Routine legal tasks at your fingertips

Shane Murphy on how Founded Technologies is striving to be an essential online tool for small Canadian businesses

Routine legal tasks at your fingertipsShane Murphy is co-founder of the legal automation company Founded Technologies. What is Founded Technologies and what does it do? Murphy: Founded Technologies makes the legal side of entrepreneurship easy. It’s an online legal automation platform that takes routine legal tasks that small businesses face (think incorporating, managing a minute book, creating contracts) and makes…

Suncor quarterly net earnings top $1 billion

Total oil sands production during the third quarter increased to 670,000 barrels per day

Suncor quarterly net earnings top $1 billionCalgary-based energy giant Suncor is reporting net earnings of $1.035 billion ($0.67 per common share) in the third quarter of this year. That’s down from $1.812 billion ($1.12 per common share) in the corresponding quarter in the prior year. Funds from operations were $2.675 billion ($1.72 per common share) in the third quarter compared to…

Shaw Communications’ net income rises to $738 million

Company says it gained record wireless net subscriber additions of 90,700 in the fourth quarter and over 266,000 new customers during the year

Shaw Communications’ net income rises to $738 millionCalgary-based Shaw Communications reported on Friday that it had net income of $167 million in its fourth quarter and $738 million for the year. The company said it experienced record wireless net subscriber additions of 90,700 in the fourth quarter, resulting in over 266,000 new customers during the year. Compared to a year ago, net…

Postmedia announces $6.3 million loss

Postmedia announces $6.3 million lossCanadian media giant Postmedia ended up losing $6.3 million for its fiscal year ending August 31.  The company said Thursday that the net loss compared to a net loss $33.9 million in the same period in the prior year.  “The change was primarily the result of decreases in depreciation and amortization expense, decreases in restructuring…

Precision Drilling narrows net loss in third quarter

During the quarter, the Calgary-based company says it reduced its debt by $21 million

Precision Drilling narrows net loss in third quarterCalgary-based Precision Drilling narrowed its net loss in its third quarter to $4 million from $31 million in the third quarter of last year. In a news release on Wednesday, the company said third-quarter revenue of $376 million was a decrease of two per cent compared to last year. Funds provided by operations were $80…

CP Rail reports record third-quarter revenue

Results follow record second quarter that included strong operating metrics including train speed and terminal dwell

CP Rail reports record third-quarter revenueCanadian Pacific Railway Ltd. had record third-quarter revenues of $1.98 billion, up by four per cent from a year ago. The company also reported diluted earnings per share (EPS) of $4.46, or $4.61 on an adjusted diluted EPS basis. The company also said it achieved a record-low quarterly operating ratio of 56.1 per cent. “After…

Hatch Ltd., Upside Engineering Ltd. merge in the oil and gas sector

Brings together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada

Hatch Ltd., Upside Engineering Ltd. merge in the oil and gas sectorTwo significant players in Alberta's oil and gas market have merged. In a news release on Wednesday, Hatch Ltd. announced that Upside Engineering Ltd. has joined Hatch, bringing together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a well-established local engineering firm that specializes in midstream…

Crescent Point Energy selling some of its Sask assets

The company said its net debt is expected to improve to approximately $2.75 billion at year-end 2019

Crescent Point Energy selling some of its Sask assetsCrescent Point Energy announced Tuesday it was selling its Uinta Basin asset in its entirety and certain southeast Saskatchewan conventional assets for $912 million.  The company said its net debt is expected to improve to approximately $2.75 billion at year-end 2019, down from $4.40 billion prior to the changes in senior management in 2018.  "Since…

Is your bad behaviour risking your retirement?

Choosing investments that fit your emotional limits will help you to minimize your bad investment behaviour

Is your bad behaviour risking your retirement?There are three main reasons why investors consistently under-perform the investment indices: bad investor behaviour high investment costs, and high investment Portfolio Turnover Ratios (PTRs) Of the three reasons listed above, No. 1 (bad investor behaviour) is the biggy – accounting for over half of all lost investment returns. When it comes to our investment…

Canadian corporation operating profit up in second quarter

Canadian corporation operating profit up in second quarterCanadian corporations earned $107.1 billion in operating profit in the second quarter, up $5.3 billion or 5.2 per cent from the first quarter, but 0.4 per cent lower that the second quarter of 2018, says Statistics Canada in data it released on Friday. “In the non-financial industries, operating profit increased $1.6 billion (+2.2 per cent)…

Pembina buying Kinder Morgan Canada for $4.35 billion

Pembina buying Kinder Morgan Canada for $4.35 billionPembina Pipeline Corp. is buying Kinder Morgan Canada and the Cochin Pipeline for $4.35 billion, it was announced on Wednesday. Pembina said the transaction values Kinder Morgan Canada at approximately $2.3 billion, or $15.02 per share, and Cochin U.S. at approximately $2.05 billion. Pembina will acquire assets including the Cochin Pipeline system, the Edmonton storage…

Why Canadians won’t, or can’t, invest in their own country

C’mon Canadians, break out of the grim consensus, do your homework and invest your TSFA in the Canadian economy. The banks won't

Why Canadians won’t, or can’t, invest in their own countryThe great Canadian experiment Justin Trudeau represents is struggling. It seems our very Canadian desire for consensus and safety are undermining the prosperity upon which all our other virtues depend. The desire for consensus – worthy in its own right – seems to be undermining the ancient principle of private property. For centuries, the norm…

WestJet sale to Onex clears another hurdle

WestJet sale to Onex clears another hurdleCalgary-based WestJet Airlines Ltd. has announced that Canada’s Competition Bureau has granted unconditional approval for WestJet's proposed sale to Onex Corp. by issuing a no-action letter. “Receiving unconditional approval from the Canadian Competition Bureau is another important step on our path to closing the transaction. We continue to engage with the relevant authorities on the…
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