“While the top line and subscriber growth rates moderated in the quarter from 2009, we held our expenditures in solid check enabling us to continue to invest at a healthy rate in customer retention, network enhancement and product development initiatives,” said Nadir Mohamed, President and Chief Executive Officer of Rogers Communications Inc. [Click on Logo to learn more]
“TransCanada’s strong comparable earnings for the fourth quarter of 2010 demonstrates the stability of our core businesses,” says Russ Girling, TransCanada’s president and chief executive officer. “The Company continues to advance its unprecedented $20 billion capital program as more projects begin operations – the Cushing extension of Keystone and the Groundbirch and Bison natural gas pipelines are the latest large scale projects to be brought into service – projects that will further contribute to TransCanada’s earnings and cash flow for years to come.” [Click on Logo to learn more]
“We are very pleased with the traction we gained in the marketplace in 2010, and believe Allstream’s fourth quarter IP results are indicative of our ability to deliver double digit IP revenue growth in 2011,” said Pierre Blouin, CEO of MTS Allstream. [Click on Pic to learn more]
Cargill today reported net earnings of $1.49 billion in the fiscal 2011 second quarter ended Nov. 30, compared with $489 million in the same period a year ago. Excluding earnings from its majority investment in The Mosaic Company, Cargill earned $832 million, nearly double last year’s $420 million. [Click on Logo to learn more]
ScotiaFunds ranked number one in total net sales amongst Canadian schedule one banks in fiscal 2010, and DundeeWealth is the best selling and top performing independent wealth management group in the Canadian marketplace. Together we will provide clients, advisors and shareholders with even greater value,” said Rick Waugh, Scotiabank President and CEO. [Click on Pic to learn more]
The Canadian Securities Administrators (CSA) published for comment proposed amendments to Form 51-102F6, Statement of Executive Compensation designed to improve the disclosure investors receive regarding executive compensation. The proposals clarify existing requirements and introduce new substantive requirements to enhance the quality of information disclosed by public companies about key risks, governance and compensation matters. [Click on Pic to learn more]
One of those entrepreneurs is George Yung, CEO, of CBIT Computer Boulevard in Winnipeg. Yung, who has more than 40 employees, said the BDC loan came at just the right time: “I’m using the money to build up my inventory so I have more variety and a bigger range of products for customers at Christmas. The loan certainly came in handy.” [Click on Logo to learn more]
Michael H. McCain, Maple Leaf Foods’ President and CEO, said, “We are focused on implementing the plan, which will see us build strength and competitiveness in our business by simplifying products and product lines, increasing the scale of our manufacturing facilities, and investing in advanced technology.” [Click on Pic to learn more]
The need for consistent, decisive ecological accounting principles has been argued in professional circles for some time, but is perhaps never better illustrated than right now in aftermath of the Deepwater Horizon ecological catastrophe. This need was brought home for tens of thousands of BP PLC investors when they lost close to $100 billion in share value almost overnight. [Click on Pic to learn more]
RCI is acquiring the Cogeco Inc. shares and the Cogeco Cable Inc. shares for investment purposes. RCI has no current intention of acquiring ownership of or control or direction over any additional Cogeco Inc. or Cogeco Cable Inc. shares but reserves the right to acquire additional shares of Cogeco Inc. or Cogeco Cable Inc., to sell all or any portion of its holding of such shares or to enter into derivative or other transactions with respect to the shares owned by it. [Click on Logo to learn more]
“The rapid rise in raw material costs in both grains and meat proteins, is the story for 2010,” said Michael H. McCain, President and CEO. “Notwithstanding this significant inflation, we realized our sixth consecutive quarter of earnings growth, continued margin expansion in the protein segment, and double digit earnings per share improvement over last year.” [Click on Logo to learn more]
“Our financial performance in 2010 reflects our investment in change that adds a new dimension to our business as we have brought our U.S. sales and marketing in-house for the first time in our history. We have also invested in pipeline development, particularly with respect to IGIV, a widely used anti-infective product that we believe will be a good complement to our hospital-based commercial product line-up. Our solid cash and debt-free position allowed us these opportunities to invest in our future growth,” said Dr. John Langstaff, president and CEO of Cangene. [Click on Logo to learn more]
