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Héroux-Devtek sees profits plummet amid Omicron-induced production problems

Héroux-Devtek sees profits plummet amid Omicron-induced production problems

LONGUEUIL, Que. — Héroux-Devtek Inc. is reporting a major drop in profit and revenue last quarter due to supply chain disruptions brought on by the Omicron variant of COVID-19. The landing-gear manufacturer says delayed deliveries and snags at its U.
Alberta venture capital investment poised to break record again

Alberta venture capital investment poised to break record again

CALGARY — In Canada's largest oil and gas producing province, investors who have been made wealthy by the energy sector are starting to open their pockets to a budding local tech industry.
Canadian restaurant chain Boston Pizza continues to deal with COVID-19 challenges

Canadian restaurant chain Boston Pizza continues to deal with COVID-19 challenges

VANCOUVER — Boston Pizza International Inc. reported fourth-quarter profit fell to $12.6 million compared with $19.6 million a year ago as the company continues to navigate the COVID-19 pandemic and restrictions on the restaurant industry.
Cameco reports Q4 profit and revenue down from year ago, raises dividend

Cameco reports Q4 profit and revenue down from year ago, raises dividend

SASKATOON — Cameco Corp. raised its annual dividend as it reported its fourth-quarter profit and revenue fell compared with a year ago. The uranium miner says it will now pay an annual dividend of 12 cents per share, up from eight cents per share.
Asian stocks follow Wall St higher after rebound

Asian stocks follow Wall St higher after rebound

BEIJING (AP) — Asian stocks rose Wednesday after Wall Street rebounded as investors waited for U.S. inflation data that might influence the pace of Federal Reserve interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney advanced.
Calgary Chamber of Commerce slams Alberta's move to cancel vaccine passport program

Calgary Chamber of Commerce slams Alberta's move to cancel vaccine passport program

CALGARY — A major business group has slammed the Alberta government's decision to eliminate a proof-of-vaccine program, calling it "akin to ripping the Band-Aid off before the wound has healed.
B.C. premier backs COVID-19 health restrictions, will not bend to horn honking

B.C. premier backs COVID-19 health restrictions, will not bend to horn honking

VICTORIA — Premier John Horgan says British Columbia won't be pressured by "honking horns" to lift the province's COVID-19 public health restrictions. "People want to put COVID behind them.
Stingray third quarter profit falls to $12.6 million despite increased revenues

Stingray third quarter profit falls to $12.6 million despite increased revenues

MONTREAL — Stingray Group Inc. says its net income fell to $12.6 million in its latest quarter despite an increase in revenues with a gradual easing of COVID-19 restrictions.
House OKs bill easing budget strains on Postal Service

House OKs bill easing budget strains on Postal Service

WASHINGTON (AP) — Congress would lift onerous budget requirements that have helped push the Postal Service deeply into debt and would require it to continue delivering mail six days per week under bipartisan legislation the House approved Tuesday.
Saputo closing three facilities, investing $169M on operations in U.S. and Australia

Saputo closing three facilities, investing $169M on operations in U.S. and Australia

MONTREAL — Canadian dairy company Saputo Inc. is closing three facilities as part of its plan to spend about $169 million to enhance its manufacturing facilities in the U.S. and Australia and spur growth.
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