TORONTO, March 1 (Reuters) – Canadian auto parts maker Magna
International Inc raised its full-year sales
forecast on Friday and sweetened its quarterly dividend after a
fourth-quarter performance that beat expectations.
Magna, one of the world’s largest parts makers, said its
North American operations helped drive total sales last year to
a record high. That mirrored the robust recovery for vehicle
sales in the United States, which rang up double-digit growth.
TORONTO, Feb 21 (Reuters) – Bombardier Inc
reported quarterly results on Thursday that fell short of
expectations and issued a lackluster 2013 outlook, sending
shares of the Canadian aircraft and train maker down 9 percent.
The company added to investors’ disappointment by announcing
it was pushing back the first delivery of its Learjet 85
business aircraft to the summer of 2014 from its previous target
of late 2013. It was the second time since November it delayed a
major aircraft program.
By Solarina Ho
(Reuters) – Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz) reported quarterly results on Thursday that fell short of analysts’ expectations and issued a disappointing 2013 outlook, sending shares of the Canadian aircraft and train maker down 9 percent.
The Montreal-based company’s fourth-quarter profit tumbled 93 percent, pulled lower by charges for a plant closure and global job cuts in its rail division.
TORONTO, Feb 14 (Reuters) – Canadian vehicle sales could
reach an all-time high this year, topping the near-record 1.7
million vehicles the industry sold in 2012, automotive
executives said on Thursday.
Pent-up demand from the recent recession, rising employment
and a wave of new models are driving sales for the Canadian
units of the Detroit Three as well as other foreign-based
automakers, analysts have said.
TORONTO (Reuters) – Half of Canada’s primary dealers have recently pushed back forecasts for the timing of the central bank’s next interest rate hike, a Reuters poll showed on Friday after weak jobs and housing starts data suggested the economy will struggle in 2013.
The economic figures released on Friday were the latest in a string of dismal indicators. Earlier reports had prompted the Bank of Canada to say on January 23 that a rate hike would be further in the future than it had once thought.
TORONTO, Feb 4 (Reuters) – Hunter Harrison, brought in to
engineer a turnaround at Canadian Pacific Railway, has
tapped a former protege as the company’s president and chief
CP said on Monday that Keith Creel would join on Tuesday
from Canadian National Railway,, the railroad that
Harrison had previously run.
TORONTO (Reuters) – Tom Carter found himself homeless, jobless, with little money and 6,000 miles (9,656 km) from home after answering a job posting on Craigslist that turned out to be a scam.
But rather than return to San Francisco, Carter found a teaching job along China’s Yellow River Delta, which is a world away from Beijing and Shanghai.
TORONTO, Jan 31 (Reuters) – Tom Carter found himself
homeless, jobless, with little money and 6,000 miles (9,656 km)
from home after answering a job posting on Craigslist that
turned out to be a scam.
But rather than return to San Francisco, Carter found a
teaching job along China’s Yellow River Delta, which is a world
away from Beijing and Shanghai.
TORONTO, Jan 23 (Reuters) – Canada’s growth outlook dimmed
over the last quarter, a Reuters poll showed on Wednesday, with
soft export demand, a strong currency, and a cooling housing
market combining to weaken economic expectations.
Economists now expect Canada’s economy to expand just 1.8
percent this year, down from the 2.0 percent rate predicted in
the previous poll published Oct. 11.
TORONTO, Dec 17 (Reuters) – Financial investment company
Urbana Corp said on Monday it is seeking to acquire up
to 49 percent of CNSX Markets Inc, the operator of Canadian
National Stock Exchange.
Urbana said on Monday it bought a 20 percent stake in CNSX
for C$1.6 million ($1.63 million).