Thomson Reuters names Steve Hasker new CEO, tops Q4 expectations, raises dividend

Thomson Reuters names Steve Hasker new CEO, tops Q4 expectations, raises dividend
TORONTO — Thomson Reuters says Steve Hasker has been appointed as the company’s next president and chief executive. He will replace Jim Smith, who will become chairman of the Thomson Reuters Foundation. The company also announced that Mike Eastwood, senior vice-president and head of corporate finance, will succeed Stephane Bello as chief financial officer. Bello will become vice-chairman of Thomson Reuters... Read More

Strong fourth quarter for Macy’s heading to transition year

Strong fourth quarter for Macy’s heading to transition year
NEW YORK — Macy’s reported stronger-than-expected sales and profits for the fourth quarter less than a month after it announced a major restructuring. Shares rose 3% before the opening bell Tuesday but gave up those gains along with the broader markets. The quarterly report comes three weeks after the department store chain said it was closing 125 of its least... Read More

George Weston Ltd. reports fourth-quarter profit up from year-ago mark

George Weston Ltd. reports fourth-quarter profit up from year-ago mark
TORONTO — George Weston Ltd. reported its fourth-quarter profit rose compared with a year earlier, boosted in part by an improvement in its underlying business, increased ownership in Loblaw and a full year of direct ownership in Choice Properties Real Estate Investment Trust. The retail, bakery and real estate business says its net earnings available to common shareholders totalled $433... Read More

Scotiabank reports $2.3B first-quarter profit, tops expectations by analysts

Scotiabank reports $2.3B first-quarter profit, tops expectations by analysts
TORONTO — Bank of Nova Scotia is optimistic its international ventures are headed for success after a recent overhaul saw it slash and simplify its overseas operations. The Toronto-based bank has spent recent months working to reduce its investment in TMB Bank Public Co. Limited in Thailand and selling its operations in Puerto Rico, the U.S. Virgin Islands and El... Read More

BMO Financial Group reports $1.59B first-quarter profit, tops expectations

BMO Financial Group reports $1.59B first-quarter profit, tops expectations
TORONTO — BMO Financial Group beat expectations and reported a first-quarter profit of $1.59 billion as the bank worked to expand its footprint south of the border. The Toronto-based bank said its profit for the quarter ended Jan. 31 was up from $1.51 billion in the same period a year earlier and amounted to $2.37 per diluted share, an increase from $2.28 per diluted share. The results came as the bank... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (17,562.74, down 280.79 points.) Acerus Pharmaceuticals Corp. (TSX:ASP). Health care. Up one cent, or 20 per cent, to six cents on 14.4 million shares. Cenovus Energy Inc. (TSX:CVE). Energy, Down 65 cents, or 5.44 per cent, to $11.30 on 13.55 million shares. Bombardier... Read More

Coalition tells CRTC more affordable wireless options are needed

Coalition tells CRTC more affordable wireless options are needed
GATINEAU, Que. — A coalition of groups representing consumers, low-income and Indigenous people in Manitoba says Canada’s telecom regulator needs to do something soon to make mobile wireless services more affordable. The Manitoba coalition says there is ample evidence that Canada’s mobile data prices have historically been high compared with what’s available in other countries and they only become less expensive when competition increases.... Read More

Air Canada signs two Quebec aircraft maintenance deals, subject to Transat deal

Air Canada signs two Quebec aircraft maintenance deals, subject to Transat deal
MONTREAL — Air Canada has signed two agreements for airframe maintenance in Quebec, subject to its takeover of Transat AT. The airline and AAR have signed a letter of intent for a 10-year renewable agreement for airframe maintenance of both Air Canada’s and Air Transat’s fleet of Airbus A330 and A320 family of aircraft in Trois-Rivieres, Que. AAR plans to... Read More

Teck Resources shares down after company pulls Frontier oilsands project

Teck Resources shares down after company pulls Frontier oilsands project
VANCOUVER — Shares in Teck Resources Ltd. are trading down four per cent after the company said it had withdrawn its application for a massive oilsands mining project citing uncertainty over climate policies. The Vancouver-based company said it will take a $1.13-billion writedown on the Frontier project in Alberta, which was expected to create thousands of jobs but was also produce about four million... Read More