TORONTO (Reuters) – TMX Group Ltd (X.TO: Quote, Profile, Research, Stock Buzz), the operator of the Toronto Stock Exchange, reported a 23 percent rise in first-quarter profit on Friday as a budding recovery in trading activity picked up speed.
The company said higher trading and clearing volumes were complemented by cost savings and lower financing costs after restructuring its long-term debt last year.
TORONTO, May 8 (Reuters) – Telus Corp, one of
Canada’s largest telecommunications companies, churned out
another solid quarter of earnings growth on Thursday, raising
its dividend on wireless strength and further expansion of its
Internet-based television product, Optik.
Meanwhile, regional operator Quebecor Inc handed
in a mixed report card, with customer losses in cable TV and
telephony and slow growth in Internet.
OTTAWA/TORONTO (Reuters) – The Canadian government has decided to intervene in a court case to argue that new rules for the country’s wireless providers should be retroactive, possibly reducing the chance telecom companies have of winning an appeal against the measure.
It is the first sign that the Conservative federal government will fight in the courts to protect the new wireless code’s implementation, underscoring its determination to stoke competition in the sector.
TORONTO, May 7 (Reuters) – A grim newspaper advertising
market continued to hit revenue at Torstar Corp,
publisher of Canada’s largest-circulation daily paper, in the
first quarter, the company said on Wednesday as its journalists
mounted a protest against cost-cutting measures.
In its quest for cash, Torstar said last week it would sell
its Harlequin romance-novel publishing business to News Corp for
C$455 million ($418 million). The sale helped reassure investors
who have worried that the company’s dividend payout is
unsustainable, but it leaves Torstar more reliant on a
turnaround in its media business.