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Elon Musk on Tesla's Cybertruck: 'I wasn't sure if nobody would buy it' - CNBC Feb 5th
Elon Musk on Tesla's Cybertruck: 'I wasn't sure if nobody would buy it' CNBCWhy Is Tesla Stock Suddenly Crashing Today? CCN.comTesla’s Elon Musk tests the waters for a potential Gigafactory in Texas TeslaratiElon Musk says an 'awesome' Neuralink update is coming so.... More »
Stock market news for investors: Transat, Empire and Algoma report earnings + MORE Mar 14th
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Her home insurance company dumped her after two modest claims. Here's how to make sure it doesn't happen to you Aug 18th
Ruth Blair's insurance broker eventually had a change of heart, but cases of nonrenewal are spiking, experts say, as companies lower their risk to sweeten corporate mergers..... More »
Canada’s Best Dividend Stocks 2022 + MORE Jan 26th
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Top 100 Dividend Stocks
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Looking at the returns some investors seem to be enjoying .... More »
What we know so far about Apple’s launch event and possible SE4 reveal - Euronews Feb 19th
What we know so far about Apple’s launch event and possible SE4 reveal EuronewsApple to launch new lower-cost iPhone as it looks to capture a broader market The Globe and MailiPhone SE 4: Why Today’s New Apple Product Isn’t iPhone SE After All ForbesTim Cook to.... More »
Canadian banks wrap up solid quarter with TD bank beating expectations
– canadianbusiness.com
TORONTO _ Canada’s biggest banks wrapped up another solid quarter of better-than-expected results, shrugging off hefty writedowns and worries about the domestic housing market with robust growth beyond the country’s borders.
TD, the last of the big banks to report its results, said Thursday it earned $2.353 billion for the period ended Jan. 31, marking a seven per cent drop from the same period in 2017.
But after adjusting for one-time items, TD Bank reported adjusted diluted earnings of $2.946 billion or $1.56 per share, a 15 per cent jump from the previous year, beating expectations.
Collectively, the five biggest banks including Royal Bank of Canada, TD Bank, Bank of Montreal, Scotiabank and the Canadian Imperial Bank of Commerce, earned more than $10-billion for the three-month period. That marks a 4.4 per cent drop from roughly $10.46 billion in the first quarter of 2017.
Earnings for lenders with a U.S. footprint this quarter were hit by one-time charges to adjust for a major U…
TD, the last of the big banks to report its results, said Thursday it earned $2.353 billion for the period ended Jan. 31, marking a seven per cent drop from the same period in 2017.
But after adjusting for one-time items, TD Bank reported adjusted diluted earnings of $2.946 billion or $1.56 per share, a 15 per cent jump from the previous year, beating expectations.
Collectively, the five biggest banks including Royal Bank of Canada, TD Bank, Bank of Montreal, Scotiabank and the Canadian Imperial Bank of Commerce, earned more than $10-billion for the three-month period. That marks a 4.4 per cent drop from roughly $10.46 billion in the first quarter of 2017.
Earnings for lenders with a U.S. footprint this quarter were hit by one-time charges to adjust for a major U…
As Xi Jinping consolidates power in CPC, China's parliament prepares to ward off financial risks – Firstpost
– news.google.ca
FirstpostAs Xi Jinping consolidates power in CPC, China's parliament prepares to ward off financial risksFirstpostBeijing: China's annual parliament gathering kicks off on Monday as an ever-stronger President Xi Jinping presses ahead with efforts to ward off financial risks without undermining the economy. The run-up to the National People's Congress meeting has …Xi Jinping is giving Autocrats Anonymous a rebrandCNNDoes a Stronger Xi Mean a Weaker Chinese Communist Party?New York TimesChina's lucky leader wins again: the secrets of Xi Jinping's successNew StatesmanDaily Mail -New Jersey Herald -The Standard -gulfnews.comall 134 news articles »
Canadian Natural Resources slows heavy oil growth as poor WCS prices persist
– canadianbusiness.com
CALGARY _ Oilsands giant Canadian Natural Resources Ltd. says it is moving up planned maintenance shutdowns at its heavy oil projects in northern Alberta and will slow down production from new wells to avoid selling the product at current poor prices.
On a conference call to discuss fourth-quarter earnings that beat analyst expectations, the Calgary-based company said Thursday it plans to drill only 59 net Alberta heavy oil wells in the current quarter, down from 116 drilled in the fourth quarter.
“We continue to review our capital program in the context of the current market and are evaluating reducing our heavy oil drilling program for the second half of 2018 and substituting a light oil program instead, if it makes sense,” said president Tim McKay on a call with analysts.
The wider difference between Western Canadian Select bitumen blend and New York-traded West Texas Intermediate crude is blamed on export pipeline capacity shortages. The differential closed at US$23.42 per barrel on Wednesday but has been over US$30 in recent months…
On a conference call to discuss fourth-quarter earnings that beat analyst expectations, the Calgary-based company said Thursday it plans to drill only 59 net Alberta heavy oil wells in the current quarter, down from 116 drilled in the fourth quarter.
“We continue to review our capital program in the context of the current market and are evaluating reducing our heavy oil drilling program for the second half of 2018 and substituting a light oil program instead, if it makes sense,” said president Tim McKay on a call with analysts.
The wider difference between Western Canadian Select bitumen blend and New York-traded West Texas Intermediate crude is blamed on export pipeline capacity shortages. The differential closed at US$23.42 per barrel on Wednesday but has been over US$30 in recent months…
Transcontinental’s Q1 profits grows 36 per cent despite lower revenues
– canadianbusiness.com
MONTREAL _ Transcontinental Inc. was more profitable than expected in the first quarter as its net earnings grew 36 per cent to $58.2 million despite lower revenues caused by the sale of newspapers in Atlantic Canada and Quebec.
The Montreal-based company says it earned 75 cents per share for the period ended Jan. 28, up from 55 cents per share a year earlier when net profit was $42.7 million.
Excluding restructuring costs, asset impairments and the impact of U.S. tax reform, adjusted earnings were $48.6 million or 63 cents per share.
That’s up 17.7 per cent from $41.3 million or 53 cents per share in the first quarter of 2017.
Net revenues were $501.7 million, down from $503.6 million a year earlier.
Transcontinental was expected to post 56 cents per share in adjusted profits on $476 million of revenues, according to analysts polled by Thomson Reuters.
Excluding the acceleration of deferred revenues related to the transfer of the printing operations for the San Francisco Chronicle to Hearst, adjusted revenues were $461…
The Montreal-based company says it earned 75 cents per share for the period ended Jan. 28, up from 55 cents per share a year earlier when net profit was $42.7 million.
Excluding restructuring costs, asset impairments and the impact of U.S. tax reform, adjusted earnings were $48.6 million or 63 cents per share.
That’s up 17.7 per cent from $41.3 million or 53 cents per share in the first quarter of 2017.
Net revenues were $501.7 million, down from $503.6 million a year earlier.
Transcontinental was expected to post 56 cents per share in adjusted profits on $476 million of revenues, according to analysts polled by Thomson Reuters.
Excluding the acceleration of deferred revenues related to the transfer of the printing operations for the San Francisco Chronicle to Hearst, adjusted revenues were $461…
Husky Energy restores cash dividend on higher oil prices and cost cuts
– canadianbusiness.com
CALGARY _ Husky Energy Inc. has restored its dividend as higher oil prices and a cost-cutting plan helped it boost earnings in the last quarter.
The company says it will pay a cash dividend of 7.5 cents per share for the quarter ended Dec. 31 after cutting its dividend in early 2016 at a time when oil was trading at less than half its current value.
Calgary-based Husky says it had fourth-quarter net earnings of $672 million or 66 cents per share, compared to $186 million or 19 cents per share for the same quarter last year.
Full-year adjusted net earnings for 2017 came in at $882 million compared to an adjusted loss of $655 million a year earlier.
The company says its integrated business of production and refining have helped insulate it from widening Canadian heavy oil differentials, and that its U.S. refining business will benefit from changes to the U.S. tax code.
Husky says it’s also benefited from the diversification of its offshore oil and gas business that now makes up about a quarter of the company’s production…
The company says it will pay a cash dividend of 7.5 cents per share for the quarter ended Dec. 31 after cutting its dividend in early 2016 at a time when oil was trading at less than half its current value.
Calgary-based Husky says it had fourth-quarter net earnings of $672 million or 66 cents per share, compared to $186 million or 19 cents per share for the same quarter last year.
Full-year adjusted net earnings for 2017 came in at $882 million compared to an adjusted loss of $655 million a year earlier.
The company says its integrated business of production and refining have helped insulate it from widening Canadian heavy oil differentials, and that its U.S. refining business will benefit from changes to the U.S. tax code.
Husky says it’s also benefited from the diversification of its offshore oil and gas business that now makes up about a quarter of the company’s production…
