Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,321.75, down 75.65 points). Crescent Point Energy Corp. (TSX:CPG). Up 26 cents, or 5.17 per cent, to $5.29 on 12.1 million shares. Encana Corp. (TSX:ECA). Energy. Down 21 cents, or 2.28 per cent, to $9.01 on 7.3 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Down 21... Read More

Auto parts maker Magna International reduces profit guidance for 2019

Auto parts maker Magna International reduces profit guidance for 2019
AURORA, Ont. — Magna International Inc. cut its outlook for the year as it lowered its expectations for auto production and reported sales in its latest quarter fell compared with a year ago. The auto parts company, which reports in U.S. dollars, says it now expects a profit this year between US$1.9 billion and $2.1 billion, compared with earlier expectations for... Read More

Just add water: Salt battery could help renewable energy use

Just add water: Salt battery could help renewable energy use
BERLIN — Amid the hum and heat of Berlin’s Reuter thermal power station stands a shining contraption that looks out of place in the decades-old machine hall. Its silver pipes and vats contain a substance that Vattenfall, the plant’s operator, says could become a key ingredient for a fossil fuel-free future. The energy company, together with a Swedish start-up, is... Read More

Globe and Mail offers voluntary buyouts in effort to save $10M annually

Globe and Mail offers voluntary buyouts in effort to save $10M annually
TORONTO — The Globe and Mail has offered its employees a voluntary severance program in an effort to cut costs. Globe employees were told Wednesday that the newspaper is looking to cut $10 million annually from its operating budget. A Globe spokeswoman says employees have until May 29 to enrol in the voluntary program and the company will decide in July... Read More

Athabasca Oil reports $206.8M Q1 profit compared with $93.3M loss a year ago

Athabasca Oil reports $206.8M Q1 profit compared with $93.3M loss a year ago
CALGARY — Athabasca Oil Corp. reported a profit of $206.8 million in its latest quarter, boosted by the sale of its Leismer pipelines and Cheecham storage terminal in northern Alberta. The company says the profit amounted to 39 cents per diluted share for the quarter ended March 31 compared with a loss of $93.3 million or 18 cents per diluted... Read More

Quebecor reports Q1 profit up from year ago, doubles quarterly dividend

Quebecor reports Q1 profit up from year ago, doubles quarterly dividend
MONTREAL — Quebecor Inc. more than doubled its dividend as it reported its first-quarter profit rose compared with a year ago. The media and telecommunications company says it will now pay a quarterly dividend of 11.25 cents per share, up from 5.5 cents. The increased payment to shareholders came as Quebecor says it earned $189.0 million or 74 cents per... Read More

Telus reports first-quarter profit and revenue up, raises dividend

Telus reports first-quarter profit and revenue up, raises dividend
VANCOUVER — Telus Corp. raised its dividend as it reported a first-quarter profit of $437 million, up from $412 million a year ago. The telecommunications company will now pay a quarterly dividend of 56.25 cents per share, up from 54.5 cents per share. Telus says its profit for the quarter amounted to 71 cents per share for the quarter ended... Read More