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Software company OpenText sees $103.4M spike in net income in Q1

WATERLOO, Ont. — OpenText Corp. saw a nearly 40 per cent spike in net income in its most recent quarter, as investors continued to rally behind North American tech companies in the wake of COVID-19. The Waterloo, Ont.
Acquisitions, digital offerings help SunLife Q3 profit hit $750M amid pandemic

Acquisitions, digital offerings help SunLife Q3 profit hit $750M amid pandemic

TORONTO — Lower acquisition costs and digital offerings helped Sun Life Financial Inc. deliver a 10 per cent increase to its third-quarter net profit.
S&P/TSX composite joins U.S. markets rallying while loonie marches higher

S&P/TSX composite joins U.S. markets rallying while loonie marches higher

TORONTO — Canada's main stock index had its best performance in five months Thursday as it joined U.S. investors who continue to bask in the glow of expected post-election gridlock.
Great-West Lifeco Q3 profit up 13 per cent from last year to $826M

Great-West Lifeco Q3 profit up 13 per cent from last year to $826M

Great-West Lifeco Inc. managed to notch a 13 per cent increase in net earnings during its third quarter, even as it went on a multi-billion-dollar spending spree.
Fed signals readiness to do more for economy as virus rages

Fed signals readiness to do more for economy as virus rages

WASHINGTON — The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday and signalled its readiness to do more if needed to support an economy under threat from a worsening coronavirus pandemic.
Saputo Q2 profit slips to $170.8M amid lagging restaurant, food service sales

Saputo Q2 profit slips to $170.8M amid lagging restaurant, food service sales

MONTREAL — Saputo Inc.'s net profit slipped 2.
Tim McKay says conditions right for consolidation as Canadian Natural reports profit

Tim McKay says conditions right for consolidation as Canadian Natural reports profit

CALGARY — Conditions are right for more merger and acquisition activity in the Canadian oil and gas sector, says the president of Canadian Natural Resources Ltd.
Lightspeed POS buys U.S. company ShopKeep for US$440 million in cash and stock

Lightspeed POS buys U.S. company ShopKeep for US$440 million in cash and stock

Lightspeed POS Inc. is shelling out US$440 million in cash and shares to acquire a U.S. cloud-based commerce business and bolster its support for small- and medium-sized businesses struggling during the COVID-19 pandemic.
Ensign Energy Services reports Q3 net loss of $36 million on 60 per cent less revenue

Ensign Energy Services reports Q3 net loss of $36 million on 60 per cent less revenue

CALGARY — The president of Ensign Energy Services Inc. says activity is beginning to pick up in the North American oil and gas drilling sector after grinding to deep lows earlier this year due to low oil prices.
One-stop shoppers drive sales growth at Canadian Tire amid pandemic

One-stop shoppers drive sales growth at Canadian Tire amid pandemic

Canadian Tire Corp. Ltd. reported a ramp up in sales in its third quarter Thursday, when pandemic-inspired cooking, home improvement and staycations drove shoppers to the company's eponymous stores.