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Under a punishing midday sun, Devabhai Sawadiya slowly rakes the salt pan that has been in his family for generations. It’s quiet around him, except for the sweeping motions of his salt broom and the soft, clinking sound of dishes being washed nearby. That’s a new development. For years, there …
Read More »Toronto wants to spend $10.7M on World Cup ticket packages and resell them for a profit
Toronto’s 2026 FIFA World Cup committee wants to spend nearly $11 million on ticket packages for the upcoming games and resell them at marked up prices, with some councillors saying the move would amount to “scalping” with taxpayers’ money. FIFA controls tickets to the games, and as a host city, Toronto has …
Read More »Scotiabank topped profit estimates last quarter while BMO missed. Here’s why – National
Canada’s Bank of Montreal on Tuesday reported quarterly profit below analysts’ estimates, its sixth miss in a row, hurt by weakness in its U.S. retail segment and as the lender made bigger than expected provisions for potential bad loans. Meanwhile, peer Bank of Nova Scotia, Canada’s fourth largest bank by …
Read More »Shopify’s revenue jumps 25 per cent, driving a return to profit in Q3
Descrease article font size Increase article font size Canada’s Shopify returned to a profit in the third quarter, driven by strict cost controls and adoption of artificial intelligence to attract more merchants to its services, sending its U.S. shares 18 per cent higher before the bell. The company has launched …
Read More »Air Canada profit jumps in Q3 as travel demand picks up from pandemic – National
By Staff The Canadian Press Posted October 30, 2023 7:43 am Descrease article font size Increase article font size Air Canada reported a profit of $1.25 billion in its latest quarter compared with a loss of $508 million in the same quarter last year. The airline says the profit amounted …
Read More »Toronto-based Aecon turns $28-million profit in 2nd quarter as it inks significant new contracts – Toronto
By Staff The Canadian Press Posted July 27, 2023 10:04 am Descrease article font size Increase article font size Aecon Group Inc. says its second-quarter earnings reached $28.2 million in profit, marking a turnaround from the $6.4 million loss the construction firm saw for the period last year. The Toronto-based …
Read More »Hydro One reports Q1 profit down from year ago, revenue higher
By Staff The Canadian Press Posted May 5, 2023 10:39 am Descrease article font size Increase article font size Hydro One Ltd. reported its first-quarter profit fell compared with a year ago due higher operation, maintenance and administrative costs, offset in part by higher revenues. The power utility says it …
Read More »Dollarama reports $261.3M Q4 profit, raises quarterly dividend
By Staff The Canadian Press Posted March 29, 2023 9:35 am Descrease article font size Increase article font size Dollarama Inc. raised its dividend as it reported a fourth-quarter profit of $261.3 million, up from $220.0 million a year earlier. The retailer says it will now pay a quarterly dividend …
Read More »Leaked memo: ByteDance says its annual revenue in 2020 grew 111% YoY to $34.3B compared to 2019, while gross profit rose 93% YoY to $19B (Liza Lin/Wall Street Journal)
Liza Lin / Wall Street Journal: Leaked memo: ByteDance says its annual revenue in 2020 grew 111% YoY to $34.3B compared to 2019, while gross profit rose 93% YoY to $19B — ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff — ByteDance …
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