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Finning reports Q4 profit down, hit by foreign exchange loss

Finning reports Q4 profit down, hit by foreign exchange loss

VANCOUVER — Finning International Inc. reported its fourth-quarter profit fell compared with a year ago as it was hit by a foreign exchange loss in Argentina due to government currency restrictions and a devaluation of the Argentine peso.
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Rate cut timing 'difficult to foresee' amid inflation pressures: BoC deliberations

Rate cut timing 'difficult to foresee' amid inflation pressures: BoC deliberations

OTTAWA — The Bank of Canada isn't sure when it will be able to start cutting interest rates as it continues to contend with inflation that's still too high and broad-based, its summary of deliberations of its Jan. 24 rate decision reveals.
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ExxonMobil to explore for oil and gas in offshore area under dispute by Guyana and Venezuela

ExxonMobil to explore for oil and gas in offshore area under dispute by Guyana and Venezuela

GEORGETOWN, Guyana (AP) — ExxonMobil said it plans to explore for oil and gas in a disputed area off South America’s coast where the Venezuelan military had previously expelled two U.S. oil companies.
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Statistics Canada reports $312M merchandise trade deficit for December

Statistics Canada reports $312M merchandise trade deficit for December

OTTAWA — Canada posted a merchandise trade deficit of $312 million in December, the first monthly trade deficit since July, as exports of cars and light trucks fell and lower oil prices weighed on energy shipments.
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New York Community Bancorp tries to reassure investors, but its stock falls again

New York Community Bancorp tries to reassure investors, but its stock falls again

NEW YORK (AP) — Shares of New York Community Bancorp fell another 11% Wednesday after the bank's credit rating got downgraded to “junk” and investors worried that regional lender could suffer the same fate Silicon Valley Bank did last year.
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From Uber Eats' 'Friends' reunion to Bud's Clydesdales, here are the buzziest Super Bowl ads so far

From Uber Eats' 'Friends' reunion to Bud's Clydesdales, here are the buzziest Super Bowl ads so far

NEW YORK (AP) — If you watch the Super Bowl for the commercials, you no longer have to wait until the big game to see what advertisers have in store for viewers.
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Laurentian Bank appoints three new members to its board of directors

Laurentian Bank appoints three new members to its board of directors

MONTREAL — Laurentian Bank of Canada announced the appointment of three new members to its board of directors. Board chair Michael Boychuk says Johanne Brunet, Jamey Hubbs and Paul Stinis have joined the board, effective today.
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Aircraft landing gear maker Héroux-Devtek reports Q3 profit and sales up

Aircraft landing gear maker Héroux-Devtek reports Q3 profit and sales up

MONTREAL — Héroux-Devtek Inc. reported a third-quarter profit of $9.0 million, up from $1.8 million a year earlier as its sales rose 16 per cent.
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Brookfield Asset Management Ltd. reports US$95M Q4 profit, raises dividend

Brookfield Asset Management Ltd. reports US$95M Q4 profit, raises dividend

TORONTO — Brookfield Asset Management Ltd. raised its dividend as it reported a profit of US$95 million in its latest quarter from its stake in the asset management business it owns with Brookfield Corp.
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NTSB says bolts on Boeing jetliner were missing before a panel blew out in midflight last month

NTSB says bolts on Boeing jetliner were missing before a panel blew out in midflight last month

Bolts that helped secure a panel to the frame of a Boeing 737 Max 9 were missing before the panel blew off the Alaska Airlines plane last month, according to accident investigators.
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