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1-10 results from 1000 for query «billion»

December 8, 2018 7:18 PM Canadian telecoms face $1 Billion cost to remove Huawei gear, media report says

Canada’s Telus Corp. and BCE Inc. may face at least $1 billion in costs if the country bans telecommunications equipment made by China’s Huawei Technologies Co. from their next generation 5G mobile networks, The Globe and Mail reported Saturday, citing unidentified people familiar with the industry. BCE, Telus and, to a lesser extent, Rogers Communications 10

December 8, 2018 12:59 AM Dealmaker’s children take speedy control of $5.7 billion fortune

Frere’s 41 year-old daughter Segolene Gallienne and her older brother, Gerald Frere, 67, now control the family’s Groupe Frere-Bourgeois, which has net assets of 5.5 billion euros ($6 billion). The ownership change was reported in a statement by Groupe Bruxelles Lambert SA, whose assets include stakes in Adidas AG and Pernod Ricard SA. The Frere family 8

December 7, 2018 5:23 PM U.S.-China trade war distracting from talks with Canada on steel tariffs, says Morneau

U.S. President Donald Trump slapped tariffs of 25 per cent and 10 per cent on steel and aluminum imports, respectively, from Canada in May, prompting retaliatory tariffs by Canada on $16.6 billion worth of U.S. goods. Meanwhile, American tariffs against China have triggered a tit-for-tat trade war affecting hundreds of billions of dollars in goods over the past year. Despite 7

December 7, 2018 2:31 PM Gains abroad extend the record earnings streak at Canadian banks

Canada’s eight big banks extended their record earnings streak this year, posting a 7.5 per cent jump in annual profit fuelled by operations outside their home turf. Net income for the companies totalled C$45.9 billion ($34.3 billion U.S.) in the fiscal year ended Oct. 31. Toronto-Dominion Bank and Bank of Montreal profited from their U.S. consumer-lending 5

December 6, 2018 9:26 PM Federal whale-saving efforts threaten Vancouver Island livelihoods, coalition says

B.C. Chamber of Commerce president Val Litwin says its member organizations across the Island have formed a coalition called Thriving Orcas, Thriving Communities to protect their cities, towns and villages. The federal government has extended a 5,000 square kilometre critical habitat zone off the southwest coast of Vancouver Island that could result 6

December 6, 2018 3:32 PM Bombardier forecasts 10% revenue boost in 2019 after plans for 5,000 layoffs

The Montreal-based company, which reports in U.S. dollars, forecasts total revenues of about $18 billion (U.S.) next year, as the freshly certified Global 7500 — its longest-range business jet — enters into service. The jetliner, sold out through 2021, will contribute to an expected $6.5 billion in business aircraft revenues. Both figures align roughly 9

December 6, 2018 2:36 PM Canadian trade deficit grew in October as oil prices weighed on exports

Total exports fell 1.2 per cent in October to $49.3 billion, despite increases in seven of 11 sections, as exports of energy products fell 12.4 per cent to $8.8 billion in October, due in large part to a 15.4 per cent drop in crude oil prices. Exports excluding energy products were up 1.6 per cent. Total imports fell 0.6 per cent to $50.5 billion in October 6

December 5, 2018 7:11 PM Global carbon pollution up in 2018, studies say

WASHINGTON—After several years of little growth, global emissions of heat-trapping carbon dioxide experienced their largest jump in seven years, discouraging scientists. World carbon dioxide emissions are estimated to have risen 2.7 per cent from 2017 to 2018, according to three studies released Wednesday from the Global Carbon Project , an international 11

December 5, 2018 6:29 PM Oilsands crisis hits home as Canadian Natural cuts spending

The oilsands producer, which is projecting 2019 output equivalent to as much as 1.12 million barrels of crude a day, is the first major Canadian energy company to announce its spending plans for next year. With Western Canada’s pipelines overflowing, its crude selling at deep discounts and the province of Alberta mandating industry-wide production cuts, the company’s 11

December 5, 2018 5:36 PM Gold plows toward its strongest season

Gold futures have fallen 7.1 percent in 2018, which has proven difficult for investors in every asset class from equities to real estate and government bonds. The $9.2 billion (U.S.) VanEck Vectors Gold Miners ETF is down 16 percent this year, putting it on track for its biggest annual decline since 2015. If history is any guide, both could be poised 10