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TC Energy forecasts higher 2025 core profit on natural gas, electricity demand
TC Energy TRP-T said on Tuesday it expects 2025 core profit to be in the range of about $10.7-billion to $10.9-billion, higher than its 2024 forecast of $9.9-billion to $10.1-billion, due to […] This post is only…
Inflation rises to 2 per cent, dulling case for big BoC rate cut
Canada’s inflation rate perked up in October, weakening the case for the Bank of Canada to make another outsized cut to interest rates next month.The Consumer Price Index rose at an annual rate of […] This post is only…
Calendar: Nov 18 – Nov 22
Monday November 18Japan core machine ordersEuro zone trade surplus(8:15 a.m. ET) Canadian housing starts for October. Estimate is an annualized rate rise of 2.8 per cent.(8:30 a.m. ET) Canada’s international […] This post is only…
Intact Financial Corporation reports Q3-2024 results
TORONTO, Nov. 5, 2024 /CNW/ – (TSX: IFC) HighlightsOrganic operating DPW1,2 growth of 6%, excluding acquisitions and exits, led by continued momentum in Personal lines Combined ratio1 of 103.9% included 22 points of catastrophe losses, offsetting […] This post is only…
MDA reports $29.5M Q3 profit, revenue up nearly 40 per cent from year ago
MDA Space Ltd. reported $29.5 million in third-quarter net income, up from $9.3 million in the same quarter last year, as its revenue rose by nearly 40 per cent compared […] This post is only…
U.S. gasoline inventories hit two-year low amid surprise fuel drawdown, EIA says
U.S. gasoline inventories fell to their lowest levels in two years as fuel supplies drew down unexpectedly last week amid strong demand, while crude oil stockpiles rose by more than […] This post is only…
Ovintiv consolidates holdings with $3.3-billion Montney buy, $2.8-billion Uinta sale
Ovintiv Inc. OVV-T +3.25%increase is streamlining its operations with a deal to buy assets in Alberta’s Montney region while off-loading its holdings in Utah.The oil and gas producer said Thursday it was paying […] This post is only…
ATCO REPORTS THIRD QUARTER 2024 EARNINGS
ATCO Ltd. (ATCO or the Company) today announced third quarter 2024 adjusted earnings of $91 million ($0.81 per share), $10 million ($0.10 per share) higher compared to $81 million ($0.71 per share) in the third quarter of 2023.Read more […] This post is only…
Brookfield Corp. reports Q3 distributable earnings up from year ago
Brookfield Corp. reported its third-quarter distributable earnings totalled US$1.33 billion, up from $1.15 billion in the same quarter a year ago.The global investment firm, which keeps its books in U.S. […] This post is only…