Business
CAE reports $78.1M Q3 profit, revenue up 20% compared with year ago
By The Canadian Press on February 14th, 2023
MONTREAL – CAE Inc. reported a profit of $78.1 million in its latest quarter, up from $26.2 million a year earlier, while its revenue rose 20 per cent. The company says the profit amounted to 25 cents per diluted share for the quarter ended Dec. 31, up from eight cents per diluted share a year ... Read More »
1 responseUS inflation slows to 6.4%, but price pressures re-emerge
By Christopher Rugaber, The Associated Press on February 14th, 2023
WASHINGTON (AP) – The pace of consumer price increases eased again in January, the latest sign that the high inflation that has gripped Americans for two years is slowing. At the same time, Tuesday’s consumer price report from the government showed that inflationary pressures in the U.S. economy remain stubborn and are likely to fuel ... Read More »
Be the first to comment!Hydro One reports fourth-quarter profit up more than 10% from year ago
By The Canadian Press on February 14th, 2023
TORONTO – Hydro One Ltd. reported its fourth-quarter profit rose more than 10 per cent compared with a year ago. The power utility says it earned a profit attributable to shareholders of $178 million or 30 cents per diluted share for the quarter ended Dec. 31. The result compared with a profit of $159 million ... Read More »
Be the first to comment!TC Energy increases dividend, reports Q4 loss due to rising costs of Coastal GasLink
By The Canadian Press on February 14th, 2023
CALGARY – TC Energy Corp. raised its dividend as it reported a nearly $1.45-billion loss in its fourth quarter due to rising cost of its Coastal GasLink project. The company says it will now pay a quarterly dividend of 93 cents per share, up from 90 cents per share. The increased payment to shareholders came ... Read More »
Be the first to comment!Restaurant Brands reports US$336 million Q4 profit, names new CEO
By The Canadian Press on February 14th, 2023
TORONTO – The parent company of Tim Hortons and Burger King reported its fourth-quarter net income rose to US$336 million compared with a profit of US$262 million a year earlier. Restaurant Brands International Inc., which also includes Popeyes Louisiana Kitchen and Firehouse Subs, also announced that chief operating officer Joshua Kobza will become chief executive ... Read More »
Be the first to comment!UAE’s COP28 leader: ‘Fight climate change, not each other’
By Jon Gambrell, The Associated Press on February 14th, 2023
DUBAI, United Arab Emirates (AP) – The United Arab Emirates’ pick to lead the upcoming COP28 climate talks in Dubai called on the world Tuesday to “fight climate change, not each other,” directly addressing the anger activists have felt over his selection. Sultan al-Jaber, the CEO of Abu Dhabi National Oil Co., also described the ... Read More »
Be the first to comment!Indian officials search BBC offices after Modi documentary
By Krutika Pathi, The Associated Press on February 14th, 2023
NEW DELHI (AP) – Officials from India’s Income Tax Department searched the BBC’s offices in New Delhi on Tuesday, weeks after the British broadcaster released a controversial documentary about Prime Minister Narendra Modi, three members of its staff said. The employees asked not to be identified because they were not authorized to speak publicly. Teams ... Read More »
Be the first to comment!Tory revelation a reminder of need for workplace relationship policies: experts
By The Canadian Press on February 14th, 2023
TORONTO – As Toronto Mayor John Tory prepares to step down after admitting to an “inappropriate relationship” with a former staffer, experts say preparation is key to protect both employees and employers from the risks such relationships create. There are no laws in Canada against workplace relationships, so it comes down to company policies to ... Read More »
Be the first to comment!Algoma Steel Group earnings drop for second straight quarter, production rebounding
By The Canadian Press on February 13th, 2023
SAULT STE. MARIE, Ont. – Algoma Steel Group reported a net loss of $69.8 million in its latest financial quarter compared with earnings of $123 million during the same period a year earlier. Earnings per diluted share were 64 cents, down from 92 cents a year earlier. The Sault Ste. Marie, Ont.-based steel producer says ... Read More »
1 responseCanadian government gives funding to help Vancouver’s Chinatown revitalization
By The Canadian Press on February 13th, 2023
VANCOUVER – The federal government is spending $1.8 million to help make Vancouver’s historic Chinatown lighter and brighter. Harjit Sajjan, minister responsible for the Pacific economic development agency of Canada, says the COVID-19 pandemic hit Chinatown particularly hard but the investment provides a first step toward a “renewed and reinvigorated” community. The Vancouver Chinatown Foundation ... Read More »
1 responseS&P/TSX composite posts small gain, U.S. markets rise more than one per cent
By The Canadian Press on February 13th, 2023
TORONTO – Broad-based strength helped Canada’s main stock index post a small gain Monday, while U.S. stock markets rose by more than one per cent. The S&P/TSX composite index was up 90.11 points at 20,702.23. In New York, the Dow Jones industrial average was up 376.66 points, or 1.1 per cent, at 34,245.93. The S&P ... Read More »
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