike: Thousands of US, UK delivery, ride-hailing drivers stop work on Valentine's Day

Date night strike: Thousands of US, UK delivery, ride-hailing drivers stop work on Valentine's Day

Thousands of ride-hailing and delivery workers in the U.S. and the U.K. went on strike on Valentine's Day, calling for higher pay and other changes to their working conditions. In the U.S.
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 Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,889.40, up 304.43 points): Enbridge Inc. (TSX:ENB). Energy. Down $1.23, or 2.65 per cent, to $45.14 on 16.8 million shares.
Fixed-price defence deals drag down CAE's profits — and share price

Fixed-price defence deals drag down CAE's profits — and share price

MONTREAL — Fixed-price defence contracts dragged down earnings at CAE Inc. as the flight simulator maker saw quarterly profits fall nearly 30 per cent year-over-year even while revenues rose.
S&P/TSX composite gains more than 300 points, U.S. markets also up

S&P/TSX composite gains more than 300 points, U.S. markets also up

TORONTO — Canada's main stock index gained more than 300 points or almost 1.5 per cent Wednesday on broad-based strength, while U.S. markets also rose to take back some of their losses from the previous day.