Business Canada

  • TORONTO _ Royal Bank Of Canada on Wednesday reported fiscal third-quarter profit of $1.99 billion. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share. Royal Bank shares have increased 19 percent since the beginning of the year.

  • *Investors in China warehouses include Warburg Pincus, Carlyle. *China online shopping revenues expected to hit $1.1 trln in 2018. "The thinking was even if it didn't necessarily scale to the size we were anticipating, we had a good sense that while Boston is a pretty decent size city in the U.S., China should have far more modern warehousing space over the longer term,"...

  • *Investors in China warehouses include Warburg Pincus, Carlyle. *China online shopping revenues expected to hit $1.1 trln in 2018. "The thinking was even if it didn't necessarily scale to the size we were anticipating, we had a good sense that while Boston is a pretty decent size city in the U.S., China should have far more modern warehousing space over the longer term,"...

  • *Canadian dollar at C $1.2910, or 77.46 U.S. cents. Oil rallied after Reuters reported that Iran was sending positive signals that it may support joint OPEC action to prop up the market. The oil-related news helped push the Canadian dollar through resistance around C $1.2900, although it pared some gains as the market turned its attention to Federal Reserve Chair...

  • TORONTO— Privacy officials in Canada and Australia have found that cheating website Ashley Madison had inadequate security safeguards and policies despite marketing itself as a discreet and secure service. More than a year after a massive data breach at the website for married people seeking affairs that made international headlines, the Office of the...

  • NEW YORK/ LONDON, Aug 23- Gold was largely unchanged on Tuesday as markets shifted focus from hawkish comments by a Federal Reserve official over the weekend to a meeting of global central bankers later this week that might provide hints on the timing of a U.S. interest rate increase. Federal Reserve Chair Janet Yellen may provide more clarity on interest rates in...

  • OTTAWA, Aug 23- The parent company of infidelity dating website Ashley Madison was responsible for numerous violations of privacy laws at the time of a massive release of customer data in a cyber attack last year, privacy watchdogs in Canada and Australia said on Tuesday. The two countries launched an investigation after the 2015 breach of Avid Life Media Inc's...

  • TORONTO, Aug 23- Canada's Rusoro Mining Ltd said on Tuesday it has been awarded more than $1.2 billion by a World Bank tribunal that ruled Venezuela had unlawfully seized the company's gold assets four years ago. Shares in the Vancouver- based mining firm, which is backed by Russia's Agapov family, more than doubled on Tuesday, trading for as much as 32 cents- their...

  • NEW YORK— With government officials now warning pregnant women to avoid Miami Beach in addition to Puerto Rico, some sun seekers are desperately scrambling for a Zika-free vacation. Travel experts say families worried about Zika are now looking to Arizona and Southern California to get some sun, along with cooler weather locales such as New England and Canada.

  • TORONTO _ Bank Of Montreal on Tuesday reported fiscal third-quarter profit of $954.7 million. Bank of Montreal shares have increased 15 percent since the beginning of the year. Keywords: Bank of Montreal, Earnings Report.

  • TORONTO/ NEW YORK, Aug 22- Private equity firm Clearspring Capital Partners plans to sell Medical Pharmacies Group, a Canadian provider of drug services to nursing homes, in a deal that could fetch as much as C $1 billion, according to sources familiar with the situation. Toronto- based Clearspring has hired investment banks BMO Capital Markets and Harris...

  • LAVAL, France— French farmers are occupying an intersection outside the headquarters of dairy giant Lactalis and crying for help as they struggle to compete with cheaper countries in Europe's single market. Their protest in the western France city of Laval on Monday is targeting Lactalis, which produces Parmalat cheeses, President butter and many other...

  • Gord Downie of The Tragically Hip performing at the Air Canada Centre in Toronto as part of the band's Man Machine Poem tour.

    A sold-out crowd and countless Canadians watching live TV from their homes took in the final concert by their rock band The Tragically Hip.

  • OTTAWA, Aug 22- The value of Canadian wholesale trade rose in June for the third month in a row, lifted by higher sales of motor vehicles, data from Statistics Canada showed on Monday. The 0.7 percent increase in wholesale trade topped economists' expectations for a rise of 0.1 percent. The Canadian economy probably contracted in the second quarter due to the...

  • Aug 22- Valeant Pharmaceuticals International Inc named Zoetis Inc executive Paul Herendeen as its chief financial officer, replacing Robert Rosiello, the latest in a series of management changes at the Canadian drugmaker. Laval, Quebec- based Valeant tapped Perrigo Co Plc's Chief Executive, Joseph Papa, to replace long-time CEO Michael Pearson earlier this...

  • LONOKE, Ark.— Heavy rain that brought record flooding to Louisiana recently has put a damper on the nation's harvest of rice, a food staple that usually likes water as it grows but can't be gathered by machine if fields are inundated. Some fields remain unreachable in parts of Arkansas and Louisiana. "I've heard from a lot of the farmers the water level has been higher...

  • ANCHORAGE, Alaska— The Canadian company exploring for copper, zinc and gold upstream of a southeast Alaska bald eagle preserve has received permission from a federal agency to expand. Vancouver, British Columbia- based Constantine Metal Resources Ltd. is exploring upstream of the Chilkat Bald Eagle Preserve outside Haines. Constantine has financial...

  • It worked for Donald Trump and his father. And it worked for Donald Trump and his children. Long before Donald Trump was a presidential candidate, New York real estate mogul and reality TV star, he was Fred Trump's kid, sitting at his dad's knee playing with blocks as his father developed homes and postwar apartment buildings in Brooklyn and Queens.

  • Aug 19- Canada's British Columbia unveiled a new climate action plan on Friday that kept its carbon tax frozen at C $30 per tonne, a move environmental groups warned would undermine the province's target of cutting 2050 emissions by 80 percent from 2007 levels. Premier Christy Clark said British Columbia is the only province in Canada to currently have a carbon...

  • Aug 19- Canada's British Columbia unveiled a new climate action plan on Friday that kept its carbon tax frozen at C $30 per tonne, a move environmental groups warned would undermine the province's target of cutting 2050 emissions by 80 percent from 2007 levels. Premier Christy Clark said British Columbia is the only province in Canada to currently have a carbon...