‼️Canada sheds 30,600 jobs in July 🛢️Suncor’s operating profit soars in Q2 📉Canopy Growth hit with $1.7B loss Here’s what you need to know today:
a sharp drop in net debt during the second quarter and a surge in cash flow. Enerplus also announced it’s now planning to return 60 per cent of free cash flow to shareholders and nudged up its 2022 production forecast.
These aren’t the easiest of times to be an investment banker. Check out the latest from Canaccord Genuity, where overallrevenue sank 37 per cent. Dig a little deeper, and we see the near-evaporation of revenue in the company’s Canadian capital markets unit: down 87.7 per cent to $14.3 million. In the release, president and CEO Dan Daviau blamed the performance on an “abrupt deceleration in global markets” during the quarter. We’ll learn more when Daviau joins us at 9:40a.m. ET.
its full-year revenue forecast and said it’s cutting about four per cent of its headcount. Its second-quarter operating loss swelled to almost US$90 million from US$18.6 million a year earlier; interestingly, sales as measured in pounds jumped almost 15 per cent. Just like its primary ride-hailing rival, Lyft isn’t showing any sign of a slowdown in these uncertain economic times. It saidactive riders surged 16 per cent to almost 20 million, and revenue per user also climbed. That helped it reach the highest adjusted EBITDA in its history.
Profitability is still a mixed picture at DoorDash , but that’s seemingly being brushed aside by investors after the food-delivery service reported a 30 per cent surge in
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