North American stock markets plunge on record drop in U.S. GDP in second quarter

North American stock markets plunge on record drop in U.S. GDP in second quarter
TORONTO — North American stock markets plunged on a record 32.9-per-cent drop in the U.S. gross domestic product in the second quarter. The S&P/TSX composite index was down 187.14 points at 16,107.52. In New York, the Dow Jones industrial average was down 391.96 points at 26,147.61. The S&P 500 index was down 35.87 points at 3,222.57, while the Nasdaq composite was down 59.90... Read More

TC Energy net profits increase to $1.3 billion in Q2 despite lower sales

TC Energy net profits increase to $1.3 billion in Q2 despite lower sales
CALGARY — TC Energy Corp. is reporting higher net profits in the second quarter on asset sales even though revenues decreased. The Calgary-based company says it earned $1.3 billion or $1.36 per diluted share for the three months ended June 30, up from $1.1 billion or $1.21 per share a year earlier. The results included an after-tax gain of $408 million related... Read More

Shaw Mobile launches in Alberta, B.C., alongside Shaw’s Freedom Mobile

Shaw Mobile launches in Alberta, B.C., alongside Shaw’s Freedom Mobile
CALGARY — The owner of Freedom Mobile has disclosed details of a new wireless service called Shaw Mobile, which will be in Alberta and British Columbia. Calgary-based Shaw Communications says the new service will combine elements of its wireless and residential fibre networks as well as its WiFi hotspots. It will offer three levels of service plan, currently at an... Read More

Maple Leaf Foods earns $25.7 million in Q2 on higher plant protein sales

Maple Leaf Foods earns $25.7 million in Q2 on higher plant protein sales
Maple Leaf Foods Inc. overcame a steep drop in restaurant and food supply sales last quarter to furnish a $25-million profit thanks to a revenue boost in pork, retail consumption and Asian demand. The meat giant raised sales by seven per cent $1.09 billion in the second quarter as consumers of its pork and plant-based protein products stayed home and stocked... Read More