Fourth Quarter HighlightsAdjusted funds from operations of $4.0 billion, including a one-time tax benefit of $880 million. Returned $1.1 billion to shareholders; $704 million in dividends and $375 million in share […]
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Gildan Activewear reports Q4 profit up from year ago, raises quarterly dividend
Gildan Activewear Inc. raised its quarterly dividend 10 per cent as it reported a fourth-quarter profit of US$153.3 million, up from US$83.9 million a year earlier.The clothing maker says it […]
First Quantum reports US$1.45-billion Q4 loss on Panama issues
First Quantum Minerals Ltd. says it lost US$1.45 billion in the last quarter of 2023, and warned its ability to continue operating could be in doubt if it is unable […]
Great-West Lifeco reports record base earnings in the fourth quarter of 2023; announces 7% dividend increase
This earnings news release for Great-West Lifeco Inc. should be read in conjunction with the Company’s Management Discussion & Analysis (MD&A) and Consolidated Financial Statements for the periods ended December […]
Canada’s inflation rate fell to 2.9% in January. Here’s what happens next
Canada’s inflation rate fell to a surprising degree in January and returned to the Bank of Canada’s target range, highlighted by a moderation at the supermarket.The Consumer Price Index rose 2.9 per […]
Magnificent 7 profits now exceed almost every country in the world. Should we be worried?
The so-called “Magnificent 7” U.S. tech behemoths encompass Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla. In a research note Tuesday, Deutsche Bank analysts highlighted that the Magnificent 7′s combined […]
Economic Calendar: Feb 19 – Feb 23
Monday February 19China’s current account balanceJapan machine tool ordersU.S. and Canadian markets closed.(8:30 a.m. ET) Canada’s industrial product and raw materials price indexes for January. Estimates are month-over-month increases of […]
TC Energy reports $1.46B Q4 profit, raises quarterly dividend
TC Energy Corp. raised its dividend as it reported a fourth-quarter profit of $1.46 billion.The pipeline operator says it will now pay a quarterly dividend of 96 cents per share, […]
Air Canada reports $184M Q4 profit, operating revenue up 11% from year earlier
Air Canada reported a fourth-quarter profit of $184 million, up from $168 million a year earlier, as its operating revenue rose 11 per cent.The airline says the profit amounted to […]