WINNIPEG — NFI Group Inc. says it earned US$3 million in its second quarter, up from a net loss of US$48 million a year earlier.
The Winnipeg-based company says its revenue for the quarter totalled US$851 million, up from US$660 million last year.NFI says the second quarter of 2024 was their first positive earnings quarter in three years.
Soubry says the company anticipates this will continue throughout the year as suppliers ramp up production to meet demand from NFI.The Federal Reserve decided to keep interest rates unchanged coming of out the central bank's two-day policy meeting, followed by a press conference from Chair Jerome Powell, who spoke about the economy and the Fed's target goal of 2% inflation, making mention that a September rate cut could be on the table.
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