US brings new charges against Chinese tech giant Huawei

US brings new charges against Chinese tech giant Huawei
WASHINGTON — The Justice Department has added new criminal charges against Chinese tech giant Huawei and several subsidiaries, accusing the company in a brazen scheme to steal trade secrets from competitors in America, federal prosecutors announced Thursday. The company also provided surveillance equipment to Iran that enabled the monitoring of protesters during 2009 anti-government demonstrations in Tehran, according to the... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (17,821.17, down 11.68 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 10 cents, or 6.37 per cent, to $1.67 on 32.3 million shares. Enbridge Inc. (TSX:ENB). Energy. Down $1.38, or 2.42 per cent, to $55.75 on 14.6 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Down 47 cents, or 1.77 per cent, to... Read More

Telus won’t say when its 5G phones are coming, unlike rivals Rogers, Bell

Telus won’t say when its 5G phones are coming, unlike rivals Rogers, Bell
Telus Corp. won’t “pre-announce” details of its launch of fifth-generation wireless services and devices, chief executive Darren Entwistle told analysts Thursday, citing the intensely competitive marketplace that it’s facing. His reluctance to say when Telus will have 5G phones and services ready is a contrast to this week’s announcements that Rogers and Bell Canada will have several models of Samsung 5G phones for sale in... Read More

Great Atlantic Closes $1 Million Financing

Great Atlantic Closes $1 Million Financing
VANCOUVER – Great Atlantic Resources Corp. is pleased to announce that is has closed the second, third and final tranches of the non-brokered private placement previously announced on January 13, 2020 for gross proceeds of $790,000. The units of the financing are comprised of one common share at a price of $0.50 and a full share purchase warrant, which... Read More

Canadian Tire fourth-quarter profit beats expectations, revenue falls short

Canadian Tire fourth-quarter profit beats expectations, revenue falls short
TORONTO — Canadian Tire Corp. saw its profit grow beyond analyst expectations in its most recent quarter, though its revenue missed the mark. The Toronto-based retailer reported profit attributable to shareholders of $334.1 million or $5.42 diluted earnings per share for the quarter ended Dec. 28. That’s compared with $254.3 million or $3.99 for the same quarter the previous year.... Read More

TC Energy matches $1.1 billion fourth-quarter profit, beats analyst estimates

TC Energy matches $1.1 billion fourth-quarter profit, beats analyst estimates
CALGARY — Pipeline and power company TC Energy Corp. is reporting net income of $1.1 billion in the three months ended Dec. 31, matching its performance in the same period of 2018. The Calgary-based company’s reported earnings per share were $1.18, down a penny from the year-earlier period but well ahead of analyst expectations of $1.03, according to financial markets data... Read More

Budget watchdog slashes economic growth projections, blames temporary factors

Budget watchdog slashes economic growth projections, blames temporary factors
OTTAWA — Canada’s budget watchdog says economic growth during the final quarter of 2019 will be “significantly weaker” than predicted in its fall report. In its latest report on near-term growth, the parliamentary budget office says real GDP growth in the final three months of last year will likely come in at near-stagnant levels, at an annual rate of 0.3... Read More

If you haven’t started saving for retirement, don’t panic, but get a plan

If you haven’t started saving for retirement, don’t panic, but get a plan
OTTAWA — Canadians are bombarded by advertising preaching the virtues of starting to save for retirement early, letting the benefits of time and compound interest work in their favour. But sometimes life happens and saving for retirement finds itself on the backburner in favour of day-to-day expenses such as daycare or urgent home repairs, while retirement seems like a faraway deadline. If... Read More

Aurora reports Q2 loss following layoffs, writedown and CEO departure

Aurora reports Q2 loss following layoffs, writedown and CEO departure
EDMONTON — Aurora Cannabis Inc. says it incurred a loss in its second quarter that was fuelled by a recent $1-billion writedown taken by the company. The Edmonton-based business says net revenue for the three months ended Dec. 31 was $56 million, up from $54.2 million a year earlier but down from roughly $75 million in the prior quarter ended Sept. 30. The... Read More

Telus Q4 profit, revenue up but adjusted net income falls below estimates

Telus Q4 profit, revenue up but adjusted net income falls below estimates
VANCOUVER — Telus Corp. reports it had $379 million of net income in the fourth quarter, up three per cent from $368 million a year earlier, but its adjusted earnings were down and missed analyst estimates. Profit attributable to Telus common shares amounted to $368 million or 61 cents per share, up from $357 million or 60 cents per share... Read More