Rogers Q1 profit, adjusted earnings soar on revenue growth

Rogers Q1 profit, adjusted earnings soar on revenue growth
TORONTO — Rogers Communications Inc. saw its first-quarter profit soar from the same time last year as its wireless division experienced a growth spurt that exceeded analyst estimates. The wireless, cable, internet and media company’s net profit was $425 million, up 37 per cent from $310 million in the comparable period last year. Adjusted earnings grew even more, rising by... Read More

Boralex signs deal to buy French wind power company Kallista Energy Investment

Boralex signs deal to buy French wind power company Kallista Energy Investment
MONTREAL — Boralex Inc. has signed a deal to acquire wind power company Kallista Energy Investment SAS from Ardian Infrastructure in a move to grow its operations in France. The Canadian power producer has agreed to pay $202 million and assume $146.7 million in project debt. The deal will give Boralex 163 megawatts of wind power projects in operation, a... Read More

Facebook executive and ex-Liberal adviser defends his access to Trudeau cabinet

Facebook executive and ex-Liberal adviser defends his access to Trudeau cabinet
OTTAWA — A Facebook executive with ties to the ruling Liberals was grilled today about his preferential access to senior members of the Trudeau cabinet, even though no one from the social-media giant, including himself, is a registered lobbyist in Canada. In his appearance before a parliamentary committee, Facebook Canada’s public policy head Kevin Chan was questioned by New Democrat MP Charlie Angus on why... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,353.30, up 52.92 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 49 cents, or 5.49 per cent, to $8.44 on 11.1 million shares. The medical marijauna producer says it is acquiring about 29 hectares of land in Medicine Hat, Alta., to build a new high-tech cannabis facility. Aurora says... Read More

IATA wants to join ICAO in creation of global registry for commercial drones

IATA wants to join ICAO in creation of global registry for commercial drones
MONTREAL — The association representing global airlines is proposing to work with the UN aviation agency to institute a global registry for commercial drones to preserve the safety of flight. IATA is scheduled to meet with the International Civil Aviation Organization on Wednesday to discuss creating a joint registry. Alexandre de Juniac, director general of the International Air Transportation Association,... Read More

Subscribe Technologies Acquires 100% Of Crypto-Powered Freelancer Platform GIGX

Subscribe Technologies Acquires 100% Of Crypto-Powered Freelancer Platform GIGX
Subscribe Technologies Inc. (CSE: SAAS, OTC Pink: SRBBF, Frankfurt: 6GQ) is pleased to announce the acquisition of GIGX, a crypto-powered, tokenized freelancer platform. The gig economy is a growing online ecosystem through which companies offer temporary and often short term employment opportunities to independent freelance workers across borders, and around the globe. At present, some 53 million Americans or 34... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,300.38, up 26.41 points) Pure Industrial Real Estate Trust (TSX:AAR.UN). Real Estate. Down one cent, or 0.12 per cent, to $8.07 on 11.7 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 20 cents, or 2.29 per cent, to $8.93 on 11.6 million shares. Neovasc Inc. (TSX:NVC). Medical devices. Down... Read More

Rogers Communications to test 5G tech in Toronto, Ottawa and other cities

Rogers Communications to test 5G tech in Toronto, Ottawa and other cities
TORONTO — Rogers Communications Inc. says it expects to test new high-speed 5G wireless networks in Toronto, Ottawa and other select cities over the next year. The company says it’s working with Swedish telecommunications giant Ericsson in a multi-year network plan. Rogers is using the Rogers Centre, home to the Toronto Blue Jays, as a 5G test lab to assess how... Read More

Cogeco Q2 profit surges on benefit of U.S. tax reforms and higher revenues

Cogeco Q2 profit surges on benefit of U.S. tax reforms and higher revenues
MONTREAL — Cogeco Communications Inc. net earnings surged in the second quarter thanks largely to deferred income taxes related to U.S. tax reforms. The Montreal-based company says its earnings attributable to shareholders were $138.9 million, up from $76.7 million a year ago. That equalled $2.79 per diluted share for the period ended Feb. 28, compared to $1.55 per share a year earlier.... Read More

AP FACT CHECK: Facebook makes shaky data and privacy claims

AP FACT CHECK: Facebook makes shaky data and privacy claims
Facebook CEO Mark Zuckerberg made several assertions about Facebook’s data collection and privacy controls during two days of hearings on Capitol Hill. Those included claims that Facebook lets you download your data and take it elsewhere; that users can turn off data collection for advertising purposes; and that Facebook tracks users even when they’re not on Facebook itself, but only... Read More