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Shopify warns of more pain ahead after surprise loss

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It posted a Q2 net loss of $1.2 billion, or 95 cents per share, compared with a profit of $879.1 million, or 69 cents per share, a year earlier

For the first time, Rogers CEO Tony Staffieri faced questions from MPs about his company's country-wide network failure, and whether the lack of competition in the telecom industry made it worse.Rogers Communications Inc delayed the deadline for its C$20 billion buyout of rival Shaw Communications and said it would take a hit due to an outage that impacted millions of customers earlier this month.

's president is arguing the company is in an "enviable" position, even as it continues to express regret over misjudging the growth of the e-commerce market — a move that forced a dramatic number of job cuts Tuesday.

 

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