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Husky Energy reports Q2 profit, revenue and production up from year ago

Jul 25, 2014 / 3:22 am

CALGARY - Husky Energy Inc. (TSX:HSE), which is preparing to start up its Sunrise oilsands project, posted a modest increase in second-quarter profits on Thursday."Our continued investment in longer-wavelength projects such as heavy oil thermals, resource plays and oil sands provide steady...

Loonie lower, IMF cuts growth forecast; Chinese manufacturing data improves

Jul 25, 2014 / 3:22 am

TORONTO - The Canadian dollar closed lower Thursday as the International Monetary Fund warned that the domestic economy will slow alongside the global economy this year.The loonie was down 0.14 of a cent to 93.07 cents US as the IMF said economies around the world are taking longer than expected to...

US stock market ends little changed after mixed signals on the economy, earnings

Jul 25, 2014 / 3:22 am

NEW YORK, N.Y. - U.S. stocks are ending little changed after a day of mixed signals on corporate earnings and the economy.The Standard & Poor's 500 index rose less than one point, or 0.05 per cent, to close at 1,897.98 Thursday, barely topping a record set the day before.The other two major...

Toronto stock market closes flat amid earnings news, strong manufacturing data

Jul 25, 2014 / 3:22 am

TORONTO - The Toronto stock market hardly changed Thursday despite encouraging Chinese manufacturing data and strong earnings reports.The S&P/TSX composite index climbed 0.07 of a point to 15,394.45 as China’s manufacturing rose in July to its highest level in 18 months. The preliminary HSBC...

Most actively traded companies on the TSX, TSX Venture Exchange

Jul 25, 2014 / 3:22 am

Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (15,394.45, up 0.07 of a point):Bombardier Inc. (TSX:BBD.B). Aerospace. Down four cents, or 1.07 per cent, to $3.70 on 10.1 million shares. The Montreal-based...

Grocer Loblaw Companies Ltd. focusing on smaller stores, high-quality fresh food

Jul 25, 2014 / 3:22 am

The head of Loblaw Companies, the country's largest supermarket chain, said Thursday that savvy shoppers are no longer just looking to pay the lowest prices they can for food.Galen G. Weston, the company's executive chairman and newly named president, said Thursday that data from its latest quarter...

Tough summer ahead for Ontario politicians as legislature breaks until fall

Jul 25, 2014 / 3:22 am

TORONTO - Ontario's law-making school is out for the summer, but provincial politicians aren't breaking out the flip-flops and cracking open a cold one just yet.The legislature adjourned Thursday after the governing Liberals passed their budget 56 to 37 over the objections of the opposition...
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Union Pacific's 2Q profit climbs 17 per cent as railroad hauls more freight, increases rates

Jul 25, 2014 / 3:22 am

OMAHA, Neb. - Union Pacific Corp. said Thursday that its quarterly profit climbed 17 per cent as the railroad hauled 8 per cent more freight and raised shipping rates.The Omaha, Nebraska-based company said it hauled more agricultural, automotive, intermodal, industrial and coal shipments. The only...

TransForce bids to acquire Ontario trucking company Contrans for $495 million

Jul 25, 2014 / 3:22 am

MONTREAL - TransForce Inc. (TSX:TFI) has a friendly offer to acquire Contrans Group Inc. (TSX:CSS) for $495 million in cash.The board of Contrans, a trucking company based in Woodstock, Ont., is unanimously supporting TransForce's offer of $14.60 per share — on the condition that at least...

Domtar under pressure as it can't put through second round of paper price hikes

Jul 25, 2014 / 3:22 am

MONTREAL - Increased imports to North America are limiting Domtar's ability to push through higher paper prices, the Montreal-based company's chief executive said Thursday."That creates a slightly more competitive environment so we don't have that expectation (of price increases) at this point,"...

BSkyB announces deal to buy Sky Italia, majority stake in Sky Deutschland

Jul 25, 2014 / 3:22 am

LONDON - London-based satellite broadcaster BSkyB has agreed to take control of its sister companies in Italy and Germany, creating a European pay TV giant, by buying stakes from 21st Century Fox.The deal announced Friday to buy Sky Italia and 57 per cent of Sky Deutschland is valued at 5.35...

GM in China recalls Cadillac SUVs and Chevrolet Camaros to replace defective seat bolts

Jul 25, 2014 / 3:22 am

BEIJING, China - General Motors Co. and its main Chinese partner are recalling nearly 20,000 imported Cadillac SRX sport utility vehicles and Chevrolet Camaros to replace defective seat bolts.GM said Friday the defect might allow seats to descend to their lowest position, possibly causing a safety...

German business confidence drops for 3rd month in a row amid Ukraine, Middle East concerns

Jul 25, 2014 / 3:22 am

BERLIN - German business confidence fell for a third consecutive month amid ongoing concerns about the economic impact of the crises in Ukraine and the Middle East, though consumer confidence in Europe's largest economy remained robust, surveys showed Friday.The Ifo institute said its closely...

General Motors 2Q profit falls 85 pct., drained by massive recall costs

Jul 25, 2014 / 1:22 am

DETROIT - Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.The nation's biggest automaker posted a net profit of $190 million, or...

Ford's second quarter net profit up 6 per cent to $1.3 billion as Europe makes money again

Jul 24, 2014 / 10:08 pm

DEARBORN, Mich. - Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years.But things will get leaner in the second half as Ford closes one of its U.S. pickup truck plants to...

IMF cuts global growth forecast because of slowdowns in US, Russia and emerging markets

Jul 24, 2014 / 7:42 pm

WASHINGTON - The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies.The lending organization predicted Thursday that global growth will be 3.4 per cent in 2014, below...

Chicken off menu at McDonald's in Hong Kong after expired meat scandal at Chinese supplier

Jul 24, 2014 / 7:42 pm

HONG KONG - McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken burgers off the menu after a mainland Chinese supplier was accused of selling expired meat.The fast food chain said late Thursday that it "suspended relevant food ingredients" at Hong Kong outlets in light of the...

Encana CEO says turnaround ahead of schedule, cash flow targets raised

Jul 24, 2014 / 4:44 pm

CALGARY - Encana Corp.'s (TSX:ECA) strategic overhaul is one or two years ahead of schedule, CEO Doug Suttles said Thursday as the energy giant hiked its cash flow and liquids production targets for the year.But that rosy outlook came as Encana posted lower profits for the second quarter.Since...

Rogers Communications posts lower Q2 net earnings on flat revenues

Jul 24, 2014 / 4:36 pm

TORONTO - Rogers Communications Inc. (TSX:RCI.B) reported Thursday a lower second-quarter profit but beat analyst expectations as it focused on improving its operations.The cable and wireless company earned $405 million on flat year-over-year revenue of $3.2 billion, but showed signs of strength in...

Higher fares, more full seats help push Southwest Airlines to record 2Q profit of $465 million

Jul 24, 2014 / 4:30 pm

DALLAS - Southwest Airlines is reporting a record profit for the second quarter, more than doubling its earnings from a year ago.The company said it set records for passenger fares per mile and the percentage of seats sold on its planes during the April-to-June period. It said that bookings in July...



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Today's Market
S&P TSX15394.45+0.07
S&P CDNX1011.65-0.58
DJIA17083.80-2.83
Nasdaq4472.107-1.59
S&P 5001987.98+0.97
CDN Dollar0.9294-0.0013
Gold1297.50-7.00
Oil104.30-0.29
Lumber326.00+0.20
Natural Gas3.86+0.013

 
Okanagan Companies
Pacific Safety0.200.00
Knighthawk0.01-0.005
QHR Technologies Inc1.17+0.02
Cantex0.08+0.02
Anavex Life Sciences0.28-0.045
Metalex Ventures0.08+0.01
Russel Metals35.57-0.08
Copper Mountain Mining2.82+0.06
Colorado Resources0.205-0.01
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.19+0.01

 



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Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

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