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Business Canada

  • WINNIPEG, Manitoba, Feb 22- Inside a laboratory in Winnipeg, Manitoba, a Monsanto Co research technician uses tweezers to transfer pollen from one canola plant to another, a small step toward creating a new breed of the vegetable oil-producing crop. It's an early stage of a high-stakes effort to control the biggest threat to Canada's C $27- billion canola...

  • Feb 22- Canadian auto parts maker Magna International Inc on Thursday reported a better-than-expected fourth-quarter profit, driven by higher sales in Europe and the launch of new cars for BMW and Jaguar. During the reported quarter, light vehicle production increased 7 percent in Europe and fell 5 percent in North America. Net income attributable to Magna...

  • AURORA, Ontario _ Magna International Inc. on Thursday reported fourth-quarter net income of $556 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share. Four analysts surveyed by Zacks expected $9.96 billion.

  • Feb 22- Canadian auto parts maker Magna International Inc on Thursday posted a better-than-expected quarterly profit, helped by higher production sales in Europe. The Aurora, Ontario- based company's sales rose to $10.39 billion from $9.25 billion. Net income attributable to Magna rose to $556 million, or $1.53 per share, in the fourth quarter ended Dec. 31, from...

  • LONGUEUIL, Quebec _ Innergex Renewable Energy Inc. on Wednesday reported fourth-quarter net income of $5.6 million. On a per-share basis, the Longueuil, Quebec- based company said it had profit of 4 cents. For the year, the company reported profit of $23.1 million, or 17 cents per share.

  • VANCOUVER, British Columbia _ Taseko Mines Ltd. on Wednesday reported a fourth-quarter loss of $6 million, after reporting a profit in the same period a year earlier. The Vancouver, British Columbia- based company said it had a loss of 2 cents per share. For the year, the company reported net income of $26.4 million, or 12 cents per share, swinging to a profit in the...

  • TORONTO _ North American Palladium Ltd. on Wednesday reported fourth-quarter net income of $12 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Toronto- based company said it had profit of 20 cents. North American Palladium shares have risen 42 percent since the beginning of the year.

  • TORONTO _ HudBay Minerals Inc. on Wednesday reported fourth-quarter net income of $99.7 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share. HudBay Minerals shares have decreased slightly more than 7 percent since the beginning...

  • TORONTO _ Iamgold Corp. on Wednesday reported a loss of $17.7 million in its fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Iamgold shares have risen 0.5 percent since the beginning of the year.

  • WINNIPEG, Manitoba, Feb 22- Inside a laboratory in Winnipeg, Manitoba, a Monsanto Co research technician uses tweezers to transfer pollen from one canola plant to another, a small step toward creating a new breed of the vegetable oil-producing crop. It's an early stage of a high-stakes effort to control the biggest threat to Canada's C $27- billion canola...

  • Canadian Prime Minister Justin Trudeau along with his wife Sophie Gregoire pay their respects at the Sikh Golden Temple in Amritsar on February 21, 2018.

    Canadian Prime Minister Justin Trudeau is this week visiting India, but the young politician is not getting much of a reception.

  • FRANKFURT- Speech by ECB board member Yves Mersch at the European Banking Federation's executive committee meeting in Frankfurt am Main, Germany 0930 GMT. "before the 26th International Financial Symposium organized by the Institute for International Monetary Affairs- 0515 GMT VANCOUVER, Canada- Federal Reserve Bank of Dallas President Robert Kaplan...

  • BILLINGS, Mont.— Federal officials must go back and review documents related to the disputed Keystone XL oil pipeline, under a Wednesday court ruling that came after environmentalists accused President Donald Trump's administration of withholding details on the project's approval. The ruling came in a lawsuit pending in federal court in Montana from...

  • MONTREAL, Feb 21- Bombardier should be "on alert" for merger opportunities that will enable its transportation unit to compete with larger rivals in an industry that is consolidating to help reduce costs, the chief executive of its biggest independent shareholder said on Wednesday. Germanys Siemens AG last September opted to merge its rail business with...

  • TORONTO, Feb 21- Canada's main stock index closed at a 2-1/ 2- week high on Wednesday, led by financials and industrials, with all sectors but technology posting gains. The Toronto Stock Exchange's S&P/TSX composite index closed up 84.57 points, or 0.55 percent, higher at 15,524.01, its strongest close since Feb. 2. The biggest gainer was logistics company TFI...

  • MONTREAL/ MUMBAI Feb 21- The real estate arm of Canada's second-largest pension fund manager wants to "more than double" the C $800 million it has already committed to investments in India in the short term, the unit's president said on Wednesday. Fournier said the challenge in India remains finding sites. Pension funds and other investors are eying India at a time...

  • MONTREAL, Feb 21- Bombardier should be "on alert" for merger opportunities that will enable its transportation unit to compete with larger rivals in an industry that is consolidating to help reduce costs, the chief executive of its biggest independent shareholder said on Wednesday. Germanys Siemens AG last September opted to merge its rail business with...

  • TORONTO, Feb 21- Canada's main stock index rose to a 2-1/ 2- week high on Wednesday led by gold producers, as investors sought shelter in the precious metal ahead of the release of minutes from the Federal Reserve's latest policy meeting. The Toronto Stock Exchange's S&P/TSX composite index opened up 0.2 percent and was trading 111.85 points, or 0.7 percent, higher...

  • *Canadian dollar at C $1.2667, or 78.95 U.S. cents. TORONTO, Feb 21- The Canadian dollar weakened to a nearly two-week low against its U.S. counterpart on Wednesday as oil prices fell and the greenback made broader gains. The price of oil, one of Canada's major exports, was weighed down by an expected rise in U.S. crude production and by a.

  • VANCOUVER, British Columbia _ Alio Gold Inc. on Wednesday reported a fourth-quarter loss of $2.9 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Vancouver, British Columbia- based company said it had a loss of 1 cent. For the year, the company reported profit of $11.9 million, or 30 cents per share.