Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,271.66, down 105.38 points). Aphria Inc. (TSX:APHA). Health care. Up $2.77, or 40.14 per cent, to $9.67 on 15.4 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down six cents, or 3.14 per cent, to $1.85 on 11.1 million shares. Encana Corp. (TSX:ECA). Energy. Down 10... Read More

Metro Vancouver home sales edge higher in July, prices still falling

Metro Vancouver home sales edge higher in July, prices still falling
VANCOUVER — Home sales in Metro Vancouver rebounded in July, making the traditionally slow selling period the second highest month for demand this year. Figures from the Greater Vancouver Real Estate Board show residential sales total 2,547 last month, a 23.5 per cent increase over the same time last year. Board president Ashley Smith says sales activity remains below the long-term average... Read More

Power Financial Q2 profit takes hit from sale of U.S. insurance business

Power Financial Q2 profit takes hit from sale of U.S. insurance business
MONTREAL — Power Financial Corp. says its net earnings decreased 33 per cent in the second quarter on lower revenues and a substantial charge resulting from the sale of its U.S. individual life insurance and annuity business. The Montreal-based company says it earned $443 million or 66 cents per share, down from $658 million or 92 cents per share a year earlier.... Read More

RioCan Real Estate Investment Trust reports higher Q2 profit

RioCan Real Estate Investment Trust reports higher Q2 profit
TORONTO — RioCan Real Estate Investment Trust reported its second-quarter profit rose from the same time a year ago, fuelled by higher gains on investment properties. The trust says it earned $253 million in net income or 83 cents per diluted unit, up from $111.4 million or 35 cents during the same period in 2018. Revenue during the quarter ended June 30 amounted to $272.4... Read More

Imperial Oil posts second-quarter beat on oilsands growth, Alberta tax cuts

Imperial Oil posts second-quarter beat on oilsands growth, Alberta tax cuts
CALGARY — Imperial Oil Ltd. is reporting second-quarter results that beat analyst expectations on the back of strong oilsands output and an allowance for lower future Alberta corporate taxes. The Calgary-based company, which is about 70 per cent owned by Texas-based Exxon Mobil Corp., reports net income in the three months ended June 30 of $1.2 billion on revenue of... Read More

Restaurant Brands reports US$257M Q2 profit, beats expectations as sales rise

Restaurant Brands reports US$257M Q2 profit, beats expectations as sales rise
TORONTO — Restaurant Brands International Inc., the owner of Tim Hortons, Burger King and Popeyes restaurants, says earnings rose in the second quarter to beat expectations as global sales across its brands grew eight per cent. The company, which reports in US dollars, says it had net income of $257 million, or 55 cents per share, in the quarter ending June 30,... Read More

Sale of B.C. hydroelectric project boosts Fortis Q2 profit to $720 million

Sale of B.C. hydroelectric project boosts Fortis Q2 profit to $720 million
ST. JOHN’S, N.L. — Canadian utility company Fortis Inc. says the sale of its share of a B.C. hydroelectric project helped boost its second-quarter profit to $720 million — nearly three times what it had in the same period last year. However, adjusted earnings and revenue for the Newfoundland-based company were below analysts’ estimates. The quarter included a $484-million after-tax gain... Read More

Enbridge helped by demand for pipeline capacity; Q2 adjusted earnings rise

Enbridge helped by demand for pipeline capacity; Q2 adjusted earnings rise
CALGARY — Enbridge Inc. says a number of unusual factors boosted its second-quarter profit to $1.74 billion, while operations also performed well amid strong demand for transporting crude oil through its pipeline systems. Net income attributable to common shares of the Calgary-based company was 86 cents per share. That was up from $1.07 billion or 63 cents per share in last year’s... Read More

Telus wireless additions beat estimates, tax break pushes up Q2 profit

Telus wireless additions beat estimates, tax break pushes up Q2 profit
VANCOUVER — Telus Corp. had a $517-million net profit attributable to common shareholders for the second quarter, which included growth in wireless subscriptions that beat analyst estimates. The Vancouver-based telecommunications company says the year-over-year increase included favourable income-tax related items. Net profit was equal to 86 cents per share, up from $390 million, or 66 cents per share in last year’s... Read More