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  • A $1.7-trillion fund manager joins critics of Trudeau oil policy

    November 13, 2018 8:53 PM 10

    One of the largest foreign holders of Canadian energy stocks says investors are turning away from the country, frustrated over Prime Minister Justin Trudeau’s failure to get pipelines built to ease a record discount for oil-sands crude. In a letter to the prime minister, Darren Peers, an analyst and investor at Los Angeles-based Capital Group Cos., warns

  • Moving to Toronto suburbs rarely saves cash, housing agency says

    November 13, 2018 3:59 PM 4

    Fleeing Toronto for a cheaper house in the suburbs isn’t worth it for many people who have to commute to jobs back downtown. The high costs of driving or taking public transit along with the extra travel time often offset any benefits from buying a home outside the country’s biggest city, Canada Mortgage and Housing Corp. said Tuesday. The burden is becoming

  • HNA’s Seaco unit is said to attract Orix, Ontario Teachers

    November 13, 2018 2:38 PM 8

    HNA Group Co.’s sale of container-leasing business Seaco has attracted potential bidders including Japanese financial firm Orix Corp. and Bermuda-based Triton International Ltd., people familiar with the matter said. Seaco has also drawn preliminary interest from investment funds including Ontario Teachers’ Pension Plan, which owns rival lessor SeaCube

  • Flight simulator company CAE Inc. reports higher Q2 profit and revenue

    November 13, 2018 2:20 PM 9

    MONTREAL—Flight simulator company CAE Inc. says its second-quarter profit and revenue increased compared with a year ago. The Montreal-based firm says its net income attributable to shareholders was $60.7 million for the quarter ended Sept. 30, up one per cent from $60.3 million from the same period a year ago. The profit amounted to 23 cents per share

  • DHX Media Ltd. reports first-quarter loss, revenue up from year ago

    November 13, 2018 2:02 PM 8

    HALIFAX—DHX Media Ltd. reported a loss in its latest quarter compared with a profit a year ago as its revenue rose 5.5 per cent. The children’s entertainment company says it lost $2.4 million compared with a profit of $8.1 million a year ago, due to a larger noncontrolling interest in Peanuts and a non-cash writedown in deferred financing charges

  • Trudeau’s spy chief has heard audio recordings in Khashoggi case

    November 12, 2018 10:12 PM 8

    “At the request of Prime Minister Trudeau, the CSIS Director travelled to Turkey to discuss the investigation into the death of journalist Jamal Khashoggi,” John Townsend said in an emailed statement, first reported by Global News. “I can confirm that the Director of CSIS has listened to the audio tapes in question and has provided a briefing for the prime

  • People are going to sell sex in driverless cars, researchers say

    November 12, 2018 5:22 PM 12

    Authorities should prepare for such looming threats, Cohen said. Autonomous vehicles could provide cover for a range of illicit activities, including drug dealing or even terrorism in the form of remote-controlled bombs. (The report didn’t recommend any particular safeguards.) Driverless cars could also exacerbate inequality if businesses pay to influence

  • Bombardier-Alstom to supply Montreal with 153 metro cars in $448-million order

    November 12, 2018 4:55 PM 10

    MONTREAL—A Bombardier-Alstom consortium says it will supply Montreal’s transport agency with 153 more Azur metro cars in an order approaching a half-billion dollars. Montreal-based Bombardier Inc. and French rail giant Alstom say the contract comprises 17 trains of nine cars each, and amounts to $447.7 million. Most of the manufacturing and all of the final

  • Aurora Cannabis reports first-quarter profit and sales up from year ago

    November 12, 2018 1:42 PM 11

    The average net selling price $9.19 per gram in the quarter, up 12 per cent compared with a year ago, boosted by an increase in cannabis extracts sold. Aurora noted the revenue for the quarter included about $600,000 from its initial shipments received by provinces in the final days of September ahead of the legalization of recreational marijuana in Canada

  • ‘Boring’ Mawer Hires Scotiabank to Explore Options Such as Sale

    November 11, 2018 6:49 PM 11

    Closely held Mawer Investment Management Ltd. has hired Bank of Nova Scotia to explore options such as a sale, following a wave of transactions involving Canadian money managers. “Given recent activity in the industry, Mawer has engaged an adviser to obtain more information on the options available to the firm as part of our strategic planning process