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National Business

Bank of England holds off more stimulus, sees slow recovery

LONDON — The Bank of England left its benchmark interest rate at a record low of 0.1% on Thursday as it expressed caution about how rapidly the United Kingdom's economy will recover from the COVID-19 pandemic.
WSP Global issues new guidance, reports 'solid' Q2 profit, revenue

WSP Global issues new guidance, reports 'solid' Q2 profit, revenue

MONTREAL — WSP Global Inc. is restating 2020 guidance withdrawn as the COVID-19 pandemic set in earlier this year as it reports a "solid" financial performance in the second quarter. The engineering firm says it had net earnings of $88.
Court reverses order to shut down Dakota Access pipeline

Court reverses order to shut down Dakota Access pipeline

BISMARCK, N.D. — A federal appeals court on Wednesday reversed a judge’s order that shut down the Dakota Access pipeline pending a full environmental review. The U.S.

Manulife financial reports lower second quarter net income of$727 million

TORONTO — Manulife Financial Corp. is reporting second-quarter net income attributable to shareholders of $727 million — just under half of the $1.

Spin Master takes $14.5 million Q2 loss as Hatchimals, Paw Patrol sales slip

TORONTO — Spin Master Corp. says it lost money in the second quarter as strong demand for outdoor play equipment, plushies and puzzles failed to offset declines in sales of Hatchimals and some Paw Patrol-branded merchandise.

TSX closes higher as energy, loonie strengthen and gold reaches another record

TORONTO — Canada's main stock index closed in positive territory on Wednesday as oil prices and the loonie strengthened and gold reached another all-time high. In Toronto, gains were widespread as the S&P/TSX composite index rose by 133.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,501.61, up 133.58 points.) Enbridge Inc. (TSX:ENB). Energy. Down 30 cents, or 0.68 per cent, to $43.65 on 8.43 million shares.
Great-West Lifeco net earnings rise to $863 million amid sale of subsidiary

Great-West Lifeco net earnings rise to $863 million amid sale of subsidiary

Great-West Lifeco Inc. nearly doubled its second-quarter earnings from last year as it benefited from investments in digital technology and a market rebound from COVID-19.

Porn, rap interrupt Zoom hearing of Twitter hacking suspect

TAMPA, Fla. — The online bond hearing for a Florida teen accused of hacking prominent Twitter accounts was interrupted Wednesday by rap music and pornographic videos from users who apparently disguised their names.
Facebook launches its new TikTok clone, Instagram Reels

Facebook launches its new TikTok clone, Instagram Reels

Facebook's Instagram is officially launching its answer to the hit short video app TikTok — Instagram Reels. The new Instagram feature will let users record and edit 15-second videos with audio, and will let users add visual effects.