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 (17,832.85, up 55.74 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 15 cents, or 10.56 per cent, to $1.57 on 29.8 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Down 28 cents, or 1.04 per cent, to $26.62 on 10.5 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up 12 cents, or... Read More

Barrick Gold beats Q4 forecasts on higher production and gold prices

Barrick Gold beats Q4 forecasts on higher production and gold prices
TORONTO — The formation of the Nevada Gold Mines joint venture last year, along with strong performances from Latin American, Asia Pacific and Africa/Middle East operations, helped Barrick Gold Corp. beat analyst expectations in the fourth quarter. The Toronto-based miner reported Wednesday gold production of 5.465 million ounces in 2019, at the top end of its guidance range, while copper production of 432... Read More

Bombardier to make a ‘positive’ announcement this week, says Quebec minister

Bombardier to make a ‘positive’ announcement this week, says Quebec minister
MONTREAL — Quebec Economy Minister Pierre Fitzgibbon says “positive” news for the province will likely be announced Thursday by Bombardier when the aircraft and train manufacturer releases its financial results. The minister says he has read “all the information” but that he is “not comfortable talking about it yet,” opting to leave the announcement to the company. Fitzgibbon, asked Wednesday... Read More

Study shows explosive growth in time spent streaming TV

Study shows explosive growth in time spent streaming TV
NEW YORK — Streaming services like Netflix or Hulu account for 19% of television viewing in the United States now for people who have that capacity, virtually double what it was less than two years ago, a report out Wednesday said. A Nielsen company study illustrated how quickly consumers have embraced streaming as an alternative to live TV. The percentage... Read More

Great Atlantic drills 2.30 g/t Gold Over 25.25 meters on Golden Promise Gold Property Newfoundland

Great Atlantic drills 2.30 g/t Gold Over 25.25 meters on Golden Promise Gold Property Newfoundland
VANCOUVER, GREAT ATLANTIC RESOURCES CORP. is pleased to announce it has received analytical results for the fourth drill hole (GP19-140) completed during the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the Jaclyn Main Zone. GP19-140 intersected a near-surface interval with five gold... Read More

Cenovus Energy reports $113M fourth-quarter profit, total production up

Cenovus Energy reports $113M fourth-quarter profit, total production up
CALGARY — Cenovus Energy Inc. reported a fourth-quarter profit of $113 million compared with a loss of nearly $1.36 billion in the same quarter a year earlier. The oilsands company says the profit amounted to nine cents per share for the quarter ended Dec. 31 compared with a loss of $1.10 per share in the fourth quarter of 2018. Total... Read More

Shopify reports Q4 profit of US$771,000, revenue up 47 per cent from year ago

Shopify reports Q4 profit of US$771,000, revenue up 47 per cent from year ago
Shopify Inc.’s stock skyrocketed to a record level after the e-commerce company reported 47 per cent revenue growth compared with the same quarter last year. The Ottawa-based retail technology business saw its stock spike by more than 17 per cent to reach $771.81 in early trading on Wednesday morning. The jump followed Shopify, which keeps its books in U.S. dollars, reporting that its revenue totalled nearly US$505.2 million... Read More

Flair Airlines pulling out of Abbotsford as competition with Swoop takes off

Flair Airlines pulling out of Abbotsford as competition with Swoop takes off
EDMONTON — Flair Airlines Ltd. is pulling out of the airport in Abbotsford, B.C., due to a lack of passengers and intense competition from rival budget carrier Swoop. Flair CEO Jim Scott cites an intense focus on the Abbotsford-Edmonton route by its competitor, a subsidiary of WestJet Airlines Ltd., resulting in a glut of cheap tickets. Flair operates 12 flights between the two... Read More

Cineplex Q4 profit down from year ago due in part to Cineworld deal costs

Cineplex Q4 profit down from year ago due in part to Cineworld deal costs
TORONTO — Cineplex Inc. reported its fourth-quarter profit fell compared with a year ago due in part to costs related to the takeover of the movie theatre company by U.K.-based Cineworld PLC in a deal valued at $2.8 billion including debt. The Canadian company says it earned $3.5 million or six cents per diluted share for the quarter ended Dec.... Read More

Japan confirms 39 new virus cases, 174 total on cruise ship

Japan confirms 39 new virus cases, 174 total on cruise ship
TOKYO — Japan’s health ministry said Wednesday that 39 new cases of a virus have been confirmed on a cruise ship quarantined at a Japanese port. The update brings the total found on the Diamond Princess to 174 cases. The ministry also said the virus was confirmed in a official who participated in the initial quarantine checks the night the... Read More