Articles
Toronto Stocks Edge Higher; Air Canada Shares Gain Altitude on 1Q Beats, Better-Than-Feared Guidance
5 days ago |
in.marketscreener.com | Adriano Marchese
Toronto stocks were mildly higher in midday trading Friday, with a mixed sector performance. Communications stocks led the gainers, followed by materials stocks and transportation, as telecom company Telus and Air Canada reported better-than-expected results in their first quarter. This was offset by losses in process industries, tech services and industrial services stocks.
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5 days ago |
marketscreener.com | Adriano Marchese
Shares of Canadian telecom giant Telus rose after the company reported better-than-expected results in a quarter marked by macro uncertainty, hinting at a cautiously optimistic outlook for the year. Shares traded 7.1% higher at 22.28 Canadian dollars ($16.00).
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5 days ago |
tradingview.com | Adriano Marchese
Enbridge Profit Rises in 1QENBEnbridge profit rose in the first quarter thanks to strong utilization across its assets. The Calgary, Alberta-based pipeline-and-energy company on Friday posted net income of 2.26 billion Canadian dollars ($1.62 billion), or C$1.04 a share, up from C$1.42 billion, or C$0.67 a share, in the comparable quarter a year earlier. Adjusted earnings were C$1.03 a share. According to FactSet, analysts were expecting C$0.96 a share.
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5 days ago |
tradingview.com | Adriano Marchese
Telus 1Q Profit, Revenue Rise, Mobile Subscriber Growth FallsTTelus logged a higher profit in the first quarter, backed by subscriber growth across its segments driving revenue higher, while competition for mobile customers continues to drive mobile plan prices down. The Canadian telecom giant posted net income of 301 million Canadian dollars ($216.2 million), or C$0.21 a share, up from C$140 million, or C$0.09 a share, in the comparable quarter a year ago. Adjusted earnings were C$0.26 a share.
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6 days ago |
tradingview.com | Adriano Marchese
Toronto Stocks Advance; BCE Rises on Long-Expected Dividend CutToronto stocks were firmly higher Thursday, mid-trading, with a broad-based push higher from most Canadian sectors. The laggards were materials, retail and fiance stocks, while leading the gainers of the session were manufacturing, energy and communications stocks. Canada's S&P/TSX Composite Index rose 0.7% to 25337.54 and the blue-chip S&P/TSX 60 climbed by 0.7% to 1522.52.
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