Business
George Weston reports Q1 profit up from year ago, raises quarterly dividend
By The Canadian Press on May 9th, 2023
TORONTO – George Weston Ltd. raised its dividend as it reported its first-quarter profit and revenue rose compared with a year ago. The company, which holds large stakes in Loblaw Companies Ltd. and Choice Properties Real Estate Investment Trust, says it will increase its quarterly dividend to 71.3 cents per share from 66 cents per ... Read More »
Be the first to comment!SNC-Lavalin Group reports first-quarter profit and revenue up from year ago
By The Canadian Press on May 9th, 2023
MONTREAL – SNC-Lavalin Group Inc. reported its first-quarter profit rose compared with a year ago as its revenue also climbed higher. The engineering firm says its profit attributable to shareholders totalled $28.4 million or 16 cents per diluted share for the quarter ended March 31. The result was up from a profit of $24.8 million ... Read More »
Be the first to comment!Oil giant Saudi Aramco’s 1st quarter profit down 20% to $31B
By Jon Gambrell, The Associated Press on May 9th, 2023
DUBAI, United Arab Emirates (AP) – Oil giant Saudi Aramco reported a first-quarter profit on Tuesday of $31.88 billion, down nearly 20% from the same period last year as energy prices have sunk over global recession concerns. The firm known formally as the Saudi Arabian Oil Co. blamed the drop – compared to $39.47 billion ... Read More »
Be the first to comment!Oil giant Saudi Aramco reports $31.88B profit in 1st quarter
By Jon Gambrell, The Associated Press on May 9th, 2023
DUBAI, United Arab Emirates (AP) – Oil giant Saudi Aramco reported a first-quarter profit on Tuesday of $31.88 billion, down from $39.47 billion the same quarter last year. The firm known formally as the Saudi Arabian Oil Co. blamed the drop on lower global oil prices. Aramco made a $30.73 billion profit in the fourth ... Read More »
Be the first to comment!China exports up 8.5% in April in unexpected climb
By The Associated Press on May 8th, 2023
BEIJING (AP) – Chinese exports grew in April by 8.5% to $295.4 billion compared with a year earlier, in spite of weakening global demand. But imports shrank at a faster pace, with the total slumping 7.9% to $205.2 billion compared to the same time last year, according to data from the General Administration of Customs... Read More »
Be the first to comment!Suncor Energy’s adjusted earnings decline 34 per cent year-over-year
By The Canadian Press on May 8th, 2023
CALGARY – Suncor Energy Inc. says it earned $2.05 billion in the first quarter of 2023, down from $2.95 billion in the same quarter of 2022. The Calgary-based energy giant’s net earnings included a $302-million gain on the sale of the company’s wind and solar assets, which the company recently sold to Canadian Utilities Ltd. ... Read More »
Be the first to comment!Sleep Country sees earnings decline in Q1, sales largely unchanged
By The Canadian Press on May 8th, 2023
TORONTO – Sleep Country Canada Holdings Inc. says its earnings for the first quarter were $11.3 million, down 38.5 per cent from $18.4 million a year earlier. The Toronto-based company says revenues were $206.5 million, largely unchanged from $207.0 million the same quarter a year earlier. Diluted earnings per share for the quarter ended March ... Read More »
Be the first to comment!S&P/TSX composite edges higher on tech and battery metals, U.S. markets mixed
By The Canadian Press on May 8th, 2023
TORONTO – Canada’s main stock index edged higher Monday led by gains in technology and battery metals, while U.S. markets were mixed. The S&P/TSX composite index was up 43.12 points at 20,585.15. In New York, the Dow Jones industrial average was down 55.69 points at 33,618.69. The S&P 500 index was up 1.87 points at ... Read More »
Be the first to comment!Bank of Canada launches public consultations on digital currency
By The Canadian Press on May 8th, 2023
OTTAWA – The Bank of Canada says it wants to hear from Canadians on what kind of features it should include in a potential digital currency. In an online survey running until June 19, the central bank asks what people think about a range of design options including being able to use the currency offline, ... Read More »
Be the first to comment!Meta has team working to block news on Facebook, Instagram from Canadian users
By The Canadian Press on May 8th, 2023
OTTAWA – A representative for Meta says the tech giant has a team that is working toward blocking news for its Canadian users on Facebook and Instagram. Rachel Curran, head of public policy for Meta Canada, says the content-blocking team is preparing to end the availability of news on those social media platforms should the ... Read More »
Be the first to comment!Canaccord says management buyout deal at risk over regulatory issue
By The Canadian Press on May 8th, 2023
TORONTO – Canaccord Genuity Group Inc. says a regulatory issue with one of its foreign subsidiaries could hold up a proposed management buyout of the firm. The financial services firm says the unspecified issue in its capital markets business means its unlikely that it will receive approval for the buyout by the June 13 exipry ... Read More »
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