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OpenText losses US$65.5 million in Q2 as it settles IRS case, revenues rise

A month after OpenText Corp. settled an 11-year U.S. tax saga in the middle of the COVID-19 pandemic, its chief executive is relieved to be rid of the matter and able to pour his attention into booming parts of the business.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (18,041.97, up 126.06 points.) The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up 5.25 cents, or 22.34 per cent, to 28.
SkipTheDishes introduces B.C. fee after province caps food delivery commissions

SkipTheDishes introduces B.C. fee after province caps food delivery commissions

WINNIPEG — SkipTheDishes is charging customers in B.C. a new fee as the food delivery company pushes back against a provincial order capping its commissions. The Winnipeg-based company says users of its app in B.C.
OpenText reports US$65.5 million loss, 10 per cent revenue spike in Q2

OpenText reports US$65.5 million loss, 10 per cent revenue spike in Q2

WATERLOO, Ont. — OpenText Corp. says it incurred a US$65.5 million net loss in its latest quarter despite revenues climbing by more than 10 per cent when compared with a year ago. The Waterloo, Ont.
Four-day rally pushes S&P/TSX composite to record high, U.S. stock markets also climb

Four-day rally pushes S&P/TSX composite to record high, U.S. stock markets also climb

TORONTO — Investor optimism fuelled a four-day run to start the month that culminated Thursday in Canada's main stock index setting a record high. The S&P/TSX composite index closed up 126.06 points to 18,041.
McKinsey agrees to pay nearly $600M over opioid crisis

McKinsey agrees to pay nearly $600M over opioid crisis

The global consulting firm McKinsey & Company agreed to pay nearly $600 million for its role in advising businesses on how to sell more prescription opioid painkillers amid a nationwide overdose crisis.
Online sales growth, new stores in China boost Canada Goose's third-quarter results

Online sales growth, new stores in China boost Canada Goose's third-quarter results

Canada Goose Holdings Inc. beat expectations in its biggest quarter of the year, returning the luxury parka maker to growth for the first time since the onset of the pandemic.
Saputo reports uptick in third-quarter profit amid strong retail sales

Saputo reports uptick in third-quarter profit amid strong retail sales

MONTREAL — Saputo Inc. reported an uptick in its third-quarter profit on Thursday as strong retail sales at grocery stores outweighed weak demand from restaurants, cafeterias and other foodservice costumers.
Longtime Merck CEO, minority advocate Ken Frazier to retire

Longtime Merck CEO, minority advocate Ken Frazier to retire

Longtime Merck executive Ken Frazier, whose leadership helped bring the drugmaker one of the most lucrative medicines in history and who is one of the few remaining Black CEOs of a major corporation, is retiring.
Suncor Energy restarts carbon emission cutting projects despite vow of austerity

Suncor Energy restarts carbon emission cutting projects despite vow of austerity

CALGARY — The CEO of Suncor Energy Inc. says it will not increase capital spending this year despite higher oil prices, instead vowing to spend any increases in free cash flow on debt repayment and share buybacks.