Daily News

Economy loses 6,000 jobs, unemployment rate rises to 5.5% The labour market hit a speed bump in July with the unemployment rate rising and the economy unexpectedly shedding jobs, suggesting the Bank of Canada’s interest rate hikes are working t...

The slide in the world’s biggest bond market deepened and stocks fell ahead of the U.S. jobs report, which is expected to provide clues on the outlook for the Federal Reserve’s next steps. In late trading, Amazon.com Inc. climbed after a bullish revenue fo...

Following the latest set of earnings from Shopify Inc., experts are split regarding the stock’s ability to provide value for investors.  On Wednesday, the Ottawa-based e-commerce company released its second-quarter results, which included a net loss of US$...

Chris Blumas, portfolio manager, Raymond James Investment Counsel  FOCUS: North American large caps  MARKET OUTLOOK: One of the primary drivers of the global economy has been the ongoing recovery from the pandemic. Many developed countries have exp...

Amazon.com Inc. shares gained after it gave a sales outlook that topped estimates on a strong performance from its main e-commerce business and reported the slowest pace of spending in at least a decade. The company projected revenue in the current quarter...

Apple Inc. posted its third straight quarter of declining sales and predicted a similar performance in the current period, hurt by an industrywide slump that has sapped demand for phones, computers and tablets. After the company reported a revenue decline...

Nutrien Ltd. is indefinitely pausing its potash production ramp-up and suspending work on its Geismar clean ammonia project after a period of "unprecedented volatility" in fertilizer markets, said chief executive Ken Seitz on Thursday. Persistent uncertain...

Canada's main stock index was down almost 100 points despite strength in energy stocks, while U.S. markets also moved lower. The S&P/TSX Composite Index closed down 97.47 points, or 0.48 per cent, at 20,120.74. In New York, the Dow Jones Industrial Aver...

Shares of Shopify Inc. dropped as investor concerns about long-term growth outweighed the Canadian e-commerce platform’s outlook for the current quarter. Shopify said Wednesday that revenue in the current quarter will grow by 20 per cent or more. Even so,...

Open Text Corp. reported a net loss of US$48.7 million in its fourth quarter, down from earnings of US$102.2 million during the same quarter last year.  Revenues for the quarter ended June 30 were US$1.5 billion, up from US$902.5 million last year.  The...