National Business

Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence.

Aritzia Inc.'s net income fell by 58 per cent in its latest fiscal year, which the retailer's chief executive said was spent laying the groundwork for the business's rebound.

TORONTO — TMX Group Inc. says it earned $139.5 million in its first quarter, up from $89 million a year earlier. The operator of the Toronto Stock Exchange says its revenues totalled $345.9 million in the quarter ended March 31, up from $299.

EDMONTON — A corporate decision to mothball Canada's largest carbon capture and storage plan is likely the result of financial uncertainty and technological risks, analysts suggest. Capital Power's decision not to pursue its $2.

WATERLOO, ONT. — Open Text Corp. says it earned US$98.3 million, up from US$57.6 million a year earlier. The Waterloo, Ont.-based software company says its revenues totalled US$1.4 billion, up 16 per cent from US$1.

WINNIPEG — NFI Group Inc. reported a net loss of US$9.4 million in its first quarter, compared with a net loss of US$46 million a year earlier.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (21,823.22, up 94.67 points): Enbridge Inc. (TSX:ENB). Energy. Up 84 cents, or 1.72 per cent, to $49.83 on 11.0 million shares.

TORONTO — Canada's main stock index gained almost 100 points Thursday, helped by gains in industrial and utilities stocks,while U.S. stock markets also rose.

MISSISSAUGA, Ont. — Pork markets are showing signs of improvement, said Maple Leaf Foods Inc. chief executive Curtis Frank, helping the company achieve a profit in its first quarter compared with a year ago even as sales edged lower.

MONTREAL — Canadian airlines have enjoyed a two-year boom amid consumer hunger for post-pandemic travel. But as that pent-up demand recedes, the country's largest carrier hopes to ramp up ticket sales to corporate customers instead.