Barrick Gold reports US$368M Q3 profit, up from US$241M a year ago
By The Canadian Press on November 2nd, 2023
TORONTO – Barrick Gold Corp. reported a third-quarter profit of US$368 million, up from US$241 million a year earlier, helped by higher gold prices. The Toronto-based gold miner, which keeps its books in U.S. dollars, says the profit amounted to 21 cents per share, up from 14 cents per share a year earlier. Revenue totalled ... Read More »
Be the first to comment!Maple Leaf Foods reports $4.3M Q3 loss, sales edge higher from year ago mark
By The Canadian Press on November 2nd, 2023
TORONTO – Maple Leaf Foods Inc. reported a loss of $4.3 million in its latest quarter compared with a loss of $229.5 million a year earlier when the company took a large one-time, non-cash impairment charge related to its plant protein business. The company says the loss amounted to four cents per share for the ... Read More »
Be the first to comment!Greater Toronto home sales drop 5.8 per cent in October amid high borrowing costs
By The Canadian Press on November 2nd, 2023
TORONTO – Greater Toronto home sales fell 5.8 per cent last month compared with October 2022, with sales of townhouses recording the biggest decline. On a monthly basis, the Toronto Regional Real Estate Board says last month’s 4,646 home sales were relatively flat over the 4,631 sales in September. The board attributes the year-over-year slide ... Read More »
Be the first to comment!Minister promises changes to temporary visas, but no ‘draconian actions’
By Laura Osman, The Canadian Press on November 2nd, 2023
OTTAWA – Immigration Minister Marc Miller says he plans to recalibrate the number of people who come to Canada temporarily to make sure the program is sustainable, but details about what measures the government is considering remain unclear. Miller announced his intentions after he tabled the immigration targets for permanent residents Wednesday afternoon. The Immigration ... Read More »
Be the first to comment!Parkland Corp.’s third-quarter earnings double on strong refinery performance
By The Canadian Press on November 1st, 2023
CALGARY – Fuel retailer Parkland Corp. says its third-quarter earnings more than doubled in 2023 thanks to favourable market conditions and the company’s ongoing efforts to optimize its Burnaby refinery. The Calgary-based company reported net earnings of $230 million, or $1.31 per share, for the three months ended Sept. 30, up from $105 million in ... Read More »
Be the first to comment!Poilievre challenges Trudeau to lift carbon tax off all heating until next election
By Mia Rabson and Stephanie Taylor, The Canadian Press on November 1st, 2023
OTTAWA – The Conservatives moved Wednesday to make carbon pricing the ballot box question in the next federal election, seizing on public anxiety about affordability and seeing a crack in the Liberal government’s carbon-price armour. “A carbon tax election,” Leader Pierre Poilievre proposed in a speech to his caucus in Ottawa. Last week, the Liberals ... Read More »
Be the first to comment!Upcoming mortgage renewals part of why BoC held rate at 5%: Macklem
By The Canadian Press on November 1st, 2023
OTTAWA – Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is expected to have on the economy. Macklem appeared before a Senate committee alongside senior deputy governor Carolyn Rogers following the Bank ... Read More »
Be the first to comment!Nutrien sees earnings drop in third quarter as lower selling prices take a toll
By The Canadian Press on November 1st, 2023
SASKATOON – Nutrien Ltd. says it earned US$82 million in the third quarter, down from US$1.6 billion a year earlier. The Saskatoon-based company, which is the world’s largest fertilizer producer, says sales were US$5.6 billion, down 31 per cent from US8.2 billion. Diluted earnings per share were 15 cents US, down from US$2.94. Nutrien attributed ... Read More »
Be the first to comment!Spin Master reports higher third-quarter earnings but lowers full-year guidance
By The Canadian Press on November 1st, 2023
TORONTO – Spin Master Corp. says its net income for the third quarter was US$155.4 million, up from US$141.4 million from a year earlier. The Toronto-based toy and entertainmentcompany says revenue for the quarter ended Sept. 30 was US$710.2 million, up from US$624 million. Excluding its Paw Patrol movie, which came out at the end ... Read More »
Be the first to comment!Donald Trump Jr. testifies he never worked on the key documents in his father’s civil fraud trial
By Michael R. Sisak And Jennifer Peltz, The Associated Press on November 1st, 2023
NEW YORK (AP) – Donald Trump Jr. testified Wednesday that he never worked on his father’s financial statements, the documents at the heart of the civil fraud trial that threatens former President Donald Trump’s real estate empire. The ex-president’s eldest son is an executive vice president of the family’s Trump Organization and has been a ... Read More »
Be the first to comment!GFL Environmental reports revenue boost from price hikes
By The Canadian Press on November 1st, 2023
VAUGHAN, Ont. – Waste removal company GFL Environmental Inc. says it saw a boost in revenue last quarter thanks in part to higher prices. Revenue came in at $1.89 billion in the third quarter, up from $1.83 billion in the quarter last year, as it carried out an 8.8 per cent increase in its solid ... Read More »
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