Air Canada CEO brushes off trade woes amid higher revenues and lower profits

Air Canada CEO brushes off trade woes amid higher revenues and lower profits
MONTREAL — The head of Canada’s largest airline brushed off concerns around U.S.-China trade woes and wavering stock markets, saying demand for Air Canada flights will hold firm in the near term. “The trade dispute, the softening of the economy, the bumpy equity markets the last few weeks — despite that, in our markets we continue to see strong demand,”... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,027.28, up 132.78 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 97 cents, or 12.2 per cent, to $8.94 on 32.9 million shares. Aphria Inc. (TSX:APH). Health care. Up $2.39, or 18 per cent, to $15.70 on 13.8 million shares. RNC Minerals. (TSX:RNX). Metals. Up eight cents, or 13.56 per... Read More

TSX ends scary October with second day of triple-digit gains; U.S. also rises

TSX ends scary October with second day of triple-digit gains; U.S. also rises
TORONTO — Canada’s main stock index ended a frightening October trading session on a positive by posting a triple-digit gain for a second day in a row. October is typically a seasonally weak month, but heading into Halloween day trading it was the worst in a decade before the uptick. The S&P/TSX composite index closed up 132.78 points to 15,027.28... Read More

NEB energy forecast calls for more clean power and more oil output by 2040

NEB energy forecast calls for more clean power and more oil output by 2040
CALGARY — The National Energy Board says renewable sources of electricity in Canada will grow over the next 20 years but so will Canadian oil and natural gas production. In a new report, the national regulator says Canadians will learn to use less energy, even as the economy grows, through to 2040. Under its reference or base case, the NEB predicts total Canadian... Read More

Failure to report Canadian privacy breaches could mean big fines after Nov. 1

Failure to report Canadian privacy breaches could mean big fines after Nov. 1
TORONTO — After more than three years of legislative fine-tuning, Canadian businesses will be required as of Thursday to alert their customers and the federal privacy watchdog if there’s a danger that personal information under an organization’s control has fallen into the wrong hands. Failure to report the potential for significant harm could expose private-sector organizations to fines of up... Read More

RioCan Real Estate Investment trust reports Q3 profit down from year ago

RioCan Real Estate Investment trust reports Q3 profit down from year ago
TORONTO — RioCan Real Estate Investment Trust reported a third-quarter profit of $130.3 million, down from $184.6 million a year ago. The shopping mall owner says the profit amounted to 41 cents per unit for the quarter ended Sept. 30 compared with a profit of 56 cents per unit a year ago. Funds from operations totalled $147.3 million or 47... Read More

Air Canada Q3 profit down from a year ago, operating revenue up 11 per cent

Air Canada Q3 profit down from a year ago, operating revenue up 11 per cent
MONTREAL — Air Canada saw its third-quarter profit drop compared with a year ago amid rising fuel prices as operating revenue climbed 11 per cent. The airline reported a profit of $645 million or $2.34 per diluted share for the quarter, which ended Sept. 30. That’s compared with a profit of $1.72 billion or $6.22 per diluted share a year ago, when... Read More

Molson Coors reports third-quarter profit up from year ago, tops expectations

Molson Coors reports third-quarter profit up from year ago, tops expectations
MONTREAL — Molson Coors Brewing Co. topped expectations as it reported its third-quarter profit increased compared with a year ago, helped by higher sales. The brewer, which keeps its books in U.S. dollars, says it earned US$338.3 million or $1.56 per diluted share for the quarter ended Sept. 30. That compared with a profit of $287.0 million or $1.33 per... Read More

Barrick boosts dividend payout offer to Randgold shareholders ahead of vote

Barrick boosts dividend payout offer to Randgold shareholders ahead of vote
TORONTO — Barrick Gold Crop. has enriched its offer to shareholders of Randgold Resources Ltd. ahead of a vote on a proposed merger. Toronto-based Barrick says Randgold shareholders will receive US$2.69 per share, up from the original proposal of US$2 per share. The company says the increased offer would match what Randgold shareholders would expect to receive as dividend payments without... Read More