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Aphria has its eye on CannTrust assets and maintaining profits: Chairman - Article - BNN - BNNBloomberg.ca + MORE Aug 2nd
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A sell-off in North American stock markets intensified on Monday afternoon, led by a decline in technology stocks, after reports that U.S. officials were in the process of introducing legislation that would block Chinese companies from investing in U.S. tech companies..... More »
Tesla loses $13B in market value after CEO Elon Musk tweets 'stock price is too high' - CBC.ca + MORE May 1st
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BRP raises quarterly dividend, reports Q4 profit down from year ago
– canadianbusiness.com
MONTREAL _ BRP Inc. raised its dividend as it reported a drop in profit for its latest quarter compared with a year ago as revenue also declined.
The maker of Ski-Doo snowmobiles says it will pay a quarterly dividend of nine cents per share, up a penny from its previous quarterly payment to shareholders.
The increase came as BRP reported a profit attributable to shareholders of $115.2 million or $1.12 per diluted share for the quarter ended Jan. 31.
That compared with a profit of $136.6 million attributable to shareholders or $1.22 per diluted share a year earlier.
On a normalized basis, BRP said it earned 96 cents per diluted share compared with $1 per share a year ago.
Revenue in what was the company’s fourth quarter totalled $1.26 billion, down from nearly $1.31 billion.
The post BRP raises quarterly dividend, reports Q4 profit down from year ago appeared first on Canadian Business – Your Source For Business News.
The maker of Ski-Doo snowmobiles says it will pay a quarterly dividend of nine cents per share, up a penny from its previous quarterly payment to shareholders.
The increase came as BRP reported a profit attributable to shareholders of $115.2 million or $1.12 per diluted share for the quarter ended Jan. 31.
That compared with a profit of $136.6 million attributable to shareholders or $1.22 per diluted share a year earlier.
On a normalized basis, BRP said it earned 96 cents per diluted share compared with $1 per share a year ago.
Revenue in what was the company’s fourth quarter totalled $1.26 billion, down from nearly $1.31 billion.
The post BRP raises quarterly dividend, reports Q4 profit down from year ago appeared first on Canadian Business – Your Source For Business News.
Scotiabank CEO plays down concerns raised over Canadian debt levels
– theglobeandmail.com
Comments come after IMF said that Canada’s high debt levels leaves its economy more sensitive to tighter financial conditions and weaker economic activity
Luxury coat maker Canada Goose plans to bring more manufacturing in-house in a bid to boost margins and help it live up to lofty investor expectations as the most expensive stock among major luxury brands.
Oil, NAFTA trade talk optimism help boost loonie and Toronto market
– canadianbusiness.com
TORONTO _ Rising oil prices and optimism on NAFTA trade talks helped push the dollar and Canada’s main stock index higher while U.S. markets ended slightly down after the Federal Reserve raised interest rates.
The S&P/TSX composite index closed up 58.92 points to 15,675.28, led by gains in the energy sector.
In New York, the Dow Jones industrial average closed down 44.96 points to 24,682.31. The S&P 500 index was down 5.01 points to 2,711.93 and the Nasdaq composite index was down 19.01 points to 7,345.29.
The Canadian dollar closed at 77.17 cents US, up 0.70 of a US cent.
The May crude contract closed up US$1.63 to US$65.17 per barrel and the April natural gas contract ended down four cents to US$2.64 per mmBTU.
The April gold contract closed up US$9.60 to US$1,321.50 an ounce and the May copper contract ended up two cents to US$3.06 a pound.
The post Oil, NAFTA trade talk optimism help boost loonie and Toronto market appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index closed up 58.92 points to 15,675.28, led by gains in the energy sector.
In New York, the Dow Jones industrial average closed down 44.96 points to 24,682.31. The S&P 500 index was down 5.01 points to 2,711.93 and the Nasdaq composite index was down 19.01 points to 7,345.29.
The Canadian dollar closed at 77.17 cents US, up 0.70 of a US cent.
The May crude contract closed up US$1.63 to US$65.17 per barrel and the April natural gas contract ended down four cents to US$2.64 per mmBTU.
The April gold contract closed up US$9.60 to US$1,321.50 an ounce and the May copper contract ended up two cents to US$3.06 a pound.
The post Oil, NAFTA trade talk optimism help boost loonie and Toronto market appeared first on Canadian Business – Your Source For Business News.
Scotiabank CEO downplays concerns raised over Canadian debt levels
– canadianbusiness.com
TORONTO _ Scotiabank’s chief executive says he disagrees with recent red flags raised over Canada’s high debt levels by an international body, and that he is “comfortable” with the lender’s risk profile.
Brian Porter told a University of Toronto conference that he had a “different perspective” from the International Monetary Fund’s recent warning and said they should look at the “other side of the balance sheet” which has “kept pace or outgrown the size of the debt.”
“I am very comfortable with our risk profile,” he said Wednesday.
His comments come after the IMF in October said that Canada’s high debt levels, and higher-than-average pressure on Canadian households’ ability to pay down that debt in the private non-financial sector, leaves its economy more sensitive to tighter financial conditions and weaker economic activity.
And last month, an international financial group owned by the world’s central banks said Canada’s credit-to-gross-domestic-product and debt-service ratios show early warning signs of potential risk to the domestic banking system in the coming years…
Brian Porter told a University of Toronto conference that he had a “different perspective” from the International Monetary Fund’s recent warning and said they should look at the “other side of the balance sheet” which has “kept pace or outgrown the size of the debt.”
“I am very comfortable with our risk profile,” he said Wednesday.
His comments come after the IMF in October said that Canada’s high debt levels, and higher-than-average pressure on Canadian households’ ability to pay down that debt in the private non-financial sector, leaves its economy more sensitive to tighter financial conditions and weaker economic activity.
And last month, an international financial group owned by the world’s central banks said Canada’s credit-to-gross-domestic-product and debt-service ratios show early warning signs of potential risk to the domestic banking system in the coming years…
