Operations
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Sale of B.C. hydroelectric project boosts Fortis Q2 profit to $720M
The electric and gas utility company’s revenue was $1.97 billion, mainly from businesses in Canada and the United States, up from $1.95 billion a year ago
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Bombardier to pour millions into train engineering to overcome bottleneck
The Montreal-based company plans to spend an additional US$250 million to US$300 million this year to ramp up train production
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Trump’s latest tariffs weighs on markets ahead of payrolls
Trump’s latest batch of tariffs – 10% tariffs on US$300 billion of Chinese goods, due to take effect Sept. 1 – are taking their toll on markets at the week’s end
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Restaurant Brands surpasses 26K restaurants globally, reports US$257M Q2 profit
RBI announces system-wide sales growth of nearly 8% and surpasses 26,000 restaurants globally
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Trade dispute festers as Trump threatens 10% tariffs on China [UPDATED]
President Donald Trump announced Thursday the U.S. will apply a new tariff of 10% on about US$300 billion worth of products from China beginning Sept. 1
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U.S. trade deficit falls 0.3% in June
President Donald Trump escalated trade hostilities with an announcement that the U.S. will apply a new tariff of 10% on about US$300 billion worth of products from China beginning Sept. 1
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Cleanup called off after 12,000 litre Hibernia oil spill: regulator
Production at the Hibernia platform, located about 315 kilometres east of St. John’s, has been shut down since the July 17 spill
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Maple Leaf Foods posts Q2 sales up 12.5%, fuelled by plant-based protein
The firm’s chief executive says its meat protein business delivered excellent profit growth even with difficult market conditions
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Shopify to accelerate fulfilment rollout on strong demand, shares up on results
The company increased its revenue outlook for the year to between US$1.51 billion and US$1.53 billion
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Fed chief struggles to manage a wild card: Trump trade wars
U.S. manufacturers suspended nearly half their investment projects valued above US$250 million because of uncertainty in U.S.-China trade relations
