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West Fraser misses first quarter analyst expectations as earnings plunge

West Fraser misses first quarter analyst expectations as earnings plunge

VANCOUVER — West Fraser Timber Co. Ltd. says earnings dropped significantly in the last quarter as the company felt the impact of lower production and demand.
Aecon beats expectations as first-quarter loss cut in half on higher revenues

Aecon beats expectations as first-quarter loss cut in half on higher revenues

TORONTO — Aecon Group Inc. beat analyst expectations as its net loss was cut by more than half in the first quarter on a 20-per-cent growth in revenues and a higher backlog. The Toronto-based construction firm says it lost $9.

Most actively traded companies on the TSX

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,576.10, down 10.42 points ). Bombardier Inc. (TSX:BBD.B). Industrials. Down 44 cents, or 15.07 per cent, to $2.48 on 75.8 million shares.
Bombardier weighs on Toronto stocks, U.S. markets mixed on earnings reports

Bombardier weighs on Toronto stocks, U.S. markets mixed on earnings reports

TORONTO — Canada's main stock index fell for a second day since breaching a new high as Bombardier Inc.'s weakened outlook weighed on the key industrials sector. The S&P/TSX composite index closed down 10.42 points at 16,576.
Bombardier shares plunge after company slashes revenue forecast by US$1B

Bombardier shares plunge after company slashes revenue forecast by US$1B

MONTREAL — Bombardier Inc. cut its revenue and profit forecast for 2019, citing production problems at its train-making unit and triggering a plunge in the company's shares as analysts questioned the company's credibility.
Air Canada scrubs 737 Max jets from schedule through July as cost concerns rise

Air Canada scrubs 737 Max jets from schedule through July as cost concerns rise

MONTREAL — Air Canada says it is removing its grounded Boeing 737 Max jets from service until at least Aug. 1 in order to provide more certainty for passengers with summer travel plans.
Precision Drilling relies on U.S. growth as Canadian revenue percentage falls

Precision Drilling relies on U.S. growth as Canadian revenue percentage falls

CALGARY — Strong growth in U.S. oilfield activity made up for declines on the Canadian side of the border as Precision Drilling Corp. beat analyst expectations with first-quarter results posted Thursday.

Lucara Diamond finds another big diamond at Karowe mine in Botswana

VANCOUVER — Lucara Diamond Corp. says it has found a 1,758-carat diamond at its Karowe diamond mine located in Botswana. The company says it is one of the largest diamonds ever found and the largest diamond to be mined at Karowe so far.
Nova Scotia wants to replicate Chinese trade success with Europe

Nova Scotia wants to replicate Chinese trade success with Europe

HALIFAX — Nova Scotia has turned its trade focus to growing its European exports through a new strategy that builds on successful efforts to boost trade with China.

Ontario pot retailers who failed to open stores by April 15 face more penalties

TORONTO — Cannabis retailers in Ontario who have failed to open their stores by a government-set deadline are facing a new round of financial penalties.