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CN Rail on track for growth this year, despite Red Sea shipping obstacles: CEO

CN Rail on track for growth this year, despite Red Sea shipping obstacles: CEO

MONTREAL — A stable economic outlook and rising cargo demand bode well for Canadian National Railway Co. this year, executives said, despite the Red Sea crisis dampening container figures on the East Coast.
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. The Austin, Texas, company said it made $1.
West Fraser Timber earns US$35 million in first quarter, up from loss last year

West Fraser Timber earns US$35 million in first quarter, up from loss last year

VANCOUVER — West Fraser Timber Co. says it earned US$35 million in its first quarter, up from a loss of US$42 million a year earlier. Earnings per diluted share were 42 cents US, compared with a loss of 52 cents during the same quarter last year.
First Quantum reports US$159 million loss in Q1, says balance sheet shored up

First Quantum reports US$159 million loss in Q1, says balance sheet shored up

TORONTO — First Quantum Minerals Ltd. says it lost US$159 million in its first quarter, down from profits of US$75 million a year earlier. However, it's a shallower loss than the US$1.45 billion First Quantum reported in the previous quarter.
Competition Bureau raises concerns over Bunge-Viterra deal

Competition Bureau raises concerns over Bunge-Viterra deal

GATINEAU, Que. — It's likely that Bunge Ltd.'s US$8.2-billion deal to acquire Viterra Ltd. would "substantially" reduce competition in the grain and canola oil markets, the Competition Bureau says.
Freeland says $5 billion just a start for Indigenous loan guarantee program

Freeland says $5 billion just a start for Indigenous loan guarantee program

TORONTO — The $5-billion announced for an Indigenous loan guarantee program in last week's budget is just a start, said Deputy Prime Minister Chrystia Freeland.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (22,011.72, up 139.76 points): Enbridge Inc. (TSX:ENB). Energy. Down two cents, or 0.04 per cent, to $48.41 on 13.4 million shares.
S&P/TSX composite rises, U.S. stock markets also climb ahead of tech earnings

S&P/TSX composite rises, U.S. stock markets also climb ahead of tech earnings

TORONTO — Canada's main stock index rose nearly 140 points Tuesday, led by strength in technology stocks, while U.S. stock markets also climbed. The rally was led by technology stocks, with the Nasdaq rising 1.6 per cent.
Stock market today: Wall Street rallies for a second day, erasing some of April's losses

Stock market today: Wall Street rallies for a second day, erasing some of April's losses

NEW YORK (AP) — Stocks rallied for a second straight day on Wall Street, softening what’s been a rough April. The S&P 500 added 1.2% Tuesday to pull further out of the hole created by a six-day losing streak.
B.C. to increase local milk production with $25-million factory investment

B.C. to increase local milk production with $25-million factory investment

ABBOTSFORD, B.C. — The British Columbia government is contributing up to $25 million toward the expansion of a milk production plant aimed at boosting the supply of locally sourced food.
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