Here are five things you need to know this morning.
General Motors credited strong demand for its most expensive and most profitable internal combustion engine vehicles for a US$3 billion quarterly profit this morning. The automaker raised its EBITDA forecast for the year to $14 billion, up from $13 billion previously, on the strong quarterly numbers. New vehicle sales are falling at most automakers, but GM has managed to gobble up market share without having to deeply discount prices.
Bigger companies in integrated regulated sectors like manufacturing, energy and technology said they were especially worried about the outcome and what it would mean for Canada and their businesses.to design and develop apparel for pro hockey fans. The deal will see Lulu develop and sell hoodies, jackets, pants and belt bags featuring the logos of 11 NHL teams, including the Leafs and Canucks.Canadian businesses spent $1.2 billion last year recovering from cyberattacks in 2023.
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