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Fixed-price defence deals drag down CAE's profits — and share price
MONTREAL — Fixed-price defence contracts dragged down earnings at CAE Inc. as the flight simulator maker saw quarterly profits fall nearly 30 per cent year-over-year even while revenues rose.
Feb 14, 2024 2:40 PM
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S&P/TSX composite gains more than 300 points, U.S. markets also up
TORONTO — Canada's main stock index gained more than 300 points or almost 1.5 per cent Wednesday on broad-based strength, while U.S. markets also rose to take back some of their losses from the previous day.
Feb 14, 2024 2:37 PM
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Bell urges conditions if CRTC mandates wholesale access, Telus awaits its next move
BCE Inc. is urging the CRTC to implement conditions such as caps on eligible speeds and initial access restrictions if the regulator allows smaller internet providers to use rivals' fibre networks to offer their services to customers.
Feb 14, 2024 2:23 PM
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January home sales rise as markets tighten but prices still softening: CREA
TORONTO — Home sales rose in an unseasonably warm January to mark a second month of rising activity and softening prices, the Canadian Real Estate Association said Wednesday. January sales were up 3.
Feb 14, 2024 11:37 AM
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Barrick reports US$1.27B profit for 2023, up from US$432M in 2022
TORONTO — Barrick Gold Corp. reported that gold production for 2023 fell short of its guidance as it set out lower expected production for the year ahead. The gold miner said Wednesday that production for the year totalled 4.
Feb 14, 2024 11:25 AM
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Turkey detains 4 as part of a probe into a gold mine landslide that left at least 9 missing
ANKARA, Turkey (AP) — Authorities on Wednesday detained four people in connection with a massive landslide that engulfed a gold mine in eastern Turkey, leaving at least nine workers missing, Turkish state media reported.
Feb 14, 2024 9:44 AM
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Spin Master Q4 revenue up 7.9% but toy maker ended the year down from last year
TORONTO — Spin Master Corp. says revenue during its latest quarter, which covered the key holiday season, was up 7.9 per cent from a year earlier, but the company's revenue for its fiscal 2023 overall were down 5.
Feb 14, 2024 9:30 AM
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Lyft shares rocket 62% over a typo in the company's earnings release
Lyft shares jumped 62% after the closing bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms — or “bots” — into a buying frenzy.
Feb 14, 2024 9:03 AM
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Power Corp. hires veteran Scotiabank executive Jake Lawrence as CFO
TORONTO — Power Corp. of Canada has hired veteran Scotiabank executive Jake Lawrence as its next chief financial officer.
Feb 14, 2024 8:15 AM
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Stock market today: Wall Street claws back some of the ground it lost a day earlier
NEW YORK (AP) — Stocks are clawing back some of their sharp losses from the day before, as conditions calm a bit on Wall Street. The S&P 500 was 0.6 % higher in early trading Wednesday. It had tumbled 1.
Feb 14, 2024 7:38 AM
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