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Spin Master reports US$24.5 million loss in second quarter, says CFO to retire

Spin Master reports US$24.5 million loss in second quarter, says CFO to retire

TORONTO — Spin Master Corp. says it lost US$24.5 million in its second quarter, down from a profit of US$28 million a year earlier. Revenues for the toy and entertainment company totalled US$412 million, down from US$420.
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Intact Financial reports sharp profit rise to $758 million in Q2 as rates increase

Intact Financial reports sharp profit rise to $758 million in Q2 as rates increase

TORONTO — Intact Financial Corp. says its profits rose in the second quarter as past catastrophe losses are helping drive insurance premium growth.
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Precision Drilling earns $20.7 million in second quarter

Precision Drilling earns $20.7 million in second quarter

CALGARY — Precision Drilling Corp. says its earnings for the second quarter declined 23 per cent year-over-year to $20.7 million, down from $26.9 million. Revenue for the quarter was $429.2 million, up from $425.
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TC Energy signs deal to sell minority stake in pipeline to Indigenous groups

TC Energy signs deal to sell minority stake in pipeline to Indigenous groups

CALGARY — TC Energy Corp. is selling a minority stake in its Western Canadian natural gas transmission network to a consortium of Indigenous communities for $1 billion.
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S&P/TSX composite up, U.S. markets mixed as tech losses weigh on Wall St.

S&P/TSX composite up, U.S. markets mixed as tech losses weigh on Wall St.

TORONTO — Strength in financials and utilities helped Canada's main stock index stay afloat Tuesday as U.S. markets were mixed, weighed down by losses in the tech sector. The S&P/TSX composite index was up 45.10 points at 22,824.67.
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Terrell Davis says United banned him after flight incident. Airline says it was already rescinded

Terrell Davis says United banned him after flight incident. Airline says it was already rescinded

DENVER (AP) — Pro Football Hall of Famer Terrell Davis posted an email from United Airlines Tuesday that said he was banned from flying the airline until a review of an incident earlier this month was complete.
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Meta agrees to $1.4B settlement with Texas in privacy lawsuit over facial recognition

Meta agrees to $1.4B settlement with Texas in privacy lawsuit over facial recognition

AUSTIN, Texas (AP) — Meta has agreed to a $1.4 billion settlement with Texas in a privacy lawsuit over allegations that the tech giant used biometric data of users without their permission, officials said Tuesday.
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Ottawa announces more than $192 million for Nova Scotia clean energy projects

Ottawa announces more than $192 million for Nova Scotia clean energy projects

HALIFAX — Six clean electrical energy projects in Nova Scotia are receiving more than $192 million in federal funding as the province pushes to get off coal by 2030.
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Senate passes bill to protect kids online and make tech companies accountable for harmful content

Senate passes bill to protect kids online and make tech companies accountable for harmful content

WASHINGTON (AP) — The Senate overwhelmingly passed legislation Tuesday that is designed to protect children from dangerous online content , pushing forward with what would be the first major effort by Congress in decades to hold tech companies more a
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U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market

U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market

WASHINGTON (AP) — U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face of high interest rates . There were 8.18 million job vacancies in June, down from 8.
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