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Linamar Corp. earns $104.4 million in fourth quarter as sales rise to $2.5 billion

Linamar Corp. earns $104.4 million in fourth quarter as sales rise to $2.5 billion

GUELPH, Ont. — Linamar Corp. says it earned $104.4 million in the fourth quarter of 2023, up from $92.2 million a year earlier. The Guelph, Ont.-based manufacturing company says sales were $2.5 billion, up from $2.
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Owner of N.B. chip factory destroyed by fire says he hopes to rebuild soon

Owner of N.B. chip factory destroyed by fire says he hopes to rebuild soon

FREDERICTON — When Ryan Albright got a text Friday evening telling him that the Covered Bridge Potato Chips factory in Waterville, N.B., was on fire, he didn't believe it at first.
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The Latest | South Africa says UN court should order Israel to let more aid into Gaza

The Latest | South Africa says UN court should order Israel to let more aid into Gaza

South Africa has gone back to the United Nations’ top court seeking additional orders for Israel to let humanitarian aid into the Gaza Strip, citing “widespread starvation” in the devastated Palestinian territory.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,593.96, up 68.03 points): Suncor Energy Inc. (TSX:SU). Energy. Up 27 cents, or 0.58 per cent, to $47.20 on 12.6 million shares.
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S&P/TSX composite makes moderate gain after rate decision, U.S. markets also rise

S&P/TSX composite makes moderate gain after rate decision, U.S. markets also rise

TORONTO — Canada's main stock index posted modest gains Wednesday after the Bank of Canada continued to hold its key lending rate steady, while U.S. markets also moved higher, recovering some of Tuesday's losses.
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Days before festival cancellation, bailiff seized assets from Just for Laughs

Days before festival cancellation, bailiff seized assets from Just for Laughs

MONTREAL — A bailiff seized more than $800,000 in assets from the Montreal company that runs the Just for Laughs comedy festival one week before the company announced it was seeking protection from its creditors.
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Ex-Google software engineer charged with stealing AI technology while working with Chinese companies

Ex-Google software engineer charged with stealing AI technology while working with Chinese companies

WASHINGTON (AP) — A former software engineer at Google has been charged with stealing artificial intelligence technology from the company while secretly working with two companies based in China, the Justice Department said Wednesday.
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RBC raises renewable funding target, reports little progress on oil and gas emissions

RBC raises renewable funding target, reports little progress on oil and gas emissions

TORONTO — Royal Bank of Canada plans to ramp up its renewable energy funding, even as it also reported little progress on reducing the emissions intensity of its oil and gas financing.
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Tight-lipped Bank of Canada holds key rate at 5%, says it's too early to cut rates

Tight-lipped Bank of Canada holds key rate at 5%, says it's too early to cut rates

OTTAWA — The Bank of Canada brushed off questions about rate cuts as it held its policy rate at five per cent, arguing inflation is still too high to justify lower borrowing costs.
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Enbridge bullish on Mainline, sees Canadian pipelines maxing out capacity by 2026

Enbridge bullish on Mainline, sees Canadian pipelines maxing out capacity by 2026

CALGARY — Enbridge Inc. is bullish on the future of its Mainline pipeline system in light of projections that Canadian oil output could exceed the country's pipeline export capacity as early as 2026.
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