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Business staffing plans for Friday, Nov. 6
(Canadian Press DataFile Via Acquire Media NewsEdge) BUSINESS EDITORS: Here are The Canadian Press Business staffing plans as of 4 p.m. EST.
Plans may change as circumstances warrant. Queries should be addressed to business editor John Valorzi at 416-507-2146 or Brian McKenna on the business desk at 416-507-2138 or Craig Wong at 613-231-8631. To contact CP Business by email, send messages to businessthecanadianpress.com.
In addition to the following, a story slugged BC-Economy will move General (G) and Business (B). Please guard against duplication.
OTTAWA _ Canada's economy shed more than 43,000 jobs last month in a clear indication that the struggling economy is still feeling the aftershock of the deep recession that erupted a year ago .The unexpectedly large job loss u the consensus of economists was for a gain of 10,000 u pushed Canada's unemployment rate up two-tenths of a point to 8.6 per cent and reverses much of the previous two months' jobs rebound. 650 words. By Julian Beltrame. BC-Jobs, 3rd Writethru. Moved.
MONTREAL _ SNC Lavalin (TSX:SNC) is expected to increase its profitability over the next two years after its net earnings grew to $103.1 million in the third quarter despite a revenue slide from year-ago levels. 600 words. By Ross Marowits. BC-SNC-Lavalin.
MONTREAL _ Air Canada (TSX:AC.B) is seeing small signs of improvement but doesn't expect full recovery in its key business class for at least a year, the airline's chief executive said Friday during a conference call about the airline's third-quarter results. 600 words. By Ross Marowits. BC-Air-Canada. Moved.
MONTREAL _ Research In Motion and Apple were still locked in the top two positions in North America with their BlackBerry and iPhone smartphones in the third quarter ended Sept. 30. Next year is likely going to determine if they stay in those positions with the increased availability of the iPhone in Canada and smartphone growth in general, say analysts. RIM's stock was under pressure earlier this week after an analyst report downgraded the company's stock to a ``sell'' rating, saying the BlackBerry maker is facing greater competition from other smartphone companies. 550 words. By LuAnn LaSalle. BC-RIM-Apple.
TORONTO _ Brookfield Asset Management Inc. (TSX:BAM.A) profit and revenue fell in the third quarter but the company managed to meet or beat analyst expectations. The diversified Toronto-based investment company, which is active in real-estate, forestry and power generation, said its net income fell to US$112 million or 17 cents per diluted share in the third quarter. 600 words. By B.H. McKenna. BC-Brookfield, 3rd Writethru. Moved.
CALGARY _ Suncor Energy Inc. (TSX:SU) plans to shed up to $4 billion in assets next year as it continues to digest the various operations it took on through its union with Petro-Canada earlier this year. 700 words. By Lauren Krugel. Suncor, 3rd Writethru. Moved..
VANCOUVER - Telus Corp. (TSX:T) said revenue and profit will come in lower-than-expected this year due to impacts from a weak economy and the telecom giant's increased spending on the early launch this week of a new wireless network and the iconic Apple iPhone. 800 words Brenda Bouw. BC-Telus, 4th Writethru. Moved
WASHINGTON _ The U.S. unemployment rate has surpassed 10 per cent for the first time since 1983 u and is likely to go higher. Nearly 16 million people can't find jobs even though the worst recession since the Great Depression has apparently ended. The Labour Department said Friday that the economy shed a net total of 190,000 jobs in October, less than the downwardly revised 219,000 lost in September. August job losses were also revised lower, to 154,000 from 201,000. 734 words. By Christopher S. Rugaber. See Photo . BC-US-Economy, 3rd Writethru. Moved.
NEW YORK _ Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983. By Chris Kahn. BC-Oil Prices, 2nd Writethru. Moved.
NEW YORK _ AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year. 950 words. By Stephen Bernard. BC-US-Earns-AIG, Budget. Moved.
DETROIT _ The head of GM's European auto business will leave the company, two people briefed on the decision say. Three days earlier GM backed out of a deal to sell Opel and Vauxhall, raising fears among European workers that the company will make deep cuts as it overhauls those businesses. 600 words. By Tom Krisher and George Frey. BC-Opel-CEO, 2nd Writethru. Moved.
BEIJING _ China criticizes Washington for imposing anti-dumping duties on Chinese-made steel pipes and launched a probe of imported U.S. autos, adding to trade tensions two weeks before President Barack Obama visits Beijing. The latest moves ratchet up disputes over market access for goods from poultry and tires to Hollywood movies. By Business Writer Joe McDonald. See AP Photo. BC-China-US-Trade. Moved.
The Canadian Press is also following:
TORONTO _ The Toronto stock market was slightly higher late Friday morning, held aloft by rising gold stocks as bullion continued to advance. But investors weren't otherwise inclined to do much amid employment news from Canada and the United States that missed expectations. The S&P/TSX composite index gained 11.9 points to 11,192.7. By Malcolm Morrison. BC-Dollar-Markets, 4th Writethru. Moved. Will be Updated.
DARTMOUTH, N.S. _ Newfoundland Capital Corporation Ltd., one of Canada's biggest radio broadcasters, says it earned a net profit of $6.2 million in the third quarter, mainly on a gain of $5.6 million on an asset sale. BC-Newfoundland-Capital. Moved.
HALIFAX _ Emera Inc., owner of Nova Scotia Power and other utilities, reports its financial results. BC-Emera, 1st Writethru. Moved. Will be Updated
MONTREAL _ Cascades Inc. shares gained almost seven per cent Friday morning after the Quebec-based paper and packaging company (TSX:CAS) reported that it posted its sixth consecutive quarter of improved results. Investors sent shares up 51 cents to $8.25 shortly before noon on the Toronto Stock Exchange. By LuAnn LaSalle. BC-Cascades-Results, 1st Writethru. Moved. Will be Updated with closing stock price.
ROUGEMONT, Que. _ Lassonde Industries Inc. (TSX: LAS.A) reported an increase in both third-quarter revenue and profit on Friday. BC-Lassonde. Moved.
LAVAL, Que. _ Labopharm Inc. (TSX:DDS) is cutting almost 25 per cent of its workforce due to ``corporate streamlining,'' the drug developer said Friday after posting a wider third-quarter loss. BC-Labopharm, 1st Writethru. Moved.
TORONTO _ Shares of Magna International Inc. (TSX:MG.A) jumped 15 per cent in trading Friday after the auto parts company reported a third-quarter profit of $51 million. BC-Maga. Moved. Will be Updated with closing stock price.
TORONTO _ Discontinued businesses continued to plague Kingsway Financial Services Inc., (TSX:KFS) as the truck and auto insurance company widened its loss in the third quarter amid aggressive restructuring efforts. The Toronto-area company, which keeps its books in U.S. dollars, reported a net loss of $118.1 million or $2.19 per share for the quarter ended Sept. 30. 488 words. BC-Kingsway-Financial.
TORONTO _ MagIndustries Corp. (TSX:MAA) is acquiring a Congolese company, Potasse du Congo, through a subsidiary in a transaction involving both cash and royalties. BC-MagIndustries.
TORONTO _ Legendary U.S. oil investor T. Boone Pickens is launching an investment fund in Canada that will focus on traditional and alternative energy properties in conjuction with BMO Nesbitt Burns Inc. BC-Pickens-Energy-Fund, 1st Writethru. Moved
TORONTO _ Canadian Real Estate Investment Trust (TSX:REF.UN) reports third-quarter net income of $30.4 million or 46 cents per unit, up from year-ago profit of $18.9 million or 31 cents per unit. Revenue rises slightly to $81 million from year-ago $78 million. Quarterly funds from operations total $37.5 million, up from $36.1 million last year. BC-Canadian-Real-Estate-Investment, 1st Writethru.
TORONTO _ Aecon Group Inc. (TSX:ARE), a major construction services company based in Toronto, says its Aecon Field Services division has won two contracts worth $125 million from Consumers' Co-operative Refineries Ltd. to modify the processing equipment at the company's Regina refinery. BC-Aecon. Moved.
TORONTO _ Public Storage Canadian Properties (TSX:PUB) said Friday its profits were cut almost 30 per cent while revenues inched up slightly in the third quarter. BC-Public-Storage, 1st Writethru. Moved.
BELLEVILLE, Ont. _ Bioniche Life Sciences Inc. (TSX:BNC) says its first-quarter loss widened to $6.8 million or nine cents a share versus a year-earlier loss of $3.3 million or five cents a share. The biotechnology company posted revenues of $7.1 million, down from $8 million. BC-Bioniche. Moved.
CONCORD, Ont. _ Junior oil and gas producer Epsilon Energy Ltd. (TSX:EPS) widened its third-quarter loss to US$2.8 million compared with the same quarter in the prior year period after revenues plunged 75 per cent. BC-Epsilon-Energy, 1st Writethru. Moved.
MISSISSAUGA, Ont. _ ClubLink Enterprises Ltd. (TSX:CLK) said Friday that it earned $17 million in its latest quarter, up from $14.5 million a year ago. The company said the profit amounted to 63 cents per share for the quarter ended Sept. 30 compared with a profit of 64 cents per share a year ago when the company had fewer shares outstanding. BC-ClubLink, 2nd Writethru. Moved.
WINNIPEG _ FP Newspapers Income Fund (TSX:FP.UN) reports third-quarter profit at operating division, owner of the Winnipeg Free Press and Brandon Sun newspapers, shrank to $1.1 million from year-ago $2.5 million, revenue down 14.3 per cent to $26.6 million on weakness in ad revenues. Fund net earnings $1.3 million, down from $2 million a year earlier. BC-FP-Newspapers, 1st Writethru.
WINNIPEG _ Arctic Glacier Income Fund (TSX:AG.UN) swings to profitability in the third quarter as it earned US$8.3 million or 21 cents a share, reversing a loss of $6.5 million or 17 cents a share in the corresponding period last year. The ice packager's revenues were $100.8 million, down eight per cent from $109.9 million. BC-Arctic-Glacier.
SASKATOON _ Claude Resources Inc. (TSX:CRJ), a small gold miner based in Saskatoon, reports its net loss narrowed in the third quarter to $0.4 million from $1.7 million. Gold revenue from the company's Seabee operation in Saskatchewan rose 17 per cent to $12.7 million from $10.9 million in the year-earlier period. BC-Claude-Resources. Moved.
CALGARY _ Bonterra Oil & Gas Ltd. (TSX: BNE), a Calgary-based energy producer, says it has closed the sale of a portion of its Shaunavon oil production in southwestern Saskatchewan to Eagle Rock Exploration Ltd. (TSXV:ERX). BC-Bonterra-Oil-Sale, 1st Writethru. Moved.
CALGARY _ Ember Resources Inc. (TSX:EBR) falls to $7.3-million third-quarter loss from year-ago $420,000 profit, natural gas sales down 28 per cent to $6.6 million; sets equity financing at 23.5 million shares at 85 cents each for proceeds of about $20 million. BC-Ember-Resources. Moved Datafile only.
CALGARY _ Compton Petroleum Corp. (TSX:CMT) dogged by depressed natural gas prices, profit drops 78 per cent to $13 million, revenue down 70 per cent to $47.3 million. BC-Compton. Moved.
CALGARY _ TransAlta Corp. (TSX:TA) is taking a cautious approach on capital spending in light of uncertainty over government regulations on carbon emissions and capture, the Calgary-based power producer said Friday. Steve Snyder, TransAlta's president and chief executive officer, said the company has made significant strides towards reducing its ``carbon footprint.'' BC-TransAlta, 1st Writethru. Moved
CALGARY _ Petrolifera Petroleum Ltd. (TSX:PDP) reports a loss of $11.4 million or 14 cents share in the third quarter, a major turnaround from last year's profit of $3.6 million or six cents a share in the same quarter. Revenue fell almost in half to $17.2 million from $32.1 million. BC-Petrolifera.
VANCOUVER _ Boston Pizza Royalties Income Fund's (TSX:BPF.UN) third-quarter profit slimmed down to $4.9 million while income from royalties dropped slightly, the restaurant franchisor said Friday. BC-Boston-Pizza, 1st Writethru. Moved.
VANCOUVER _ Lion Energy Corp. (TSXV:LEO) announced Friday it plans to acquire Gold Star Resources (TSXV:GXX) and U.S.-based Southern Star Energy Inc. in an all-stock deal valued at about $7.6 million. BC-Lion-Energy, 1st Writethru. Moved.
VANCOUVER _ Gold Wheaton Gold Corp. (TSXV:GLW) said Friday it has signed a deal with First Uranium Corp. (TSX:FIU) to buy seven per cent of the gold production from the Ezulwini Mine in South Africa. BC-Gold-Wheaton, 1st Writethru. Moved Datafile only.
NEW YORK _ CF Industries Holdings Inc. (NYSE:CF) has rejected rival fertilizer maker Agrium Inc.'s (TSX:AGU) sweetened takeover bid, saying the $4.5 billion bid significantly undervalues the company. BC-US-CF-Industries-Agrium. Moved.
LEESBURG, Va. _ Curtiss-Wright Controls Embedded Computing, a U.S.-based designer and manufacturer of rugged computer electronics for the aerospace and defence markets, says it has begun a significant expansion of its Ottawa plant. BC-Curtiss-Wright-Controls. Moved.
FOR EDITORS PLANNING MONDAY BUSINESS SECTIONS OR WEEKEND WEBSITES, THE FOLLOWING WILL MOVE ON THE SUNDAY BUDGET:
CALGARY _ The cost of transporting natural gas eastward from Alberta is expected to go up significantly next year for producers, but that does not necessarily mean consumers will notice a difference on their home-heating bills. 600 words. TransCanada-Tolls.
TORONTO -- Stock markets could be in for some further gains this week after a better feeling about the U.S. economy put investors in the mood to claw back a good sized chunk of the losses from the previous week.The TSX ran ahead last week despite disappointing employment data for Canada and the U.S. which came out on Friday, a big turnaround from the slide of more than four per cent in the previous week when investors were consumed by worry about the strength of a U.S. economic revival. 756 words. By Malcolm Morrison. Dollar-Markets Lookahead.
MONDAY BUSINESS CALENDAR:
CHARLOTTETOWN _ The Atlantic Provinces Economic Council holds its Outlook 2010 conference on the economic recovery in the region. (Delta Prince Edward Island)
MONTREAL _ Canadian Wind Energy Association holds two-day conference (Nov. 9-10) on emerging opportunities in Quebec and North America. (8:30 a.m. at Hilton Montreal Bonaventure)
X-MONTREAL _ Information technology company CGI Group Inc. releases its fourth-quarter earnings followed by a conference call. Dial 1-800-769-8320 or go to www.cgi.com/investors to join webcast. (9 a.m.)
MONTREAL _ Pierre Beaudoin, president and chief executive at Bombardier Inc., speaks to the Canadian Club of Montreal. (2 p.m. at Centre Sheraton Montreal Hotel, 1201 Boulevard Rene-Levesque West)
MONTREAL _ Miner Semafo issues its third-quarter earnings. A conference call will be held Nov. 10.
INGERSOLL, Ont. _ GM Canada President Arturo Elias makes announcement regarding operations at CAMI Automotive. Joined by Industry Minister Tony Clement and Economic Development and Trade Minister Sandra Pupatello. Media registration 9:45 a.m. (10:30 a.m. at CAMI Automotive, 300 Ingersoll Street )
MISSISSAUGA, Ont. _ Easyhome Ltd., a merchandising leasing company, will issue its third-quarter results at the close of the markets. A conference call will be held Nov. 10. (4 p.m.)
TORONTO _ Noranda Income Fund reviews its third-quarter results on conference call. Dial 416-340-8018. (8 a.m.)
TORONTO _ Whiterock REIT holds a conference call to review its third-quarter results. Dial 416-800-1066. (11 a.m.)
TORONTO _ Allied Properties REIT releases its third-quarter results after markets close. A conference call will be held on Nov. 10. (4 p.m.)
TORONTO _ The Canadian Innovation Exchange holds its cocktail reception where Canada's Top 20 most innovative companies will be unveiled. (5 p.m. at Spoke Club, 600 King St. West)
TORONTO _ Franco-Nevada Corp. reports its third-quarter earnings in the afternoon. A conference call follows Nov. 10.
WATERLOO, Ont. _ Research In Motion hosts its second annual BlackBerry Developer Conference. Through Nov. 12.
CALGARY _ Trican Well Services Ltd., an oil and gas services provider, issues its third-quarter earnings after markets close. A conference call can be accessed through webcast at www.trican.ca or call 1-866-225-0198. (9 a.m.)
CALGARY _ Ensign Energy Services Inc. holds its third-quarter earnings conference call. Go to www.newswire.ca for webcast. (4 p.m.)
EDMONTON _ Former U.S. Federal Reserve chairman Alan Greenspan to speak on the world economy and oil and gas futures. (Shaw Conference Centre)
RED DEER, Alta. _ Fuel retailer Parkland Income Fund reviews its third-quarter results on conference call. Visit www.newswire.ca for webcast. (11 a.m.)
WINNIPEG _ Former premier and Canada's new ambassador to the United States Gary Doer speaks to the Winnipeg Chamber of Commerce about economic and trade partnerships. (11:30 a.m. at Winnipeg Convention Centre)
X-VANCOUVER _ Angiotech Pharmaceuticals Inc. holds a conference call to review its third-quarter results. Dial 1-800-599-9829, code: 64385781. (8 a.m.)
VANCOUVER _ Quadra Mining holds its third-quarter results conference call. Dial 1-866-226-1792. (11:30 a.m.)
VANCOUVER _ Miner Silvercorp. issues its second-quarter results after markets close. A conference call will be held Nov. 10. (1 p.m.)
VANCOUVER _ Fortress Paper Ltd. issues its third-quarter results. A conference call follows Nov. 10. (4 p.m.)
VANCOUVER _ Lionsgate releases its second-quarter earnings after markets close. A conference call follows Nov. 10.
VANCOUVER _ Miner Minefinders releases its third-quarter results. A conference call will be held Nov. 10.
THE CANADIAN PRESS
(c) 2009 The Canadian Press
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