Tag Archives | The Canadian Business Journal

Petro-Canada invites Canadians to “Live by the Leaf” in new marketing campaign

CALGARY, Alberta, Aug. 07, 2018 (GLOBE NEWSWIRE) — Petro-Canada, a Suncor business, today publicly unveiled its new brand platform, inviting Canadians to “Live by the Leaf” and to be “Fièrement d’ici” (“Proudly from here”). Customers will see new branding at Petro-Canada stations across the country, as well as in a new TV and online advertising […]

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TransGlobe Energy Corporation Announces Release Date of Second Quarter 2018 Results and Conference Call

AIM & TSX:  “TGL” & NASDAQ:  “TGA” CALGARY, Alberta, Aug. 07, 2018 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe”) will announce its second quarter 2018 financial and operating results on Tuesday August 14, 2018 before the opening of the stock markets.  A conference call and webcast to discuss the results will be held the same […]

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Swoop Adding 5 U.S. Cities

CBJ — Discount airliner Swoop will become Canada’s first ultra low cost airline to fly to the United States when it launches service this fall to five popular tourist destinations in Florida, Nevada and Arizona. The subsidiary of WestJet Airlines Ltd. will start Oct. 11 with flights to Las Vegas from Abbotsford, B.C., and Edmonton, […]

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Enbridge Has Better 2nd Qtr Earnings

CBJ — Enbridge Inc. has reported better-than-expected second-quarter earnings of $1.07 billion, as it worked to sell a number of non-core assets to help eliminate debt. The Calgary-based pipeline operator’s profit amounted to 63 cents per share and compared with $919 million, or 56 cents per share in the second quarter of 2017. Both quarters […]

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Aimia and Porter Form Partnership

CBJ — Aimia Inc. has formed an alliance with Porter Airlines to become a preferred Canadian airline for the Aeroplan loyalty points program as of July 2020, when the arrangement with Air Canada ends. The partnership follows Aimia’s rejection of a bid for Aeroplan from an Air Canada-led group that included the key Aeroplan credit card […]

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Pengrowth Reports Second Quarter Results With 16% Increase in Average Daily Production and 40% Increase in Adjusted Funds Flow Since Q1 2018

CALGARY, Alberta, Aug. 03, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today reported its results for the three and six months ended June 30, 2018. Unless otherwise indicated, financial figures are expressed in Canadian Dollars. “We continue to execute on the multi-year development plan we launched on June 26th of this year. […]

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Freehold Royalties Ltd. Strong Growth in Funds from Operations and Second Quarter Results

CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced second quarter results for the period ended June 30, 2018. Results at a Glance         Three Months Ended Six Months Ended   June 30 June 30 FINANCIAL ($000s, except as noted) 2018 2017 Change   2018 2017 Change […]

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VVC Exploration Intersects Additional Significant Near Surface Copper Mineralization In Drilling on the Samalayuca Property, Chihuahua State, MX

TORONTO, Aug. 02, 2018 (GLOBE NEWSWIRE) — VVC Exploration Corporation (“VVC” or the “Company”) (TSXV:VVC) announces assay results from its ongoing diamond drilling program on the Samalayuca Copper property in northern Chihuahua State, Mexico.  The results define and extend the copper mineralization in the near surface Gloria extension zone first drilled in 2017. Samalayuca Drilling […]

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Wells Fargo To Pay $2.1 Billion Fine

CBJ — Wells Fargo, one of America’s largest banks, has agreed to pay a US$2.1 billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble that ultimately led to the 2008 financial crisis. The fine is smaller than those paid by Bank of America, Citigroup and […]

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Tesla Shares Up Despite Record Losses

CBJ — The magic of Elon Musk continues to impress investors, who still believe the tech innovator is on the path to something big despite Tesla posted record losses in the last quarter. Tesla’s stock price soared despite reporting a record $717.5m loss for the second quarter of 2018. Musk, who is Tesla’s CEO, appeared […]

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