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Prince Edward Island’s biggest community college is phasing out eight programs for the coming school year because of a drop in revenue from “a sharp decrease in the college’s international student enrolment.” Holland College says three other programs are being downsized because enrolment numbers have dropped. Those programs were not …
Read More »Nova Scotia municipalities urged to get creative to find new revenue streams: report – Halifax
The tax base for municipalities across Nova Scotia isn’t keeping up with the cost of services and programs, and local governments need to get creative in finding new revenue, including by asking Ottawa for a cut of personal income taxes. That idea for new money is included in a report …
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 »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 »BlackBerry warns of lower revenue for cybersecurity business amid ‘macro’ challenges
By Staff The Canadian Press Posted March 7, 2023 9:44 am Updated March 7, 2023 9:45 am Descrease article font size Increase article font size BlackBerry Ltd. says it expects its fourth-quarter and full-year revenue for its cybersecurity business to be lower than expected as some large deals that were …
Read More »Sophisticated Canada Revenue Agency (CRA) scams circulating ahead of tax season
Some cybersecurity experts are warning the public about several sophisticated Canada Revenue Agency (CRA) scams already circulating well ahead of tax season. “This year’s crop to me is even more concerning in that they seem to be more accurate, no spelling mistakes, no grammatical errors. They look very legitimate and …
Read More »Tax season strike? Union at Canada Revenue Agency says voting starts this month – National
More than 35,000 Canada Revenue Agency workers will soon vote on whether to go on strike this tax season after being without a contract for more than a year, their union says. The Public Service Alliance of Canada and the Union of Taxation Employees (PSAC-UTE) will launch strike votes later …
Read More »Research: Amazon revenue from third-party sellers will reach $121B in 2021, up from $60B in 2019, as seller fees reach 34%, up from 30% in 2018 and 19% in 2014 (Stacy Mitchell/Institute for Local …)
Stacy Mitchell / Institute for Local Self-Reliance: Research: Amazon revenue from third-party sellers will reach $121B in 2021, up from $60B in 2019, as seller fees reach 34%, up from 30% in 2018 and 19% in 2014 — Amazon’s dominance of online retail means that small businesses have little choice …
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 …
Read More »SimilarWeb closes down 0.6% in its NYSE debut after raising $165M in its IPO at a valuation of ~$1.6B; its revenue in 2020 was $93.5M with a net loss of $22M (Shiri Habib-Valdhorn/Globes Online)
Shiri Habib-Valdhorn / Globes Online: SimilarWeb closes down 0.6% in its NYSE debut after raising $165M in its IPO at a valuation of ~$1.6B; its revenue in 2020 was $93.5M with a net loss of $22M — The Israel company, which has developed a platform for understanding online behavior by …
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