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Canadian e-commerce company cuts 20% of workforce and sells unit once strategic to the business Two and a half months ago, Shopify Inc. president Harley Finkelstein said the company wasn’t planning any more layoffs after slashing 10 per cent of...

The US is trying to convince Middle East allies to add dozens more robot vessels around the Arabian Peninsula to better detect threats from countries like Iran, a move to protect waterways vital to global commerce and oil trade. (Bloomberg) — T...

The unemployment rate held at 5%, beating economists' forecasts that it would rise to 5.1% Canada’s economy gained 41,000 jobs in April, more than doubling expectations. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to rea...

The Bank of Canada wants to see a weaker labour market, but so far it's not happening Get the latest from Kevin Carmichael straight to your inbox Sign Up Canada’s employers defied recession talk for yet another month in April by addin...

Canada's main stock index was down more than 100 points Thursday amid broad-based losses, while U.S. markets were also down.  The S&P/TSX Composite Index was down 116.49 points, or 0.57 per cent, at 20,238.19. In New York, the Dow Jones Industrial Avera...

Merger arbitrage traders were expecting hiccups in Toronto-Dominion Bank’s proposed takeover of First Horizon Corp., but they were unprepared for what happened Thursday when the US$13.4 billion transaction melted down. The deal spread had been widening in...

Stan Wong, portfolio manager, Scotia Wealth Management FOCUS: North American large caps and ETFs  MARKET OUTLOOK: Since the October 2022 intraday lows, the MSCI World Index has advanced by more than 20 per cent and the S&P 500 Index has climbed ove...

Sales of Apple Inc.’s iPhone rebounded last quarter, helping the world’s most valuable company top earnings estimates and weather an industrywide downturn that has battered much of its product lineup. Overall revenue amounted to US$94.8 billion in the fisc...

Open Text Corp. says its net income was US$57.6 million in the third quarter, down 22.9 per cent from US$74.7 million a year earlier.  The Waterloo-based company, which reports in U.S. dollars, says revenues were US$1.24 billion, up 41.1 per cent from US$8...

Analysts are split on potential upside and downside scenarios for Shopify Inc., following the company’s latest move to reduce staff and offload a significant portion of its logistics business.  On Thursday, the Canadian e-commerce company announced it ente...