Amazon to close all its pop-up shops

Amazon to close all its pop-up shops
NEW YORK — Amazon said Wednesday that it will shut down all its pop-up shops and focus on opening more of its bookstores as it rethinks its brick-and-mortar strategy. The online retail giant has 87 pop-up shops in malls, Whole Foods grocery stores and Kohl’s department stores that sell Amazon’s Echo voice-activated devices, Kindle tablets and other gadgets. Amazon did... Read More

Zuckerberg promises a privacy-friendly Facebook, sort of

Zuckerberg promises a privacy-friendly Facebook, sort of
SAN FRANCISCO — Mark Zuckerberg said Facebook will start to emphasize new privacy-shielding messaging services, a shift apparently intended to blunt both criticism of the company’s data handling and potential antitrust action. In effect, the Facebook co-founder and CEO promised to transform a service known for devouring the personal information shared by its users. Going forward, he said, it will... Read More

Spin Master reports earnings drop as it feels impact of U.S. toy store closures

Spin Master reports earnings drop as it feels impact of U.S. toy store closures
TORONTO — Spin Master Corp. says recent earnings have been hit by the impact of the Toys R Us liquidation in the U.S. and it expects the retail disruption to continue into the first half of this year. The Toronto-based toy and entertainment company says net income for the fourth quarter was US$11.4 million or 11 diluted cents per share, down... 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 (16,092.07, up 5.53 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 21 cents, or 1.94 per cent, to $10.59 on 30.2 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down 12 cents, or 4.07 per cent, to $2.83 on 13.4 million shares. Encana Corp. (TSX:ECA). Energy. Down 40 cents, or... Read More

Aecon notches record revenues as it takes on higher-risk infrastructure projects

Aecon notches record revenues as it takes on higher-risk infrastructure projects
MONTREAL — On the heels of record annual revenues and successful project bids, Aecon Group Inc. says it is not yet feeling any pressure from high-risk, fixed-bid infrastructure contracts it will face over the next couple of years. “So far, none of those big jobs have experienced…problems during the beginning of the execution,” Jean-Louis Servranckx, who came on board as CEO... Read More

Pengrowth launches review after debt refinancing fails amid plunging oil prices

Pengrowth launches review after debt refinancing fails amid plunging oil prices
CALGARY — Pengrowth Energy Corp. has launched a strategic review of options that could include the sale of the company after failing to renegotiate its high debt load amid plunging western Canadian oil prices late last year. The Calgary-based company, which has reduced production at its key Lindbergh steam-driven heavy oil project in eastern Alberta to comply with the province’s oil curtailment... Read More

Central bank predicts longer slump and more uncertainty about future rate hikes

Central bank predicts longer slump and more uncertainty about future rate hikes
OTTAWA — The Bank of Canada is leaving its key interest rate unchanged in the wake of an abrupt economic deceleration that it says is injecting more uncertainty about the timing of future rate hikes. The central bank also told Canadians on Wednesday that they should to expect a bleaker economic performance in the months ahead. The bank now believes the weakness will last through the... Read More

Aecon engineering firm notches record revenues and contract bookings in 2018

Aecon engineering firm notches record revenues and contract bookings in 2018
MONTREAL — Aecon Group Inc. said it notched record annual revenues in 2018, allowing it to raise its quarterly dividend by two cents per share to 14.5 cents. The engineering firm logged a 16 per cent year-over-year increase in revenues to $3.27 billion last year, up from $2.81 billion in 2017. For the quarter ended Dec. 31, it said revenues rose 38 per... Read More