Flight simulator company CAE Inc. reports higher Q2 profit and revenue

Flight simulator company CAE Inc. reports higher Q2 profit and revenue
MONTREAL — Flight simulator company CAE Inc. says its second-quarter profit and revenue increased compared with a year ago. The Montreal-based firm says its net income attributable to shareholders was $60.7 million for the quarter ended Sept. 30, up one per cent from $60.3 million from the same period a year ago. The profit amounted to 23 cents per share compared... Read More

Brookfield and the Caisse buy automotive battery business from Johnson Controls

Brookfield and the Caisse buy automotive battery business from Johnson Controls
MONTREAL — Brookfield Business Partners LP and the Caisse de depot et placement du Quebec, together with a group of institutional partners, have signed a deal to buy Johnson Controls’ power solutions business for US$13.2 billion. The business produces batteries for automakers and aftermarket distributors and retailers. The companies say it is well positioned to benefit from the growth in demand for... Read More

TransCanada expects to raise dividend at eight to 10 per cent annual rate

TransCanada expects to raise dividend at eight to 10 per cent annual rate
CALGARY — TransCanada Corp. says it expects to raise its dividend at an average annual rate of eight to 10 per cent through 2021. Ahead of its investor day in Toronto today, the company says its dividend outlook is supported by expected growth in earnings and cash flow. The pipeline operator has increased its dividend on common shares in each... Read More

HBC won’t say why Saks Off Fifth store at Montreal Eaton Centre is cancelled

HBC won’t say why Saks Off Fifth store at Montreal Eaton Centre is cancelled
TORONTO — Hudson’s Bay Company says it and mall developer Ivanhoe Cambridge have mutually agreed to no longer open a Saks Off Fifth location at the Montreal Eaton Centre. The Toronto-based department store chain owner tells The Canadian Press that plans for the location have been abandoned “due to a number of factors,” but refused to reveal what those factors are. A spokesperson for the... Read More

Athenahealth fetches $5.7 billion cash buyout offer

Athenahealth fetches $5.7 billion cash buyout offer
Athenahealth shares soared Monday after the struggling medical billing software maker received a $5.7 billion cash buyout offer. Veritas Capital and Evergreen Coast Capital plan to give athenahealth shareholders $135 per share in a deal that will take the company private. That represents a roughly 12 per cent premium over the closing price of athenahealth shares on Friday. But the... Read More

Keystone XL setback will cost Canadian industry ‘millions’, says association

Keystone XL setback will cost Canadian industry ‘millions’, says association
CALGARY — The Canadian oil industry reacted with frustration and bitterness Friday after a U.S. judge ordered a halt to the Keystone XL pipeline project until it passes further environmental review. The decision on Thursday means longer delays in finding a way to drain a glut of oil in Western Canada that has driven price discounts to multi-year highs and stalled investment, said Tim... Read More

Martinrea misses expectations despite earning a record $36.4 million Q3

Martinrea misses expectations despite earning a record $36.4 million Q3
TORONTO — Martinrea International Inc. says it earned a record $36.4 million in the third quarter despite modest tariff effects and foreign exchange losses. The Toronto-based auto parts manufacturer says it earned 42 cents per share for the period ended Sept. 30. That’s unchanged from the prior year when its net income was $36.2 million. Excluding one-time items, adjusted profits rose... Read More

Recipe Unlimited reports $23.8M Q3 profit up from $21.2M year ago

Recipe Unlimited reports $23.8M Q3 profit up from $21.2M year ago
VAUGHAN, Ont. — Recipe Unlimited Corp. earned $23.8 million in its latest quarter, up from $21.2 million a year ago. The company formerly known as Cara Operations says the profit amounted to 37 cents per diluted share for the three-month period ended Sept. 30, up from 34 cents per share a year ago. System sales totalled $879.8 million, up from... Read More

Quebecor Q3 net income attributable to shareholder rises on wireless performance

Quebecor Q3 net income attributable to shareholder rises on wireless performance
MONTREAL — Quebecor Inc. is reporting that its net income attributable to shareholders increased almost five per cent to $186.7 million in the third quarter on strong wireless numbers and revenue growth. The Montreal-based media giant says it earned 80 cents per share for the quarter ended Sept. 30, up from 74 cents per share or $178.4 million a year prior.... Read More

Telus reports Q3 profit and revenue up from year ago, raises dividend

Telus reports Q3 profit and revenue up from year ago, raises dividend
VANCOUVER — Telus Corp. reported a third-quarter profit of $447 million — up from $406 million a year ago — and raised its dividend. The company says it will now make a quarterly payment to shareholders of 54.5 cents per share, up from 52.5 cents. The profit amounted to 74 cents per share for the quarter ended Sept. 30, up from 68 cents... Read More