CanadianInvestor – Canadian Investor

‘Joker’ tops box office again beats ‘Addams Family’

October 13, 2019 CanadianInvestor

LOS ANGELES — “Joker” kept winning at the box office. The R-rated comic book villain origin story had a phenomenal second weekend box office, topping the charts once more over newcomers like the animated “The Addams Family” and the Will Smith action pic “Gemini Man.” Studios on Sunday estimate that “Joker” added $55 million from North American theatres, down only... Read More

SNC-Lavalin reaches settlement over Chile mining contract termination

October 12, 2019 CanadianInvestor

MONTREAL — SNC-Lavalin Group Inc. says it has reached a settlement with Chile’s state-owned copper mining company about its decision last March to terminate a US$260-million mining and metallurgy contract. No financial details were provided but the Montreal-based company said the settlement will have no material impact on its previously reported results and will eliminate the potential for any future... Read More

Visa, Mastercard shun Facebook’s Libra digital currency plan

October 11, 2019 CanadianInvestor

NEW YORK — Visa and Mastercard are dropping out of Facebook’s Libra project, a potentially fatal blow to the social network’s plan for a worldwide digital currency. Along with the two payment giants, several other large companies have announced their departures from Libra. Payment processing company Stripe said it was stepping back, as well as online auction company eBay. PayPal... Read More

Canada’s main stock index edges up as U.S. counterparts surge higher

October 11, 2019 CanadianInvestor

TORONTO — Canada’s main stock index was up marginally as U.S. markets saw bigger gains. The S&P/TSX composite index was up 69.67 points at 16,492 in morning trading, with some of the lift coming from bank stocks. In New York, the Dow Jones industrial average was up 420.29 points at 26,916.96. The S&P 500 index was up 48.38 points at... Read More

Tourmaline Oil shares rise after it spins off hybrid royalty corporation

October 11, 2019 CanadianInvestor

CALGARY — Shares in Tourmaline Oil Corp. are up by as much as 15 per cent after it announced it will spin off a private company to hold a royalty on its oil and gas lands as well as interests in two of its 19 natural gas processing plants and other third-party revenues. Stock in the Calgary-based company jumped as high as... Read More

MTY Food stock drops after restaurant franchisor misses Q3 estimates

October 11, 2019 CanadianInvestor

MONTREAL — MTY Food Group Inc. shares dropped to their lowest level in months after the restaurant franchisor reported quarterly revenue and profit that came in below analyst estimates. The Montreal-based company’s stock fell nearly 10 per cent in the first minutes of trading, trading at $57.21, down $6.04 shares from the previous close. MTY reported earlier that profit attributable to... Read More

Here’s a quick glance at unemployment rates for September, by Canadian city

October 11, 2019 CanadianInvestor

OTTAWA — The national unemployment rate was 5.5 per cent in September. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. Here are the jobless rates last month by city (numbers from the previous month in brackets): — St. John’s,... Read More

More than 5,000 Coast Mountain Bus workers approve strike mandate

October 11, 2019 CanadianInvestor

VANCOUVER — Unifor says more than 5,000 Metro Vancouver transit operators at the Coast Mountain Bus Co. have voted in favour of a strike mandate. The union says the vote by Unifor Local 111 was 99 per cent in favour of striking after contract negotiations broke off Oct. 3. The vote means a strike mandate is in effect for 90 days and transit... Read More

WSP Global to buy Dutch consulting firm Lievense Holding for undisclosed amount

October 11, 2019 CanadianInvestor

MONTREAL — WSP Global Inc. says it has bought Dutch consulting firm Lievense Holding B.V. for an undisclosed amount as it continues its global expansion plans. Montreal-based WSP says it will pay for the acquisition, its seventh of the year, through available cash and credit facilities. The engineering and design company says the acquisition of the 375-employee Lievense firm gives it a... Read More

Cracks were found in a key structural part on 38 Boeing jets

October 10, 2019 CanadianInvestor

Inspections of some older Boeing jets have turned up structural cracks in more than three dozen of them, raising a new safety issue for the company already dealing with two deadly crashes involving a newer version of the same plane. Boeing said Thursday that airlines worldwide have inspected 810 planes following an order from U.S. safety regulators. Of those, 38... Read More