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Newly listed Topaz Energy forecasts double-digit earnings and output growth in 2021

Newly listed Topaz Energy forecasts double-digit earnings and output growth in 2021

CALGARY — Three weeks after its initial public offering, Topaz Energy Corp. says it expects about 15 per cent growth in royalty production and 38 per cent higher adjusted earnings next year compared with this year.
Lagarde: Recovery could be stop-and-go despite vaccine news

Lagarde: Recovery could be stop-and-go despite vaccine news

FRANKFURT — European Central Bank head Christine Lagarde warned Wednesday that the economy could face a “bumpy,” “stop-start” recovery despite good news about vaccine development.
Cadillacs probed for suspension failure that led to crashes

Cadillacs probed for suspension failure that led to crashes

DETROIT — The U.S. government's road safety agency is investigating complaints that the rear suspensions on some older Cadillac SUVs can fail, causing drivers to lose control and possibly crash.
Asia Today: Hong Kong, Singapore OK quarantine-free travel

Asia Today: Hong Kong, Singapore OK quarantine-free travel

Hong Kong and Singapore will start an air travel bubble at the end of November, allowing travellers from each city to visit the other without entering quarantine in a first step to stimulate tourism amid the coronavirus pandemic. Starting Nov.
CGI reports fourth-quarter profit down from year ago, revenue edged lower

CGI reports fourth-quarter profit down from year ago, revenue edged lower

MONTREAL — CGI Inc. reported its fourth-quarter profit fell more than 20 per cent compared with a year ago as it was hit by a restructuring charge. The business and technology consulting firm says it earned $251.
Aimia reports $10.8M Q3 loss compared with $16.9M profit a year ago

Aimia reports $10.8M Q3 loss compared with $16.9M profit a year ago

TORONTO — Aimia Inc. reported a loss in its latest quarter compared with a profit a year ago. The company says it lost $10.8 million or 15 cents per share for its third quarter which ended Sept. 30. That's compared with a profit of $16.
California voters reject revamp to property tax system

California voters reject revamp to property tax system

SAN DIEGO — California voters rejected a proposal to partially dismantle the state’s 42-year-old cap on property taxes, a move that would have have raised taxes for many businesses in a pandemic-hobbled economy.
Asian shares mostly higher as focus shifts to virus recovery

Asian shares mostly higher as focus shifts to virus recovery

Shares were mostly higher Wednesday in Asia after a worldwide rally spurred by hopes that a COVID-19 vaccine will help the global economy return to normal.
Auto industry has hit trough from COVID-19, says Linamar chief executive

Auto industry has hit trough from COVID-19, says Linamar chief executive

The auto industry has hit its trough from the COVID-19 pandemic, Linamar chief executive Linda Hasenfratz said Tuesday.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,615.37, up 139.51 points.) Enbridge Inc. (TSX:ENB). Energy. Up $1.82, or 4.81 per cent, to $39.65 on 17.6 million shares.