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Brookfield reports profit fell in the second quarter, revenue up

Brookfield reports profit fell in the second quarter, revenue up

Brookfield Asset Management Inc. reported second-quarter net income attributable to common shareholders that was lower than the previous year, as revenue rose. The alternative asset manager, which keeps its books in U.S.
Housing correction gaining pace, to continue through next year: report

Housing correction gaining pace, to continue through next year: report

OTTAWA — Desjardins is forecasting the average home price in Canada will decline by nearly 25 per cent by the end of 2023 from the peak reached in February of this year.
Gas prices dip just below $4 for the first time in 5 months

Gas prices dip just below $4 for the first time in 5 months

Gasoline prices dipped to just under the $4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials. AAA said the national average for a gallon of regular was $3.
Cancellation of Atlanta festival sparks new fight over guns

Cancellation of Atlanta festival sparks new fight over guns

ATLANTA (AP) — Tens of thousands of Music Midtown festivalgoers are no longer going to descend on Atlanta’s massive Piedmont Park next month to cheer on hip-hop star Future or watch beloved rock band My Chemical Romance take the stage.

Metallica, Mariah Carey headline Global Citizen NYC concert

NEW YORK (AP) — Metallica, Mariah Carey and The Jonas Brothers will headline a free concert in New York’s Central Park next month marking the 10th anniversary of the Global Citizen Festival organized by the international nonprofit fighting extreme po
Indigo reports $25.4M loss in Q2; results reflect the end of COVID support programs

Indigo reports $25.4M loss in Q2; results reflect the end of COVID support programs

TORONTO — Indigo Books and Music Inc. says it lost $25.4 million in the 13-week period ended July 2 in spite of double-digit sales growth in both its print and general merchandise categories.
Stelco reports earnings growth in Q2, but warns lower prices will affect rest of year

Stelco reports earnings growth in Q2, but warns lower prices will affect rest of year

HAMILTON — Stelco Holdings Inc. says its year-over-year earnings increased 53 per cent in the second quarter of 2022 to $554 million, or $7.67 per diluted share.
Manulife reports $1.6B drop in Q2 earnings on market impacts

Manulife reports $1.6B drop in Q2 earnings on market impacts

TORONTO — Manulife Financial Corp. says it saw a $1.6-billion drop in earnings in the second quarter compared with a year earlier as market turmoil hit its bottom line. The insurance giant says it had net income of $1.

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 (19,885.94, up 307.64 points.) Barrick Gold Corp. (TSX:ABX). Materials. Down six cents, or 0.28 per cent, to $21.10 on 14.
North American markets surge as new data shows inflation may have already peaked

North American markets surge as new data shows inflation may have already peaked

Canada's main stock index made triple-digit gains Wednesday while U.S. markets also surged on the release of new data suggesting U.S. inflation may have finally peaked. The latest Consumer Price Index report from the U.S.