Higher oil prices spurred by an attack on Saudi Arabian oil facilities boosted the Canadian energy sector on Monday but are expected to result in higher fuel prices for consumers. Continue reading
Shares of Aurora Cannabis tumbled by nearly nine per cent after the pot producer’s fourth-quarter revenues fell short of its own guidance and signalled a longer pathway to profitability, pointing to the slow rollout of brick-and-mortar retail cannabis stores. Continue reading
SNC-Lavalin Group Inc.’s stock fell again after Standard & Poor’s downgraded its credit rating to junk status. Continue reading
Shares in Inter Pipeline Ltd. fell by as much as 4.3 per cent Monday morning after soaring late last week on news that it had rejected an unsolicited takeover from an unnamed bidder. Continue reading
SNC-Lavalin’s shares fell to a low of $16.10 in early trading on the Toronto Stock Exchange and closed down more than eight per cent to $16.36. Continue reading
Earlier, Aurora announced its estimated production available for sale was between 25,000 and 30,000 kilograms — above the company’s previous guidance of 25,000 kilograms. Continue reading
Total revenue in the second quarter was $361.9 million, a 48 per cent increase from Q2 in 2018, and above the $350.4 million expected by analysts. Continue reading
Saskatoon-based uranium producer Cameco says it had a net loss of $23 million for the quarter ending June 30. Continue reading
Shareholders are receiving $2.90 per share for a total equity value of $722 million under terms of the takeover. Continue reading
The S&P/TSX composite index gained 68.57 points to 16,612.81, surpassing the previous record close of 16,567.47 set last July. Continue reading