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FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers

FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers

NEW YORK (AP) — FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit rock bottom Th
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UAW members at the first Ford plant to go on strike overwhelmingly approve the new contract

UAW members at the first Ford plant to go on strike overwhelmingly approve the new contract

DETROIT (AP) — Autoworkers at the first Ford factory to go on strike have voted overwhelmingly in favor of a tentative contract agreement reached with the company.
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Bombardier revenues ramp up, even as private plane travel falls

Bombardier revenues ramp up, even as private plane travel falls

MONTREAL — Bombardier Inc. reported a revenue gain of 28 per cent in its latest quarter as the company pledged to meet its business jet delivery target for the year, even amid supply chain pressures and fewer private jet-setters.
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Head of Canadian banking at Scotiabank Dan Rees departing

Head of Canadian banking at Scotiabank Dan Rees departing

TORONTO — Scotiabank's head of Canadian banking is leaving after a 25-year career at the financial institution. The bank says Dan Rees is leaving to pursue other opportunities.
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OpenText Corp. sees earnings, revenues rise to kickstart financial year

OpenText Corp. sees earnings, revenues rise to kickstart financial year

OpenText Corp. says it earned US$80.9 million in the first quarter of its financil year, up from a loss of US$116.9 million a year earlier. Revenues for the Waterloo, Ont.-based company were US$1.
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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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,626.34, up 547.34 points): Enbridge Inc. (TSX:ENB). Energy. Up $1.14, or 2.5 per cent, to $46.06 on 8.2 million shares.
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TVA Group lays off more than 500 employees as audiences and ad revenues shrink

TVA Group lays off more than 500 employees as audiences and ad revenues shrink

MONTREAL — The TVA Group says it is laying off 547 employees — nearly a third of its workforce — amid restructuring as the company contends with declining audiences and ad revenues.
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Pembina Pipeline reports record third quarter; raises full-year guidance

Pembina Pipeline reports record third quarter; raises full-year guidance

CALGARY — Pembina Pipeline Corp. says it earned $346 million in the third quarter of 2023, down from $1.8 billion in the same three-month period of 2022.
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Stock market today: Wall Street leaps toward its best week of 2023 on hopes for halt to rate hikes

Stock market today: Wall Street leaps toward its best week of 2023 on hopes for halt to rate hikes

NEW YORK (AP) — Wall Street roared higher, adding to its rally from the day before on hopes the Federal Reserve may finally be done with its market-rattling hikes to interest rates. The S&P 500 jumped 1.9% Thursday.
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S&P/TSX composite closes up nearly 3%, U.S. stock markets also rise

S&P/TSX composite closes up nearly 3%, U.S. stock markets also rise

TORONTO — Canada's main stock index leapt close to three per cent Thursday and U.S. markets also rose as investors shifted bets from long-term bonds towards equities on an improved outlook for interest rates.
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