06:59:30 EDT Fri 29 Mar 2024
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Canadian Tire Corp Ltd
Symbol CTC
Shares Issued 3,423,366
Close 2017-05-10 C$ 206.00
Market Cap C$ 705,213,396
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Globe says Enbridge, others poised to post Q1 results

2017-05-11 08:24 ET - In the News

See In the News (C-ENB) Enbridge Inc

The Globe and Mail reports in its Thursday edition that at least half a dozen blue-chip Canadian companies will be posting their quarterly financial results on Thursday morning. The Globe's David Berman writes that so far, about 70 per cent of companies in the S&P/TSX composite index have delivered their quarterly numbers, with mostly upbeat results. On average, the results have topped expectations by an impressive 8 per cent. Enbridge is expected to report a profit of 63.6 cents a share, down 16 per cent from last year. It has missed expectations for the past three quarters. Bombardier may provide more drama. Bombardier is expected to post a loss of 1.6 cents a share, after adjustments, offering an improvement over a loss of 3.7 cents last year. Apart from the numbers, expect some interesting commentary. The company has benefited from recent taxpayer aid, as it accelerates production of its new C Series jets. That has led to moves from key institutional investors who want to overhaul Bombardier's board of directors and withhold votes for the company's executive chairman, Pierre Beaudoin. Rounding out the day, expect quarterly results from Brookfield Asset Management, Canadian Tire and Telus.

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