Bell, big cable networks ask government to overrule CRTC on wholesale rates

Bell, big cable networks ask government to overrule CRTC on wholesale rates
TORONTO — Canada’s largest telecommunications companies formally asked the federal cabinet on Wednesday to overturn a regulatory decision that slashes what they can charge their smaller competitors for access to their high-speed fibre networks. BCE Inc.’s Bell Canada and a group of other carriers want the government to restore interim wholesale rates and order a further review by the Canadian Radio-television and Telecommunications Commission. They... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,957.99, up 48.61 points.) Enbridge Inc. (TSX:ENB). Energy. Up 70 cents, or 1.38 per cent, to $51.37 on 8.8 million shares. Encana Corp. (TSX:ECA). Energy. Down 11 cents, or 1.84 per cent, to $5.86 on 5.2 million shares. Bombardier Inc. (TSX:BBD.B). Industrials, Up five cents, or 2.58 per cent, to... Read More

TSX and Dow hit record high as investors shrug off trade troubles

TSX and Dow hit record high as investors shrug off trade troubles
TORONTO — Two of North America’s main stock indexes hit record highs on Wednesday as investors shrugged off reports of challenges in negotiations between the world’s two largest economies. The S&P/TSX composite index closed up 48.61 points to 16,957.99 after hitting an intraday high of 16,987.29. In New York, the Dow Jones industrial average was up 92.10 points at 27,783.59 after hitting an intraday record of... Read More

Home Capital shares up as Q3 earnings rise, mortgage originations up

Home Capital shares up as Q3 earnings rise, mortgage originations up
TORONTO — Home Capital Group Inc. shares surged Wednesday after the company announced better-than-expected earnings and a share buyback program. The alternative lender’s shares ended up $4.15, or 14.3 per cent at $33.15 on the Toronto Stock Exchange to mark a significant rebound from a share plunge two years ago when the company’s future was in doubt. In 2017, Home Capital fired its... Read More

Drilling association forecasts almost no growth in 2020 oilpatch activity

Drilling association forecasts almost no growth in 2020 oilpatch activity
CALGARY — The association that represents Canadian drilling companies is forecasting a minuscule improvement in drilling activity in 2020. The Canadian Association of Oilwell Drilling Contractors says it expects a total of nine more wells to be drilled next year, taking the total number to 4,905. The stand-pat forecast is more positive than one released two weeks ago by the Petroleum Services Association of... Read More

Home Capital reports Q3 profit up from year ago, mortgage originations up

Home Capital reports Q3 profit up from year ago, mortgage originations up
TORONTO — Home Capital Group Inc. reported its third-quarter profit rose compared with a year ago as its mortgage originations also climbed higher. The alternative mortgage lender says it earned $39 million or 67 cents per diluted share for the quarter ended Sept. 30, up from a profit of $32.6 million or 41 cents per diluted share in the same quarter... Read More

Loblaw Companies reports $331M Q3 profit, revenue up 2.3 per cent

Loblaw Companies reports $331M Q3 profit, revenue up 2.3 per cent
BRAMPTON, Ont. — Loblaw Companies Ltd. reported a third-quarter profit of $331 million as revenue rose 2.3 per cent, helped by higher sales at its Shoppers Drug Mart stores. The drug store and grocery retailer says the profit amounted to 90 cents per share for the 16-week period ended Oct. 5. That compared with a profit of $106 million or 28... Read More

Canada Goose reports $60.6M Q2 profit, revenue up more than 25 per cent

Canada Goose reports $60.6M Q2 profit, revenue up more than 25 per cent
TORONTO — Canada Goose Holdings Inc. topped expectations as it reported a $60.6-million second-quarter profit after its revenue grew more than 25 per cent compared with a year ago. The luxury parka company says its profit amounted to 55 cents per diluted share for the quarter ended Sept. 29 compared with a profit of $49.9 million or 45 cents per diluted... Read More

CAE Inc. reports second-quarter profit and revenue up from year ago

CAE Inc. reports second-quarter profit and revenue up from year ago
MONTREAL — CAE Inc. says its second-quarter profit rose nearly 22 per cent from the same time last year as its civil aviation business led revenue growth. The simulator and training company said it earned a profit attributable to shareholders of $73.8 million or 28 cents per share for the quarter, up from $60.7 million or 23 cents per share last year.... Read More