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).
TORONTO (Reuters) – The Bank of Canada’s Mark Carney mused about priorities in reply to a question about the lessons he would take to his next job in London, but said he would only discuss Britain’s needs when he talks to a House of Commons committee next year.
Asked about lessons he would take to his next position, as the head of the Bank of England, Carney stressed the importance of speedy, transparent action to address potential flashpoints.
TORONTO, Dec 11 (Reuters) – The Bank of Canada may need to
raise interest rates higher than would be normal in order to
curb household debt, although its talk of higher rates has
already encouraged more prudent borrowing, Governor Mark Carney
said on Tuesday.
In his first speech since being appointed as the next Bank
of England governor, Carney repeated the bank’s mildly hawkish
line on the likelihood of a modest withdrawal of stimulus
measures. That stance, maintained since April, has made Canada’s
central bank an outlier among the central banks of developed