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Auto parts maker Magna beats second-quarter estimates, raises forecast

Canadian auto parts maker Magna International Inc on Friday reported better-than-expected quarterly profit, helped by higher demand in Europe and Asia, and raised its full-year sales forecast for the second time in three months. 143 more words

News

Waiting for a correction?: Warren Buffett's cash hoard nears US$100 billion

It’s a milestone Warren Buffett probably wishes he weren’t approaching.

Berkshire Hathaway Inc., the conglomerate he’s run for more than five decades, reported Friday that it held just shy of US$100 billion in cash at the end of the second quarter. 490 more words

Investing

'It won't happen overnight': Valeant eyes new products amid slow restructuring

Still grappling with its towering debt, Valeant Pharmaceuticals International Inc. on Tuesday focused on promoting several new consumer health products that the company hopes will reinvigorate its shrunken cash flows. 580 more words

Investing

National Bank of Canada's earnings beat market expectations

TORONTO — National Bank of Canada on Wednesday reported second quarter results which were ahead of market expectations, helped by a strong performance from its wealth management division. 60 more words

Economy

Free Canadian businesses from the shackles of the quarterly report

The years after the financial crisis have seen a renewed focus on long-term value creation among investors, regulators and — as a result — management teams. 933 more words

FP Comment

With earnings season right around the corner, we have identified five Canadian small cap stocks with significant growth in expected earnings per share, quarter over quarter. 41 more words

Small Cap Investing

SNC-Lavalin's revenue falls 16 per cent on weakness in its engineering and construction division

Canada’s SNC-Lavalin Group Inc reported a 16.4 per cent fall in quarterly revenue on Thursday due to weakness in its engineering and construction business.

The company’s net income attributable to shareholders fell to $1.6 million, or 1 Canadian cent per share, in the fourth quarter ended Dec. 36 more words

Investing