Cameco losses mount to $53 million in second quarter despite surge in revenues

Cameco losses mount to $53 million in second quarter despite surge in revenues
SASKATOON — Cameco Corp. missed earnings expectations as it lost $53 million in the second quarter despite a 35 per cent growth in revenues. The Saskatoon-based uranium miner says it lost 13 cents per share for the period ended June 30, compared with a loss of six cents per share or $23 million a year earlier. Chief executive Tim Gitzel... Read More

RioCan swings to $350.8-million loss in Q2 amid rent deferrals caused by COVID-19

RioCan swings to $350.8-million loss in Q2 amid rent deferrals caused by COVID-19
TORONTO — RioCan REIT swung to a large loss in its latest quarter amid rent deferrals resulting from COVID-19 lockdowns. RioCan Real Estate Investment Trust says it collected about 73 per cent of rent due in April, May and June, calling the period “the most challenging quarter ever” for many tenants. “The orderly reconfiguration of certain declining retail concepts has... Read More

Sun Life becomes minority owner of Montreal-based telemedicine business Dialogue

Sun Life becomes minority owner of Montreal-based telemedicine business Dialogue
MONTREAL — Dialogue Technologies Inc. says it has formed a partnership with Sun Life Financial Inc. that will see the insurance provider become a minority owner of the telemedicine business. Montreal-based Dialogue says the commercial partnership involves a $32.7-million equity investment and gives Sun Life rights to acquire additional equity later. The announcement is part of a $43-million round of financing from... Read More

Shopify revenues nearly double in Q2 amid COVID-19 shift to e-commerce

Shopify revenues nearly double in Q2 amid COVID-19 shift to e-commerce
COVID-19 is proving to be no match for Shopify Inc., which nearly doubled revenues and reported US$36 million in profits as the pandemic raged across Canada. While many Canadian businesses filed for bankruptcy or watched sales disappear in record time amid the health crisis, the Ottawa-based tech company said Wednesday that its revenues surged by 97 per cent in its second quarter. Shopify’s stock price was up... Read More

Aphria posts $98.8 million net loss in Q4, missing analyst estimates

Aphria posts $98.8 million net loss in Q4, missing analyst estimates
LEAMINGTON, Ont. — Aphria Inc. reports it had a $98.8 million net loss for its fourth quarter, despite higher revenue from cannabis products. The Ontario-based company says its loss included a $64-million non-cash asset impairment expense largely related to the COVID-19 at some of its international businesses. The loss also included non-operating losses related to investments that declined with the... Read More

North American stock markets rebound in early trading with Shopify leading

North American stock markets rebound in early trading with Shopify leading
TORONTO — North American stock markets rebound in early morning trading with shares of Shopify Inc. surging on its near doubling of revenues in latest quarter. The S&P/TSX composite index was up 94.54 points at 16,215.86. In New York, the Dow Jones industrial average was up 19.11 points at 26,398.39. The S&P 500 index was up 15.65 points at 3,234.09, while the Nasdaq composite... Read More