Magna International Inc. says it recorded a net income of US$339 million in its latest quarter.The auto parts manufacturer, which keeps its books in U.S. dollars, says its second-quarter net […]
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Enbridge: Q2 Earnings Snapshot
Enbridge Inc. (ENB) on Friday reported second-quarter profit of $1.44 billion.The Calgary, Alberta-based company said it had net income of 68 cents per share. Earnings, adjusted for non-recurring gains, came […]
Calendar: Aug 7 – Aug 11
Monday August 7Canadian markets closed (Civic Holiday)(3 p.m. ET) U.S. consumer credit for June.Earnings include: Palantir Technologies Inc.—Tuesday August 8China’s CPI(8:30 a.m. ET) Canada’s merchandise trade balance for June.(8:30 a.m. […]
Ottawa guarantees an up to $3-billion fresh loan for Trans Mountain pipeline
Export Development Canada (EDC) has guaranteed fresh commercial loans of up to $3-billion to the controversial Trans Mountain pipeline expansion project that has suffered repeated cost overruns.The information disclosed by […]
Thomson Reuters reports higher second-quarter revenue as it pushes forward generative AI tools
Thomson Reuters Corp. TRI-T +1.74%increase reported higher second-quarter revenue and is sticking to its key financial targets for the year despite a slowing economy that has started to put modest pressure on the […]
Canadian Natural Resources’ second-quarter profit more than halves on lower energy prices
Canadian Natural Resources Ltd CNQ-T -2.25%decrease on Thursday posted a second-quarter profit that more than halved, as lower energy prices and drop in oil production squeezed the country’s largest oil and gas producer.Profits […]
Oil settle lower despite record US crude stock drawdown
Oil prices settled down 2% on Wednesday despite a historic drop in U.S. crude stocks, as traders derisk following the downgrade of the U.S. government’s top credit by a major […]
Nutrien’s woes mount, as fertilizer giant slashes capital expenditures, slashes profit forecast again
Nutrien Ltd. NTR-T +0.86%increase is indefinitely suspending plans to ramp up its potash production, cutting its capital expenditure and reducing its profit forecast yet again, as a prolonged slump in the global fertilizer […]
George Weston reports $498-million second-quarter profit, lower than year before
George Weston Ltd. WN-T +0.37%increase says its latest quarter delivered a profit attributable to common shareholders of $498-million.The company, which holds large stakes in Loblaw Cos. Ltd. L-T +0.51%increase and Choice Properties Real Estate Investment Trust, […]