Finance

Tesla Motors Inc posts 11th straight quarterly loss, but expects to become profitable in 2016

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Tesla Motors Inc forecast deliveries of Model S sedans and Model X SUVs that topped analysts’ estimates and said hello expects to turn inside a profit in 2016, sending its shares 15 percent higher in after-hours trading. The electric car maker has long enjoyed the status of Silicon Valley darling for its brash innovation in electric cars. Its technological prowess ...

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Barclays Canada gets the hat trick: three deals in three days

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One next day of we mused whether Barclays Canada could make it three deals in three days – we posed that like a question or even a challenge – we can report that the firm, one of British-based Barclays Bank, reached that goal. But it was close: it came following the markets closed. Indeed its third deal in 72 hours is ...

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BlackBerry Ltd raises ceiling on 2015-16 stock buybacks, has spent US$73.7 million

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WATERLOO, Ont. — BlackBerry Ltd. has a lot more than doubled the amount of stock it may repurchase from the public market by mid-2016. The Waterloo, Ont.-based company said Friday it has repurchased 9.9 million common shares since June 29, 2015 – a couple of.1 per cent of the public float – at an average weighted cost of US$7.43 per ...

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Thank goodness that’s over: Oilpatch has bigger things to worry about than royalty review

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The recent recommendations from Alberta’s royalty review panel put me in mind of the old joke. Here’s the abridged version: Alberta spares oilsands companies in new royalty regime according to revenues, not oil prices The Alberta government’s $3 million royalty review, which in fact had the energy industry tied in knots for months, turned out to be an expensive lesson. ...

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Home Capital earnings lower than expected, but company says it’s making progress reviewing suspect mortgages

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Home Capital Group said hello is constantly on the make progress in reviewing its portfolio of mortgages generated by 45 brokers suspended for fraud this past year, using the worth of suspect mortgages visiting roughly $200 million within the fourth quarter. The Toronto-based mortgage lender announced Wednesday that it has reviewed 40 percent from the mortgages which were produced by ...

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Documents detail Turing, Valeant strategy to buy life-saving drugs, then hike prices to squeeze more profit

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Federal lawmakers have released excerpts from thousands of documents detailing how two drugmakers hiked prices to squeeze more revenue from some live-saving medicines, an exercise which has recently sparked public outrage. The most hated CEO in America: Martin Shkreli, who raised price of a single Daraprim pill to $750 The 32-year-old likes sunglasses, golf shirts, the hip-hop artist Eminem, a ...

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Caisse de depot et placement du Quebec posts 9.1% return in 2015, buoyed by weak loonie

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Caisse de depot et placement du Quebec returned 9.1 per cent in 2015 as international equities, boosted with a decline within the Canadian currency, offset negative returns at home. Net investment income at Canada’s second-largest pension fund manager was $20.1 billion in 2015 versus $23.8 billion a year earlier, according to a statement issued Wednesday. Net assets rose to $248 ...

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Global stocks descend into bear market as banks join oil in rout

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The yearlong decline in global equities that started with a selloff in energy was a full-blown bear market Thursday as a rout in bank shares extended losses in the broadest worldwide gauge past 20 percent. The MSCI All-Country World Index slipped 1.3 per cent, pushing its decline since May to 20 per cent and marking the biggest retreat from risk ...

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