SNC-Lavalin shares hit 10-year low after warning profits will be even thinner

SNC-Lavalin shares hit 10-year low after warning profits will be even thinner
MONTREAL — SNC-Lavalin Group Inc. has slashed its profit forecast again due to problems at a Chilean mining project, plunging its share price to a 10-year low as the beleaguered engineering giant faces obstacles at home and abroad. The Montreal-based company reduced its guidance for 2018 by more than 40 per cent Monday and halted all bidding on future mining projects.... 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 (15,568.85, down 64.48).   Aurora Cannabis Inc. (TSX:ACB). Health care. Down 45 cents, or 4.52 per cent, to $9.50 on 19 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down six cents, or 2.91 per cent, to $2 on 8.4 million shares. Solium Capital Inc. (TSX:SUM). Technology. Up $5.76, or... Read More

Bombardier and Swiss Railways apologize for new trains’ lacklustre track record

Bombardier and Swiss Railways apologize for new trains’ lacklustre track record
BERLIN — Swiss Federal Railways and Bombardier Inc. say that new train deliveries may not resume for some time, apologizing to passengers as the vehicles fail to live up to expectations. Following a joint presentation to Swiss parliament, executives said in a statement that “it will still be a while before the train can satisfy all aspects” of Switzerland’s customer... Read More

Nickelodeon signs deal for new animated kids series from DHX Media, Cartoon Saloon

Nickelodeon signs deal for new animated kids series from DHX Media, Cartoon Saloon
HALIFAX — Nickelodeon International has agreed to buy international rights to the new “Dorg Van Dango” animated kids program that’s being co-produced by DHX Media and Cartoon Saloon. DHX Media’s studio in Vancouver will create the voice and visual portions of the new series for six- to 11-year-olds, in collaboration with Cartoon Saloon of Ireland. DHX Media’s Vancouver animation studio, which employs 700, also produces “Mega Man:... Read More

EPA decision soon on chemical compounds tied to health risks

EPA decision soon on chemical compounds tied to health risks
WASHINGTON — The chemical compounds are all around you. They’re on many fabrics, rugs and carpets, cooking pots and pans, outdoor gear, shampoo, shaving cream, makeup and even dental floss. Increasing numbers of states have found them seeping into water supplies. There’s growing evidence that long-term exposure to the perfluoroalkyl and polyfluoroalkyl compounds, or PFAS, can be dangerous, even in... Read More

Toronto stock market edges lower, U.S. markets mixed in late-morning trading

Toronto stock market edges lower, U.S. markets mixed in late-morning trading
TORONTO — Canada’s main stock index edged lower in late-morning trading amid weakness in the key materials sector and the health-care sector, which includes many of the big names in the marijuana industry. The S&P/TSX composite index was down 3.57 points at 15,629.76. In New York, the Dow Jones industrial average was down 47.33 points at 25,059.00. The S&P 500... Read More

Cameco Corp. beats estimates, BMO raises target on improve balance sheet

Cameco Corp. beats estimates, BMO raises target on improve balance sheet
SASKATOON — Cameco Corp. beat analyst expectations in its fourth quarter results as it continues to grapple with a challenging uranium market. The company reported net earnings of $160 million for the quarter ending Dec. 31, compared with a loss of $62 million for the same quarter a year earlier. Adjusted net earnings were $202 million, or 51 cents per... Read More

Morgan Stanley buying Calgary-based Solium Capital for $1.1 billion

Morgan Stanley buying Calgary-based Solium Capital for $1.1 billion
CALGARY — U.S. bank Morgan Stanley has signed a deal to buy Calgary-based Solium Capital Inc. in a cash deal valued at about $1.1 billion. Under the agreement, Morgan Stanley will pay $19.15 per share for Solium, which helps companies manage employee stock plans. Solium shares closed at $13.36 on the Toronto Stock Exchange on Friday. Solium CEO Marcos Lopez says the... Read More

Restaurant Brands reports US$163M Q4 profit, narrowly tops expectations

Restaurant Brands reports US$163M Q4 profit, narrowly tops expectations
TORONTO — Restaurant Brands International Inc., the company behind Tim Hortons, Burger King and Popeyes restaurants, narrowly topped profit expectations as it reported its fourth-quarter results. The company, which keeps its books in U.S. dollars, says its profit attributable to common shareholders amounted to US$163 million or 64 cents per diluted share for the quarter ended Dec. 31. That compared... Read More

More technology coming to mortgage industry but clients still want human touch

More technology coming to mortgage industry but clients still want human touch
TORONTO — Sometime in the near future, the majority of mortgage applications in Canada will be completed online or with a chatbot, mortgage expert Rob McLister predicts. McLister, who runs mortgage comparison website RateSpy.com, says unlike the United States and the United Kingdom, Canada has been slow to adopt technology — whether its using artificial intelligence or online applications — in the... Read More