TORONTO — Canadian National Railway Co (TSE:CNR) reported slightly lower second quarter earnings on Monday as a decline in shipments cut into revenue, but said it expects volumes to improve in the months ahead.
Canadian oil and gas producer Encana Corp. (TSE:ECA) reported an unexpected quarterly operating profit, helped by a cost-cutting drive, and said it would raise its 2016 capital expenditure program.
Canadian Pacific Railway Ltd. (TSE:CP) reported lower second-quarter earnings on Wednesday as volumes dropped, and said its chief executive officer will step down next July but remain in as an adviser.
TORONTO — Severe stress in the oil and gas sector could prompt some Canadian banks to reduce their dividends, but that would be a last resort, according to analysts at Moody’s Investors Service.
A friendly Canadian takeover of California-based Polycom has been called off on amicable terms after Mitel Corp. decided it wouldn’t match a rival offer.
Centerra Gold Inc. (TSE:CG) has agreed to buy Thompson Creek Metals Company Inc. (TSE:TCM) in a US$1.1-billion deal that solves problems for both parties.
Empire Company Ltd. (TSE:EMO), parent of the Sobeys supermarket chain, has reported a massive fourth-quarter net loss of more than $900 million, citing challenges related to its Canada Safeway acquisition in Western Canada.