text stringlengths 348 8.58k | label int64 0 49 |
|---|---|
Transport and logistics group TNT Ltd said on Wednesday it was well placed for quite strong profit growth in the current 1996/97 year, but would continue to look at selling its currently unprofitable non-core assets.
"We haven't got any numbers, but it should be quite strong relative to the position we're starting from... | 4 |
Stock-feed producer Ridley Corp Ltd forecast on Wednesday that slow demand and margin pressures would produce a flat first half year profit, but that a grain price slump would help boost profits for the full 1996/97 year.
"All things considered we expect overall company after tax earnings to be in line with those of la... | 4 |
Almost 300 students and workers from the islands of Kiribati were adrift in the central Pacific on Wednesday aboard a crowded charter ship crippled by a fire, officials said.
The 1,000-tonne MV Maasmond appealed for help on Tuesday night after losing power through the fire in the engine room.
It was found by a Royal Ne... | 4 |
Rupert Murdoch's News Corp Ltd is likely to benefit from the planned US$20 billion merger of MCI Communications Corp and British Telecommunications Plc , Australian media analysts said on Monday.
They said News, which already has a wide-ranging partnership with MCI, would strengthen its global media interests on the co... | 4 |
An official inquiry into Australia's financial system said on Thursday it would look at recommending a relaxation of rules that currently stop big bank mergers and takeovers by foreign banks.
The inquiry, which was established by the conservative government after its March election, outlined various options for reform ... | 4 |
Australian investment and property group Lend Lease Corp and Thailand's Modern Home Co announced on Tuesday they would build a markets complex in Northern Bangkok that would be Asia's largest.
"The 160 hectare, A$1 billion (US$778 million) project aims to create a new industrial commercial and residential hub in northe... | 4 |
Global media group News Corp Ltd must report a sharply higher second quarter profit on Thursday or it will fail to achieve its 20 percent growth target for the 1996/97 year, analysts said.
News Corp is expected to report a second quarter net profit before abnormals of between A$450 million (US$344.25 million) and A$490... | 4 |
Westpac Banking Corp Ltd is expected to report on Tuesday that its net profit growth was reined back to a slower 10 percent in the 1995/96 year by an increasingly competitive home loan sector and a slower economy.
Analysts said the main focus in the results would be on how that increased competition and recent sharp cu... | 4 |
Australia's second-largest bank, Westpac Banking Corp Ltd, announced a 19.5 percent rise in net profit for the 1995/96 year on Tuesday, but warned that fierce competition would flatten profits in the year ahead.
"Everywhere you look and in every market we're in there's a lot of margin pressure," Westpac managing direct... | 4 |
Rupert Murdoch's global media group News Corp Ltd reported a lower than expected first half profit on Thursday, but later told analysts it remained confident of a 20 percent profit boost for the full year.
News said strong earnings from the hit alien movie Independence Day and buoyant U.K. newspaper sales helped drive ... | 4 |
News Corp Ltd chairman and chief executive Rupert Murdoch, visiting Australia for News' annual meeting next week, says his global media group remains on track to boost profits by 20 percent in 1996/97.
Murdoch, in a newspaper interview published on Friday, also ruled out any potential News Corp bid for Australian newsp... | 4 |
Electronic payment systems company Intellect Holdings Ltd said on Tuesday its bid for Internet software firm Techway Ltd would allow it to launch a product for making secure payments on the Internet.
Intellect, which helped pioneer EFTPOS (Electronic Funds Transfer Point of Sale) technology and systems in Australia, wa... | 4 |
Australia-based transport, logistics and security group Brambles Industries Ltd said it was actively considering acquisitions in United States, Europe and Asia in the current year.
Brambles chief executive John Fletcher told Reuters in an interview that Brambles would only look at acquisitions in areas where it had Aus... | 4 |
News Corp Ltd's unveiling on Tuesday of plans to run its finances more conservatively were welcomed by analysts who have sometimes been critical of News' previous big debt and equity issues.
Rupert Murdoch, the chief executive and chairman of the global media group, told the company's annual meeting in Adelaide that Ne... | 4 |
Dairy and fruit juice group National Foods Ltd said on Tuesday its reforms announced in July were now almost fully completed and the group was poised for above-budget profit growth in the next six to nine months.
"It's almost fully implemented," outgoing National Foods managing director Graham Reaney told Reuters in an... | 4 |
National Mutual Holdings Ltd managing director Geoff Tomlinson said on Thursday that strong investment markets meant group earnings for the 1996/97 year were likely to be in line with the July prospectus forecasts.
"It's been a very kind year. I can't think of when the markets have been more conducive to our type of bu... | 4 |
Water filtration company Memtec Ltd is confident the failure of its planned US$280 million takeover bid for U.S. medical filtration company Gelman Sciences Inc will not affect earnings or its U.S. expansion plans.
Memtec chairman Denis Hanley told Reuters in a telephone interview from the United States that a compensat... | 4 |
World-wide Australian transport group TNT Ltd reported another annual profit slump on Wednesday, but promised the sale of its troubled airline and other reforms would produce strong profit growth in current year.
"We haven't got any numbers, but it should be quite strong relative to the position we're starting from," T... | 4 |
Media magnate Rupert Murdoch said on Tuesday the first quarter performance of his global media group, The News Corp Ltd, had been below expectations, but that he was still confident of a 20 percent profit rise in 1996/97.
"I am on record as saying that we expect a 20 percent increase in profit for the year," Murdoch to... | 4 |
Gaming and electronics group AWA Ltd said on Wednesday it wanted to buy up to 75 percent of the New South Wales government-owned betting agency, the Totalisator Agency Board (TAB), later this year.
AWA managing director John Rouse told Reuters in an interview that the company was looking at the option of a major recapi... | 4 |
Australia's largest retailer, Coles Myer Ltd, forecast a rejuvenation in its profit outlook at its annual meeting on Tuesday but failed to stop shareholders launching into a six-hour tirade aimed at Coles' directors.
The prime target was former executive chairman Solomon Lew, who was re-elected as a director with the h... | 4 |
Media magnate Rupert Murdoch said on Tuesday that the first quarter performance of his global media group, The News Corp Ltd, had been below expectations, but that he was still confident of a 20 percent profit rise in 1996/97.
"I am on record as saying that we expect a 20 percent increase in profit for the year," Murdo... | 4 |
Australian investment and property group Lend Lease Corp and Thailand's Modern Home Co announced on Tuesday they would build a markets complex in Northern Bangkok that would be Asia's largest.
"The 160 hectare, A$1 billion (US$778 million) project aims to create a new industrial commercial and residential hub in northe... | 4 |
World-wide Australian transport group TNT Ltd reported another annual profit slump on Wednesday, but promised the sale of its troubled airline and other reforms would produce strong profit growth in current year.
"We haven't got any numbers, but it should be quite strong relative to the position we're starting from," T... | 4 |
Australia-based transport equipment hire and logistics firm, Brambles Industries Ltd, reported a 15.8 percent profit lift for the 1995/96 year on Friday despite flat Australian and European economies.
Surging profits from Brambles' U.S. and European CHEP pallet hire joint venture with Britain's GKN Plc compensated for ... | 4 |
Global media group News Corp Ltd must report a sharply stronger second quarter profit this Thursday or it will fail to achieve its 20 percent growth target for the 1996/97 year, analysts said.
News Corp is expected to report a second quarter net profit before abnormals of between A$450 million and A$490 million, taking... | 4 |
Australia's second largest bank, Westpac Banking Corp Ltd, announced a 19.5 percent rise in net profit for the 1995/96 year on Tuesday, but warned that fierce competition would flatten profits in the year ahead.
"Everywhere you look and in every market we're in there's a lot of margin pressure," Westpac Managing Direct... | 4 |
The Commmonwealth Bank of Australia (CBA) warned again on Tuesday of a subdued profit outlook for the current 1996/97 year and beyond, citing a competitive housing market, falling margins and higher wage costs.
CBA chairman Tim Besley told shareholders at the bank's annual meeting that nothing in the first three months... | 4 |
Australia and New Zealand Banking Group Ltd (ANZ) took the unusual step on Monday of categorically denying a newspaper report which said it was investigating a A$24 billion merger with Britain's Standard Chartered Plc.
"ANZ advises that it is not investigating or discussing a merger with Standard Chartered Bank," ANZ s... | 4 |
Rupert Murdoch predicted he would win his legal battle with Ted Turner and Time Warner Inc. and said his global media company, News Corp. Ltd., was on track to boost profits 20 percent this year.
In remarks published in News Corp.'s Courier Mail newspaper in Brisbane, Murdoch also was quoted as saying that he did not w... | 4 |
Australian-based insurer QBE Insurance Group Ltd said on Tuesday that profit growth was likely to surge into the high teens for the full 1996/97 year after only a slight increase in its first quarter profit.
"I'm confident that it will be in the teens, and with a bit of luck it will probably be in the high teens," QBE ... | 4 |
Airline giant British Airways Plc (BA) is unlikely to hike its airfares by the full three percent agreed to last week by the world's airlines, BA chairman Sir Colin Marshall said on Monday.
The world's airlines, desperate to hold up their profits in the face of a 40-percent surge in fuel prices this year, said in Genev... | 4 |
Australian-based metals recycler Simsmetal Ltd on Friday painted a bleak picture for world scrap metal prices over the year ahead and said this meant the group's net profit for 1996/97 would be lower than in 1995/96.
But it said it remained confident it could take advantage of a recovery in world markets when it came a... | 4 |
An official inquiry into Australia's financial system said on Thursday it would look at recommending a relaxation of rules that currently stop big bank mergers and local bank takeovers by foreign banks.
The inquiry, which was established by the conservative government after its March election, outlined various options ... | 4 |
Australia-based transport equipment hire and logistics firm, Brambles Industries Ltd, reported a 15.8 percent profit lift for the 1995/96 year on Friday, despite flat Australian and European economies.
Surging profits from Brambles' U.S. and European CHEP pallet hire joint venture with Britain's GKN Plc compensated for... | 4 |
Rupert Murdoch's News Corp Ltd is likely to benefit from the planned US$20 billion merger of MCI Communications Corp and British Telecommunications Plc, Australian media analysts said on Monday.
News Corp, which already has a wide-ranging partnership with MCI, would strengthen its global media interests on the coat-tai... | 4 |
Rupert Murdoch on Tuesday reported that News Corp Ltd had performed below expectations in the first quarter, but he said the global media group was still on track for a 20-percent profit rise this year.
Murdoch, the chairman and chief executive of News Corp, also unveiled a more conservative approach to financing new a... | 4 |
Australasian food group Goodman Fielder Ltd is expected to report a slightly higher annual net profit before abnormals early on Thursday, as firmer margins in some areas are seen largely offset by higher grain costs.
"I'll be looking for some margin growth, but also there's been some strong raw materials cost increases... | 4 |
Rupert Murdoch's News Corp on Thursday reported a lower than expected profit for the first half of 1996/97, but later told analysts it remained confident of a 20 percent profit boost for the full year.
Strong earnings from the hit movie Independence Day and buoyant British newspaper sales helped drive net profits befor... | 4 |
The Reserve Bank of Australia's (RBA) rate cut on Wednesday is expected to further squeeze bank margins as competition has forced them to pass this cut on to their mortgage customers sooner than usual.
The major banks have previously delayed passing on the effect of official rate cuts to their variable rate home loan c... | 4 |
Australia's wealthy baby-boomers are disillusioned with service provided by banks and believe loyalty is not rewarded, a survey released on Monday found.
Those approaching retirement were also unhappy with the performance of their superannuation funds and were looking to move elsewhere wherever possible, the survey by ... | 4 |
Gold miner Niugini Mining Ltd, which owns 17.15 percent of the shares in Papua New Guinea's Lihir Gold Ltd, said on Monday it was looking at ways of giving those Lihir shares back to its shareholders.
"We're looking at the possibility of returning the Lihir shareholding to shareholders and when that can be done," Nuigi... | 4 |
The Brunei Investment Agency (BIA) on Tuesday bought a 13.4 percent stake in Macquarie Bank Ltd, removing the links between one of Australia's top four investment banks and its British founder.
Macquarie said in a stock exchange statement just after the start of morning trading that the Brunei government-owned agency p... | 4 |
Appliance and building products manufacturer Email Ltd reported a lower half year net profit and dividend on Monday but forecast that recent restructuring and a seasonal lift would boost profits in the second half.
Email said the environment for industrial activities remained difficult and recent economic forecasts had... | 4 |
An inquiry into Australia's financial system has left open the option of mergers among Australia's big banks and takeovers of local banks by foreign banks in an interim discussion paper released on Wednesday.
The inquiry, established by the government and headed by prominent businessman Stan Wallis, outlined various op... | 4 |
Rupert Murdoch's News Corp on Thursday reported a lower than expected profit for the first half of 1996/97, but later told analysts it remained confident of a 20 percent profit boost for the full year.
Strong earnings from the hit movie Independence Day and buoyant British newspaper sales helped drive net profits befor... | 4 |
World yeast and spices giant Burns Philp & Co Ltd announced a hefty loss for the 1995/96 year on Wednesday after taking some heavy hits in a vicious U.S. price war and Asian expansion.
Burns Philp, the western world's largest fresh bakers' yeast maker and second largest spice maker, posted a net loss of A$61.8 mill... | 4 |
Rupert Murdoch on Tuesday reported that News Corp Ltd had performed below expectations in the first quarter, but he said the global media group was still on track for a 20-percent profit rise this year.
Murdoch, the chairman and chief executive of News Corp, also unveiled a more conservative approach to financing new a... | 4 |
Rupert Murdoch on Tuesday reported that News Corp. Ltd. had performed below expectations in the first quarter, but he said the global media group was still on track for a 20 percent profit rise this year.
Murdoch, the chairman and chief executive of News Corp., also unveiled a more conservative approach to financing ne... | 4 |
Rupert Murdoch predicted in a newspaper interview on Friday that his global media group News Corp Ltd was on track to boost profits 20 percent this year and would win its legal battle with Ted Turner and Time Warner.
Murdoch, visiting Australia for News' annual meeting next Tuesday, also told News' Courier Mail newspap... | 4 |
Shares in Canadian brewing and sports firm Molson Cos. Ltd. sank on Monday after its Molson Breweries unit lost the rights to brew Coors Light, Canada's top-selling light beer, in a dispute with Adolph Coors Co..
Investors pounded Molson's stock after an arbitration panel ruled late Friday that Molson reliquished its r... | 6 |
Royal Bank of Canada, the country's largest bank, rolled up a record annual profit Wednesday and surprised shareholders with a dividend hike.
The Toronto-based bank said net income jumped to C$1.43 billion ($1.05 billion) in the year ended Oct. 31, from C$1.26 billion ($931 million) in 1995.
Royal Bank also boosted its... | 6 |
Veronika Hirsch, the flamboyant Canadian stock picker hired recently to spearhead Fidelity Investments' drive to dominate the Canadian market, has been removed from her fund as she is probed by Canadian regulators.
The dramatic move -- just three months after Canada's so-called "Fund Diva" joined the mutual fund giant ... | 6 |
Canada's big six banks, which have long ruled the country's street corners with their vast branch networks, face a challenge to their dominance by the Internet and the rise of new "virtual banks."
Telephone and computer banking, debit cards and automated teller machines (ATMs) are rapidly transforming Canada's old-styl... | 6 |
The Montreal Canadiens, the most storied franchise in the National Hockey League, were engulfed in sale rumours Friday, which drew a fierce denial from its owner, Molson Cos. Ltd.
Canadian newspapers reported that a consortium led by former Canadiens general manager and Hall of Famer Serge Savard was assembling a bid f... | 6 |
Three Canadian financial institutions on Tuesday launched North America's first city-wide, reusable "smart" card designed to replace cash in retail transactions.
The Exact card will be tested under a pilot programme operated by Bank of Montreal, Toronto-Dominion Bank and Canada Trust, a unit of CT Financial Services In... | 6 |
Profits at Canada's six big banks topped C$6 billion ($4.4 billion) in 1996, smashing last year's C$5.2 billion ($3.8 billion) record as Canadian Imperial Bank of Commerce and National Bank of Canada wrapped up the earnings season on Thursday.
The six banks each reported a double-digit jump in net income for a combined... | 6 |
U.S. mutual fund giant Fidelity Investments said on Saturday that Canadian regulators were investigating trades made by Veronika Hirsch, the star manager of their new Canadian equity fund.
Hirsch's 27-city road show to promote Fidelity's True North fund has been postponed as a result of the regulatory review, said a sp... | 6 |
Shivering icewine enthusiasts, battered by icy winds, headed into a snow-covered vineyard on a recent night to harvest one of the world's rarest wines.
Although Germany discovered the luscious dessert wine in the late 18th century, Canada is the world's largest producer of icewine -- capturing many international awards... | 6 |
Bank of Nova Scotia, Canada's fourth largest bank, joined a once exclusive club on Wednesday, reporting its first C$1 billion annual profit.
The Toronto-based bank said net income jumped 22 percent to C$1.069 billion in the year ended October 31. It also rewarded shareholders with a C$0.03 increase in its quarterly div... | 6 |
Stock in Canada's big banks tumbled on the Toronto Stock Exchange on Tuesday after a Canadian brokerage cut its recommendations on the high-flying bank group.
CIBC Wood Gundy, a unit of Canadian Imperial Bank of Commerce, cut its ratings on four of the so-called Big Six banks. Montreal-based National Bank of Canada, th... | 6 |
The Montreal Canadiens, the most storied franchise in the National Hockey League, were engulfed in sale rumors on Friday, which drew a fierce denial from its owner, Molson Cos. Ltd..
Canadian newspapers reported that a consortium led by former Canadiens all-star defenseman Serge Savard was assembling a bid for the Cana... | 6 |
Profits at Canada's six big banks topped C$6 billion ($4.4 billion) in 1996, smashing last year's C$5.2 billion ($3.8 billion) record as Canadian Imperial Bank of Commerce and National Bank of Canada wrapped up the earnings season on Thursday.
The six banks each reported a double-digit jump in net income for a combined... | 6 |
Toronto-Dominion Bank extended the run of record Canadian bank profits on Thursday with a 15 percent jump in 1996 earnings and a dividend hike for its shareholders.
Canada's fifth largest bank said net income climbed to C$914 million in the year ended October 31 from C$794 million in 1995. Bank of Montreal and Bank of ... | 6 |
Royal Bank of Canada and Canadian Imperial Bank of Commerce, Canada's two largest banks, wrapped up the industry's third-quarter profit parade on Thursday with sharply higher earnings.
Royal Bank of Canada, the country's biggest bank, said income climbed 12 percent to C$358 million ($261 million) in the three months en... | 6 |
Canada unveiled plans on Friday to lift restrictions on foreign banks in a bid to spur competition in a sector dominated by six big domestic banks.
Draft legislation allowing foreign banks to open branches in Canada will be ready before the end of 1997. But a possible federal election may delay the passage of the bill ... | 6 |
A furry hedgehog, idyllic sunsets and the meaner streets of Budapest seem unlikely moneyspinners, but such images are crowding Canada's airwaves as the annual mutual fund season kicks into gear.
Armed with high-powered ad campaigns, eager fund sellers are vying for the billions of dollars Canadians will pour into regis... | 6 |
Canada's six biggest banks are poised for a further round of buoyant profits when they begin reporting third-quarter earnings on Tuesday.
An improved interest rate picture, higher investment banking and dealing revenues and better loan quality are expected to drive profits in the third quarter ended July 31.
On average... | 6 |
Protesters hit Toronto streets on Friday, paralysing rush-hour subway trains and closing businesses in Canada's biggest city to protest deep budget cuts by Ontario's Conservative government.
Underground subway and bus service ground to a halt in this city of 2.2 million people, forcing about one million commuters to wa... | 6 |
Canada's six biggest banks are poised for a further round of buoyant profits when they begin reporting third-quarter earnings Tuesday, setting the stage for a third consecutive record year, analysts said.
An improved interest rate picture, higher investment banking and dealing revenues and better loan quality are expec... | 6 |
U.S. mutual fund giant Fidelity Investments said on Saturday that Canadian regulators were investigating trades made by Veronika Hirsch, the star manager of their new Canadian equity fund.
Hirsch's 27-city road show to promote Fidelity's True North fund has been postponed as a result of the regulatory review, said a sp... | 6 |
Far from the hoopla of the U.S. presidential race, Jack Kemp's youngest son, Jimmy, has been tossing footballs on Canada's windswept prairie and relishing his relative anonymity.
To football fans in this small western Canada city, Kemp is better known as the quarterback of their beloved Saskatchewan Roughriders than th... | 6 |
Ontario Finance Minister Ernie Eves, buoyed by a stronger economy and an improving deficit outlook, said on Thursday his budget-paring knife would not cut as deep this year.
"I would say that the majority of the cost-cutting exercise this government has to do is behind us," Eves told reporters after delivering a fiscal... | 6 |
Canada's financial markets gave an approving nod to Finance Minister Paul Martin's stay-the-course 1997/98 budget on Tuesday, with some analysts expecting a modest rally on Wednesday.
In what is expected to be an election year, the Liberal government said it will maintain pressure on the deficit while offering minor ta... | 6 |
Canada's cash-strapped public broadcaster, the CBC, cut almost 1,000 jobs on Wednesday in an overhaul that might eventually include on-air fund-raising drives and corporate sponsorships.
The Canadian Broadcasting Corp. -- faced with a C$414 million ($304 million) reduction in government subsidies -- told 996 employees ... | 6 |
The Toronto Stock Exchange's key 300 Index reached its 50th record close of 1996 on Thursday and broke the 5600 barrier for the first time.
The TSE 300 Composite Index rose 8.01 points to close at 5598.82, surpassing a streak of 45 record finishes in 1987.
The Index also breached the 5600 barrier, setting an intraday h... | 6 |
The Canadian Football League is set to hold what many fear may be its last Grey Cup championship on Sunday after a chaotic, money-losing season.
The championship between the Toronto Argonauts -- led by former Boston College star quarterback Doug Flutie -- and the Edmonton Eskimos, is the 84th league title game.
But som... | 6 |
Veronika Hirsch, a flamboyant Canadian stock picker whose high-profile move to Fidelity Investments was marred by controversy, parted with the Boston-based fund company on Tuesday.
"We've concluded the discussions and Fidelity wishes Ms. Hirsch well in her future endeavours," Fidelity spokesman Chethan Lakshman said in... | 6 |
Shares in Canadian brewing and sports firm Molson Cos. Ltd. sank on Monday after its Molson Breweries unit lost the rights to brew Coors Light, Canada's top-selling light beer, in a dispute with Adolph Coors Co..
Investors pounded Molson's stock after an arbitration panel ruled late Friday that Molson reliquished its r... | 6 |
Two major shareholders in Canada's Altamira Management Ltd. have set a mid-December deadline to resume their court action to block a C$660 million takeover bid by Manufacturers Life Insurance Co. Ltd. if negotiations to settle the dispute fail.
"The preference is to resolve this as quickly as possible," said Rick Leckn... | 6 |
Bank of Montreal, Canada's third biggest bank, said Tuesday annual profits soared past C$1 billion ($750 million) as it kicked off the fourth-quarter earnings reporting season for the country's largest banks.
The Toronto-based bank, which has operations in Canada, the United States and Mexico, said net income jumped 18... | 6 |
Royal Bank of Canada, Canada's biggest bank, rolled up a record annual profit Wednesday and surprised shareholders with a dividend hike.
The Toronto-based bank said net income jumped to C$1.43 billion ($1.05 billion) in the year ended Oct. 31, up from C$1.26 billion ($931 million) in 1995.
Royal Bank also boosted its q... | 6 |
Protesters hit Toronto streets on Friday, paralyzing rush-hour subway trains and closing businesses in Canada's biggest city to protest deep budget cuts by Ontario's Conservative government.
Underground subway and bus service ground to a halt in this city of 2.2 million people, forcing about one million commuters to wa... | 6 |
The battle for Canada's Altamira Management Ltd. took a surprising twist on Wednesday when U.S. investment firm T.A. Associates Inc. launched a rival C$767 million ($572 million) bid for Canada's 12th-largest mutual fund company.
Boston-based T.A. Associates said it is offering C$38 ($28) per share for Altamira, which ... | 6 |
Toronto stocks soared to new heights on Wednesday, powered by a rally in bank shares as foreign investors stampeded into Canada's financial markets, lured by falling interest rates and a recovering Canadian economy.
Shares in Canada's big six banks hit 52-week highs on the Toronto Stock Exchange, propelling the country... | 6 |
Anti-government protests swept across Canada's biggest city Friday as demonstrators in Toronto shut down the transit system, disrupted businesses and tried to break into the Toronto Stock Exchange.
Thousands of union workers, civil servants and other citizens descended on government offices, transit stations and factor... | 6 |
Canada's major banks, still smarting from last year's bank-bashing budget, are hoping for no major surprises and perhaps some tax relief from Finance Minister Paul Martin next week.
Last year, Martin stunned the banks when he rejected their bid for expanded powers in insurance. He also extended a controversial capital ... | 6 |
The Canadian Football League began searching for a new leader on Wednesday after CFL commissioner Larry Smith resigned following a chaotic, money-losing season.
Smith, 45, said he will not seek a second term as commissioner when his five-year contract expires on April 1, 1997.
"I am proud to have had the opportunity to... | 6 |
Stock in Canadian waste and transportation firm Laidlaw Inc. soared on Tuesday as investors and analysts applauded major moves in ambulance services and waste management worth over $2 billion.
While Laidlaw's stock hit new heights on the Toronto Stock Exchange, Chief Executive Officer James Bullock said the company was... | 6 |
Toronto stocks soared to new highs on Wednesday as foreign investors jumped into Canada's financial markets, lured by falling interest rates and the recovering economy.
Shares in Canada's big six banks hit 52-week highs on the Toronto Stock Exchange, propelling the country's biggest stock market to its 53rd record clos... | 6 |
Toronto stocks ended weaker amid profit taking on Friday, but not before Canada's biggest stock market had struggled to a new intraday high.
The TSE 300 Composite Index fell 7.51 points to close at 5591.31 in brisk turnover of 90.4 million shares valued at C$1.47 billion ($1.1 billion).
Declining stocks outpaced advanc... | 6 |
Quarterback Doug Flutie led the Toronto Argonauts to a 43-37 victory over the Edmonton Eskimos and the championship of the endangered Canadian Football League on Sunday.
In what may have been the last Grey Cup game, the Argonauts overcame a driving snowstorm and a gritty Eskimo club to capture their first CFL champions... | 6 |
Canada's Big Six banks are cruising toward a record C$6 billion ($4.4 billion) annual profit with strong earnings from three banks and buoyant profits expected from Canada's two other largest banks next week.
Bank of Montreal and Bank of Nova Scotia -- the number three and four banks respectively -- cracked the C$1 bil... | 6 |
Canada's Big Six banks are poised for a third straight year of record profits when they begin reporting year-end earnings on Tuesday, but analysts expect earnings growth to slow in 1997.
The group's combined profit is expected to top C$6 billion ($4.5 billion) for the year ended Oct. 31, eclipsing a record C$5.2 billio... | 6 |
"The Times They Are a-Changin" -- Bob Dylan's counter-culture anthem of the 1960's -- is being used in a commericial for a Canadian bank and some fans are up in arms.
The Bank of Montreal is running a television commercial using the American singer's 1964 folk classic to lure baby boomers into the country's third bigg... | 6 |
Veronika Hirsch, the flamboyant Canadian stock picker hired recently to spearhead Fidelity Investments' drive to dominate the Canadian market, has been removed from her fund as she is probed by Canadian regulators.
The dramatic move -- just three months after Canada's so-called "Fund Diva" joined the mutual fund giant ... | 6 |
Toronto, Canada's biggest city and financial capital, is bracing for a near shutdown Friday when protesters hit the streets against deep budget cuts by Ontario's Conservative government.
The so-called "Days of Protest" on Friday and Saturday are shaping up to be the biggest labour protest in Canada since the Winnipeg G... | 6 |
Shares in Canadian waste and transportation firm Laidlaw Inc soared on Tuesday as investors and analysts applauded major moves in ambulance services and waste management worth over $2 billion.
While Laidlaw's stock hit new heights on the Toronto Stock Exchange, chief executive officer James Bullock said the company is ... | 6 |
Anti-government protests swept across Canada's biggest city on Friday as demonstrators in Toronto shut down the transit system, disrupted businesses and tried to break into the Toronto Stock Exchange.
"We've come to the place where the real power is ... They get their power and strength from inside this building," Jim ... | 6 |
Ontario Hydro, North America's biggest power utility, said Tuesday that it would take a huge C$2.5 billion ($1.8 billion) charge in 1996 to strengthen its financial structure.
The debt-laden, Ontario government-owned utility said its board of directors also approved a C$600 million ($440 million) charge against 1997 ea... | 6 |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.