TORONTO (Reuters) – Canadian cable-TV operator Shaw Communications Inc reported a 7 percent drop in quarterly profit on Wednesday, hurt by a fall in video subscriptions and the costs of launching its new video streaming service.
Cable providers have struggled to respond to the popularity of cheaper online-only rivals such as Netflix, and Shaw said it lost C$13 million ($11 million) on the startup of its subscription video-on-demand service, called shomi, a joint venture with Rogers Communications.
TORONTO, Jan 7 (Reuters) – Canada’s main stock index
advanced moderately on Wednesday, helped by positive U.S.
economic data and a pause in the rout of crude prices, which
lifted market sentiment if not the shares of oil companies.
The rebound came after two straight sessions of sharp index
declines with oil and gas shares getting hit by concerns about a
global supply glut.
Warning: this article is very long and intense. I am enjoying it, but need to take a break. https://t.co/qXDD13ftLO
TORONTO, Dec 23 (Reuters) – Canada’s main stock index rose
to its highest level in more than two weeks on Tuesday, led by
energy and financial stocks, as the release of
stronger-than-expected U.S. and Canadian growth data helped
boost investor confidence.
Confidence had already improved following last week’s
meeting of the U.S. Federal Reserve, after which the central
bank said it would be careful as it looks to raise interest
rates next year.
TORONTO, Dec 22 (Reuters) – Canada’s main stock index edged
lower on Monday as energy companies took cues from oil’s return
to price slips, offset by gains in some of the country’s biggest
Oil and gas stocks have fallen sharply in recent weeks, but
most ticked higher last week after one among them, Talisman
Energy Inc, was acquired by oil major Repsol.
TORONTO (Reuters) – BlackBerry Ltd (BB.TO: Quote, Profile, Research, Stock Buzz)(BBRY.O: Quote, Profile, Research, Stock Buzz) on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again.
Revenue fell to $793 million from $1.19 billion a year earlier, falling short of analysts’ expectations of $931.5 million. BlackBerry’s Nasdaq-listed shares fell 5.7 percent to $9.50 in premarket trading.