Business
Thomson Reuters reports earnings of US$841 million in Q2
By The Canadian Press on August 1st, 2024
TORONTO – Thomson Reuters says its earnings slipped in the second quarter while revenue rose and it edged up its revenue outlook. The media giant says it had earnings of US$841 million in its second quarter, down from US$894 million last year. It says earnings worked out to US$1.86 per share, down from US$1.90 per ... Read More »
Be the first to comment!Canada Goose sees Q1 net loss of $74 million, revenues rise
By The Canadian Press on August 1st, 2024
TORONTO – Canada Goose Inc. saw its net loss reach $74 million in its first quarter as revenue climbed. The Toronto-based luxury apparel company says the net loss for the period ended June 30 compared with a net loss a year earlier of $85 million. Those results amounted to a net loss attributable to shareholders ... Read More »
Be the first to comment!TC Energy reports $963 million profit for Q2
By The Canadian Press on August 1st, 2024
CALGARY – TC Energy Corp. says it had a net income of $963 million in the second quarter, up from $250 million in the same quarter last year. Earnings worked out to 93 cents per share for the quarter ending June 30, up from 24 cents per share for the same quarter last year. The ... Read More »
Be the first to comment!The number of Americans filing for jobless claims hits highest level in a year
By Matt Ott, The Associated Press on August 1st, 2024
The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains broadly healthy. Jobless claims for the week ending July 27 climbed by 14,000 to 249,000, from 235,000 the previous week, the Labor Department reported Thursday. It’s the most since the first ... Read More »
Be the first to comment!BCE says focused on cost management as Q2 revenue dips
By The Canadian Press on August 1st, 2024
TORONTO – BCE Inc. says its earnings rose in the second quarter as it focused on cost management in a highly competitive environment, while adjusted earnings dipped. The telecoms giant says earnings attributable to shareholders came in at $537 million, up from $329 million in the same quarter last year. Earnings worked out to 59 ... Read More »
Be the first to comment!Cenovus reports second quarter earnings of $1 billion, debt target hit
By The Canadian Press on August 1st, 2024
CALGARY – Cenovus Energy Inc. says it will be returning “substantially” more money to shareholders in upcoming quarters after achieving its debt reduction target. The Calgary-based oil and gas company says in second-quarter results that it hit its net debt target of $4 billion in July and so will be returning 100% of excess free ... Read More »
Be the first to comment!Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut since for over 4 years
By Pan Pylas, The Associated Press on August 1st, 2024
LONDON (AP) – The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020. In a statement Thursday, the bank said that by a 5-4 margin, its nine-member policymaking panel backed a quarter-point reduction in its main interest rate to 5%, from the 16-year ... Read More »
Be the first to comment!Ontario developer coalition asks governments for tax breaks to pass on to homebuyers
By Liam Casey and Allison Jones, The Canadian Press on August 1st, 2024
TORONTO – A coalition of Ontario developers has written to three levels of government to ask for a reduction in taxes on new housing, saying it will pass on those savings dollar for dollar to homebuyers. The new group, called the Coalition Against New-Home Taxes, or CANT, is composed of 18 developers who collectively plan ... Read More »
Be the first to comment!Lion Electric announces 300 more layoffs, driving stock into the tank
By The Canadian Press on July 31st, 2024
MONTREAL – Lion Electric Co. says it is laying off hundreds more workers as part of a plan to staunch its financial losses. The announcement sent the electric bus company’s shares into a tailspin, leaving them a penny stock by day’s end. The share price fell by 22 cents or more than 18 per cent ... Read More »
Be the first to comment!Parkland Corp. second-quarter earnings total $70 million
By The Canadian Press on July 31st, 2024
CALGARY – Parkland Corp. says it earned $70 million in the second quarter, down from $78 million a year earlier. The company’s sales and operating revenue was $7.5 billion, down from $7.8 billion during the same quarter in 2023. Diluted earnings per share were 39 cents, down from 43 cents last year. Parkland revised its ... Read More »
Be the first to comment!TMX Group earnings rise to $100 million in second quarter, revenues also higher
By The Canadian Press on July 31st, 2024
TORONTO – TMX Group Ltd. says it earned $100 million in the second quarter of 2024, up from $97.3 million during the same quarter last year. Revenue for the company that operates the Toronto Stock Exchange totalled $367.1 million, up from $306.2 million a year ago. Diluted earnings per share were 36 cents, up from ... Read More »
Be the first to comment!
