Bombardier reports US$55M Q4 profit compared with a loss a year ago

Bombardier reports US$55M Q4 profit compared with a loss a year ago
MONTREAL — Bombardier Inc. says it earned a fourth-quarter profit of US$55 million compared with a loss a year ago. The plane and train maker, which keeps its books in U.S. dollars, says the profit amounted to two cents per diluted share for the quarter ended Dec. 31. That compared to a loss of $188 million or nine cents per share a... Read More

Canadian Tire Q4 profit dips on one-time charge, tops expectations

Canadian Tire Q4 profit dips on one-time charge, tops expectations
TORONTO — Canadian Tire Corp. Ltd. reported a dip in its fourth-quarter profit compared with a year ago, as it took a one-time charge related to its financial services deal with Scotiabank. The retailer says it earned a profit attributable to shareholders of $254.3 million or $3.99 per diluted share for the 13-week period ended Dec. 29, compared to a profit of... Read More

Canada Goose to open new factory in Montreal, reports Q4 profit up from year ago

Canada Goose to open new factory in Montreal, reports Q4 profit up from year ago
MONTREAL — Canada Goose Holdings Inc. says it will open a new factory in Quebec, its second in the province. The production facility will be located in Montreal and is expected to employ more than 100 people by the end of March, and grow to 650 new positions at full capacity by the end of 2020. The announcement came as the... Read More

Telus Q4 profit edges higher, revenue up on strong wireline, wireless growth

Telus Q4 profit edges higher, revenue up on strong wireline, wireless growth
VANCOUVER — Telus Corp. reported its fourth-quarter profit edged higher as its operating revenue grew by 6.3 per cent over the comparable period in 2017, slightly above analyst estimates. The Vancouver-based company says its profit attributable to shareholders amounted to $357 million or 60 cents per share for the quarter ended Dec. 31. That’s up from 59 cents per share... Read More

TransCanada raises quarterly dividend, reports Q4 profit up from year ago

TransCanada raises quarterly dividend, reports Q4 profit up from year ago
CALGARY — TransCanada Corp. raised its dividend as it reported its fourth-quarter profit rose compared with a year ago. The pipeline company says it will now pay a quarterly dividend of 75 cents per share, up from its previous payment of 69 cents per share. The increased payment to shareholders came as TransCanada reported a profit of $1.09 billion or... Read More

Manulife earns record profits in 2018 as it swings to a $593-million profit in Q4

Manulife earns record profits in 2018 as it swings to a $593-million profit in Q4
TORONTO — Manulife Financial Corp. posted record earnings last year as it swung to a $593-million profit in the fourth quarter. The Toronto-based insurer says it earned $4.8 billion in net income attributable to shareholders in 2018, up from $2.7 billion in 2017 when it took a $2.8-billion charge related to U.S. tax reform and faced hurricane-relate charges. Adjusted profits grew... Read More

Observers ‘gobsmacked’ at new revelation about lost QuadrigaCX currency

Observers ‘gobsmacked’ at new revelation about lost QuadrigaCX currency
HALIFAX — The revelation that the embattled QuadrigaCX cryptocurrency exchange recently lost track of more than $460,000 in crypto-coins has left some industry observers reeling with disbelief. “I’m totally gobsmacked … that such a thing could happen,” says Manie Eagar, CEO of Vancouver-based DigitalFutures, a business development consultancy that focuses on digital currency and blockchain technologies. “Whoever took over the reins and is acting as the... Read More

Shopify fourth-quarter loss narrows to $1.5M, revenue up more than 50 per cent

Shopify fourth-quarter loss narrows to $1.5M, revenue up more than 50 per cent
OTTAWA — Shopify Inc. reported a fourth-quarter loss of $1.5 million compared with a loss of $3 million in the same quarter a year earlier. The Ottawa-based e-commerce company, which keeps its books in U.S. dollars, says the loss amounted to a penny per share for the quarter ended Dec. 31 compared with a loss of three cents per share... Read More

SNC-Lavalin shares hit 10-year low after warning profits will be even thinner

SNC-Lavalin shares hit 10-year low after warning profits will be even thinner
MONTREAL — SNC-Lavalin Group Inc. has slashed its profit forecast again due to problems at a Chilean mining project, plunging its share price to a 10-year low as the beleaguered engineering giant faces obstacles at home and abroad. The Montreal-based company reduced its guidance for 2018 by more than 40 per cent Monday and halted all bidding on future mining projects.... Read More

Nickelodeon signs deal for new animated kids series from DHX Media, Cartoon Saloon

Nickelodeon signs deal for new animated kids series from DHX Media, Cartoon Saloon
HALIFAX — Nickelodeon International has agreed to buy international rights to the new “Dorg Van Dango” animated kids program that’s being co-produced by DHX Media and Cartoon Saloon. DHX Media’s studio in Vancouver will create the voice and visual portions of the new series for six- to 11-year-olds, in collaboration with Cartoon Saloon of Ireland. DHX Media’s Vancouver animation studio, which employs 700, also produces “Mega Man:... Read More