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N.L. in financial crisis of its own making, time to rein in public spending: report

N.L. in financial crisis of its own making, time to rein in public spending: report

ST. JOHN'S, N.L. — Poor management and a culture of indifference toward debt have brought Newfoundland and Labrador to a financial breaking point, according to a long-awaited economic report released Thursday.

OpenText reports $91.5M profit in Q3, as company grows customer base

WATERLOO, Ont. — A slew of new customers and products delivered a 252 per cent increase in net income for OpenText Corp. in its latest quarter. The Waterloo, Ont.-based tech company says its net income for its third quarter amounted to US$91.
Paw Patrol movie, digital games put Spin Master on track for return to growth

Paw Patrol movie, digital games put Spin Master on track for return to growth

TORONTO — Spin Master executives said Thursday that the company behind "Paw Patrol" and several other globally successful toy and entertainment franchises aims to be a global leader in digital games for children.
Wealth management firms must better cater to young investors' social beliefs: study

Wealth management firms must better cater to young investors' social beliefs: study

Wealth management firms need to better cater to environment and social-minded investors to tap into a younger market that is about to boom, according to the market research company J.D. Power.

Woodfibre LNG says contract with BP Gas ties up 70% of proposed facility's capacity

CALGARY — The company proposing the Woodfibre LNG export project near Squamish, B.C., says it has struck a second sales contract with BP Gas Marketing Ltd. that allows it to account for over 70 per cent of future production from the plant.
Cineplex hopes for brighter summer blockbuster season as it reports quarterly loss

Cineplex hopes for brighter summer blockbuster season as it reports quarterly loss

TORONTO — The unofficial start of Hollywood's summer blockbuster movie season is fast approaching later this month, and while few Canadian movie theatres are open, the head of Cineplex Inc. is optimistic a return to business is in sight.
Canadian Natural reports $1.38B Q1 profit, plans to use cash flow to reduce debt

Canadian Natural reports $1.38B Q1 profit, plans to use cash flow to reduce debt

CALGARY — Higher oil and gas prices, record production and a restrained capital spending budget will result in bountiful free cash flow for Canadian Natural Resources Ltd. this year, the oilsands company said Thursday.
Central 1 housing analysis predicts slower market in 2022 but prices continue upward

Central 1 housing analysis predicts slower market in 2022 but prices continue upward

VANCOUVER — The latest analysis of British Columbia's housing market predicts yo-yo-like activity over the next 18 months as sales spin out this year and curl back in 2022.
Bombardier not ready to increase jet production despite clearing COVID turbulence

Bombardier not ready to increase jet production despite clearing COVID turbulence

MONTREAL — Bombardier Inc. isn't ready to increase business jet production despite believing it has passed through turbulence caused by the COVID-19 pandemic.
CMHC predicts COVID-19 immunity will moderate pace of home sales, prices by 2023

CMHC predicts COVID-19 immunity will moderate pace of home sales, prices by 2023

Canada Mortgage and Housing Corp. says the average home price could rise by as much as 14 per cent this year, but the pace of sales could moderate by the end of 2023 if broad immunity to COVID-19 is soon achieved.