Business Canada

More

  • ESSA Pharma reports 1Q loss Friday, 12 Feb 2016 | 7:12 PM ET

    VANCOUVER, British Columbia _ ESSA Pharma Inc. on Friday reported a loss of $4 million in its fiscal first quarter. On a per-share basis, the Vancouver, British Columbia- based company said it had a loss of 18 cents. Keywords: ESSA Pharma, Earnings Report.

  • DIARY-Top Economic Events to Feb 27 Friday, 12 Feb 2016 | 7:01 PM ET

    BRUSSELS- European Central Bank President Mario Draghi speaks at the European Parliament- 1400 GMT. TUESDAY, FEBRUARY 16 WASHINGTON- Minneapolis Federal Reserve Bank President Kashkari speaks at Brookings Institution- 1530 GMT. NEWARK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the 2016 Economic...

  • Burcon reports 3Q loss Friday, 12 Feb 2016 | 4:37 PM ET

    VANCOUVER, British Columbia _ Burcon Nutrascience Corp. on Friday reported a loss of $1.2 million in its fiscal third quarter. The Vancouver, British Columbia- based company said it had a loss of 4 cents per share. Keywords: Burcon Nutrascience, Earnings Report.

  • WASHINGTON, Feb 12- U.S. consumer spending regained momentum in January as households ramped up purchases of a variety of goods, in a hopeful sign that economic growth was picking up after slowing to a crawl at the end of 2015.. "The markets may have decided that the U.S. is headed for recession, but obviously no one told U.S. consumers," said Paul Ashworth, chief...

  • WINNIPEG, Manitoba, Feb 12- Ottawa may help pay for the clean-up of spent oil wells, Canadian Natural Resources Minister Jim Carr said on Friday. A crash in crude oil prices has led oil companies to abandon more wells, particularly in the western Canadian provinces of Alberta and Saskatchewan. Saskatchewan Premier Brad Wall on Monday asked Prime Minister Justin...

  • WASHINGTON, Feb 12- U.S. consumer spending regained momentum in January as households ramped up purchases of a variety of goods, in a hopeful sign that economic growth was picking up after slowing to a crawl at the end of 2015.. The Commerce Department said retail sales excluding automobiles, gasoline, building materials and food services increased 0.6 percent...

  • Bryan- based Ohio Art Co. made the surprise move to sell the Etch A Sketch and its spinoff, the Doodle Sketch, to Spin Master Corp. for an undisclosed price. "I think it's such an icon, it's a part of our everyday life here," Martin Killgallon, Ohio Art's president, told The Blade in Toledo. "Ohio Art is squarely focused on continuing to build its reputation as one of the...

  • Brookfield Asset Management posts 4Q profit Friday, 12 Feb 2016 | 7:09 AM ET

    TORONTO _ Brookfield Asset Management Inc. on Friday reported fourth-quarter earnings of $678 million. Brookfield Asset Management shares have dropped 13 percent since the beginning of the year. Keywords: Brookfield Asset Management, Earnings Report.

  • Mercer International posts 4Q profit Thursday, 11 Feb 2016 | 7:27 PM ET

    VANCOUVER, British Columbia _ Mercer International Inc. on Thursday reported fourth-quarter profit of $21.7 million. Mercer International shares have dropped 32 percent since the beginning of the year. Keywords: Mercer International, Earnings Report.

  • Merus Labs reports 1Q loss Thursday, 11 Feb 2016 | 7:17 PM ET

    VANCOUVER, British Columbia _ Merus Labs International Inc. on Thursday reported a loss of $686,000 in its fiscal first quarter. The Vancouver, British Columbia- based company said it had a loss of 1 cent per share. Keywords: Merus Labs, Earnings Report.

  • CALGARY, Alberta, Feb 11- TransCanada Corp, the country's second-largest pipeline company, reported a fourth-quarter loss on Thursday as a result of a one-off C $2.9 billion impairment charge relating to its rejected Keystone XL oil pipeline. The company's proposed Energy East pipeline from Alberta to Canada's Atlantic coast has also run into environmental...

  • TORONTO, Feb 11- Fiat Chrysler Automobiles said on Thursday that it has invested C $3.7 billion since September 2014 and created 1,200 jobs in Canada to develop and produce its next-generation minivan. The Pacifica program brings Fiat Chrysler employment in Canada to just over 11,000, he said. Autoworkers and Canadian divisions of Detroit's automakers met...

  • Smart Tech reports 3Q loss Thursday, 11 Feb 2016 | 5:05 PM ET

    CALGARY, Alberta _ Smart Technologies Inc. on Thursday reported a fiscal third-quarter loss of $49.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Calgary, Alberta- based company said it had a loss of 41 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • TORONTO, Feb 11- Fiat Chrysler Automobiles said on Thursday at a Toronto auto show that it has invested C $3.7 billion since September 2014 and created 1,200 jobs in Canada to develop and produce its Pacifica minivan. The Pacifica, which is also being developed as Fiat Chrysler's first hybrid minivan, is in the early production stages at the company's plant in...

  • Bleisure: Zika casts a pall on some company getaways Thursday, 11 Feb 2016 | 3:13 PM ET

    A trip to a resort in the Dominican Republic was intended "to get everybody in the same location" for team-building, R&R and casual facetime, said Parse.ly CEO Sachin Kamdar. "We did end up hitting that target," Kamdar said, and the Dominican Republic was chosen as the destination. "But we found out a couple of weeks after booking that the Zika virus was spreading very...

  • TORONTO, Feb 11- Telus Corp, one of Canada's three big telecom providers, reported a 16 percent drop in fourth-quarter profit on Thursday, hurt by increased wireless competition and sagging demand, partly due to economic weakness in the oil-producing province of Alberta. Shares in the Vancouver- based company were down 1.2 percent at C $39.37 in early afternoon...

  • TORONTO, Feb 11- Canada's main stock index fell 1 percent on Thursday, hitting a three-week low as a string of disappointing corporate earnings reports added to broad investor unease about the global economy. Telus Corp declined 3.4 percent to C $38.49 after the telecom company reported a fall in quarterly profit, hurt by increased competition and weaker...

  • The Plymouth, Minnesota- based company also reported fourth-quarter profit that fell less than expected, and announced a $75 million share repurchase program. Its shares jumped nearly 5 percent in early trading on the New York Stock Exchange. Falling currency values against the U.S. dollar have lowered production costs 17 percent in Canada, where Mosaic's...

  • TransCanada takes 4Q hit after Obama blocks Keystone XL Thursday, 11 Feb 2016 | 10:15 AM ET

    CALGARY, Alberta— Energy company TransCanada Corp. says it lost US $1.79 billion in the fourth quarter, mostly because of its stalled Keystone XL pipeline proposal. The Calgary- based company reported Thursday that it took a US $2.08 billion non-cash charge related to Keystone XL, which President Barack Obama blocked late last year. TransCanada has launched a...

  • Telus tops 4Q revenue forecasts Thursday, 11 Feb 2016 | 9:23 AM ET

    BURNABY, British Columbia _ Telus Corp. on Thursday reported fourth-quarter profit of $195.5 million. Telus expects full-year earnings to be $1.80 to $1.92 per share, with revenue in the range of $9.55 billion to $9.65 billion. Telus shares have climbed 3.5 percent since the beginning of the year.