The Vancouver-based clothing retailer reported net income of $201.7 million in the quarter that ended in August, up 204 per cent from the $66.3 million reported this time last year, thanks to stronger-than-expected uptake in its app and high foot traffic in stores. (The Logic)
Cold Lake First Nation is seeking judicial review of Ottawa’s decision to designate the proposed Pacific Link oil pipeline a project of national interest, arguing the federal government failed to meaningfully consult the community. (The Logic)
The Hangzhou-based automaker said Friday it has been setting up a retail and service network in Canada as it gets ready to sell its eponymous mass-market brand next year. (The Logic)
The Canadian inventor of Ethereum quote-posted a recommendation from crypto security researcher Justin Drake for digital asset holders to enter “bunker mode,” moving their holdings to new digital addresses before AI cracks the cryptography protecting them. (The Logic)
The second consecutive month of shrunken employment—after a net loss of 41,700 positions in August—means Canada has lost 41,200 jobs so far this year, wiping out earlier gains. (The Logic)
The Montreal-area company said it’s focusing now on liquid-fuelled rocket engines instead of starting with a hybrid one for its planned first launch vehicle, called Aurora. The idea is that all-liquid engines will be more powerful; Reaction Dynamics is now rushing to create a “medium-lift” rocket rather than treating that as a longer-term goal. (The Logic)
The Standing Buffalo Dakota Nation and the Carry the Kettle Nakoda Nation say Bell hasn’t consulted with them on a major development affecting their traditional territory. The AI-oriented data centre is being built south of Regina, in co-operation with the province and George Gordon First Nation, but Standing Buffalo’s Chief Rodger Redman told the CBC that an agreement with one First Nation doesn’t cover a proponent’s responsibilities to others. Bell said it’s committed to engaging with communities and First Nations. (CBC News)
Canadian energy producers are “taking a measured approach” so far to volatile oil prices, according to Deloitte’s latest quarterly energy price forecast. Capital spending did not keep pace with the sharp quarter-over-quarter rise in operating profits producers saw in the second quarter amid global crude supply disruptions caused by the Iran war. (The Logic)
The U.S. Securities and Exchange Commission published the warning, after its probe into BlackRock, Vanguard and State Street's roles in the 2021 appointment of three ExxonMobil directors nominated by an activist investor. (The Logic)
The Vancouver-based athletic-wear company has created new roles for two new executives: chief product officer Maggie Gauger and chief operating officer Joseph Godsey, who join Oct. 26. Chief brand officer Nikki Neuburger and chief supply chain officer Ted Dagnese are leaving the company on Nov. 6. The company is searching for a new chief brand officer. (The Logic)