Onex Q1 profit falls to US$129M from US$168M
Onex Corporation reported first-quarter profit of US$129 million, down from US$168 million a year earlier, driven by lower investment gains.
Category : Corporate News
TSMC Plans to Sell 152 Million Shares in Vanguard
Taiwan Semiconductor Manufacturing Co. (TSMC) announces sale of 152 million shares in Vanguard International Semiconductor Corp., as part of a strategic move to raise capital and streamline its investment portfolio.
Calgary Man Wins $1M Lotto Max Without Checking Ticket
Calgary resident German Herandez-Villarrul won $1 million in a February Lotto Max draw, discovering his prize before even checking his ticket.
Brookfield Corp. to merge with insurance arm, Q1 profit up
Brookfield Corp. announces a merger with its insurance business and reports a rise in Q1 profit. The deal aims to streamline operations and boost shareholder value.
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Brookfield Merges Insurance Unit in Overhaul to Become Insurer
Brookfield Corp. merges with its insurance unit to simplify structure and unlock $145 billion in capital, as CEO Bruce Flatt pushes transformation into an investment-led insurer.
Keyera posts $122M Q1 loss, revenue down year-over-year
Keyera Corp. reported a $122 million net loss in the first quarter of 2026, with revenue dropping to $1.38 billion from $1.69 billion a year earlier, driven by lower margins and production issues.
Manulife Q1 earnings surge to $1.1B, up from $485M
Manulife Financial reports $1.1 billion in first-quarter earnings, more than doubling from $485 million a year ago, driven by strong insurance and wealth management performance.
Calgary man in Ryan Wedding case loses bail review
A Calgary man charged in connection with former Olympic snowboarder Ryan Wedding's alleged drug trafficking has lost his bail review bid.
B.C. Realtor Gets 18 Months for Drug Trafficking for Profit
A British Columbia realtor was sentenced to 18 months in jail for trafficking drugs solely for financial gain, as ruled by a Kelowna court.
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US Limoncello Maker Faces $70,000 Tariff Threat
America's largest limoncello producer, Fabrizia Spirits, faces a potential $70,000 tariff bill due to trade tensions, putting the company on edge.
Hooters Files for Bankruptcy, Vows to Continue Operations
Hooters files for Chapter 11 bankruptcy but assures customers it will not close. The brand plans to restructure and keep operating.
Cronos CEO: Short-Seller Left's Report Didn't Make 'Sense'
Cronos Group CEO Mike Gorenstein testified that Andrew Left's short report was confusing and inaccurate, highlighting the trial's focus on short selling practices.
Ottawa Seeks Defence Industry Input on Tank Replacements
The Canadian government has requested options from the defence industry to replace its aging Leopard 2 tank fleet, aiming to modernize military capabilities.
JPMorgan Revamps Investment Bank Leadership in Overhaul
JPMorgan Chase reorganizes its investment bank leadership as part of a wider overhaul, aiming to streamline operations and boost performance amid changing market conditions.
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Rogue Italian Police Sold Celebrity Info to Investigators
An investigation reveals that rogue Italian police officers sold celebrities' personal data to private investigators, raising concerns about privacy and corruption.
Wall Street Mixed; Tech Rebounds, Oil Steadies, Trump in China
Wall Street showed mixed premarket trading with tech rebounding, oil prices steadying, and Trump arriving in China for talks with Xi Jinping amid trade and AI discussions.
Algoma Steel Reports $159.4M Q1 Loss, Widening from $24.5M
Algoma Steel Inc. reported a first-quarter loss of $159.4 million, significantly larger than the $24.5 million loss in the same period last year.
Hydro One Q1 Profit and Revenue Rise Year-Over-Year
Hydro One announced increased first-quarter profit and revenue compared to the same period last year, driven by higher electricity demand and rate adjustments.
JPMorgan Scandal: Allegations Not Facts, Social Media Not a Jury
The JPMorgan scandal highlights the danger of treating allegations as facts and social media as a jury. Employers must investigate fairly, not react to public pressure.
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Vancouver, Toronto Vie for NATO Defence Bank
Vancouver and Toronto are competing to host the NATO Defence Bank, a new financial institution aimed at bolstering alliance security. The decision could bring economic benefits and strategic importance.
Warsh Confirmed to Fed Board, Chair Vote This Week
The US Senate confirmed Kevin Warsh to the Federal Reserve Board in a 51-45 vote, with a separate vote on his chairmanship expected Wednesday. Democrats oppose him over independence concerns.
Ford to Lead 2026 Unifor Contract Negotiations
Ford Motor Co. has been chosen to lead contract negotiations with Unifor in 2026. The announcement comes amid ongoing labor discussions and investments in Michigan facilities.
BMO to Sell Transportation and Vendor Financing Businesses
BMO announces agreement to sell its transportation and vendor financing businesses, focusing on core operations. The deal is part of strategic portfolio review.
George Weston Q1 profit up to $106M from $83M
George Weston Ltd. reported a first-quarter profit of $106 million, up from $83 million a year earlier, driven by strong performance in its bakery and grocery businesses.
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TMX pipeline government ownership may extend further
Officials say there is no rush to sell Trans Mountain, citing energy security and profitability. The pipeline could remain under government ownership long-term, possibly with Indigenous partnerships.
Unifor Names Ford First Target in Auto Bargaining
Unifor has selected Ford as the initial focus in auto industry contract negotiations, setting the stage for talks that will shape labor deals across the sector.
Denny's Opens First St. Albert Restaurant at Jensen Lakes
Denny's Canada opens its first St. Albert location at Jensen Lakes Crossing, bringing the Modern Diner experience to the community with a fresh menu and welcoming atmosphere.
S&P/TSX composite up over 100 points, U.S. markets climb
Canada's main stock index rose more than 100 points on Monday, with U.S. markets also gaining ground, driven by energy and tech sector strength.
Fox Beats Third-Quarter Revenue Estimates
Fox Corp reported higher-than-expected third-quarter revenue, driven by strong political advertising and streaming growth, sending shares up in after-hours trading.
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eXp World Holdings Q1 2026 Revenue Hits $1.0B
eXp World Holdings announced Q1 2026 financial results with revenue of $1.0 billion, a 5% increase year-over-year, and Adjusted EBITDA of $4.1 million, up 88%.
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