Business

Stock market news live updates: Stock futures point to a higher open – Yahoo Canada Finance

Published

4 years ago

February 8, 2021

Harry Miller

The Canadian Press

Michael White, convicted of killing pregnant wife, granted day parole for six months

TORONTO — An Edmonton man convicted of killing his pregnant wife and dumping her body more than 15 years ago was granted day parole for six months on Tuesday, with officials stressing the need to monitor his current romantic relationship.Michael White must abide by a number of restrictions, including that he not be alone with his girlfriend, while living in a halfway house, the Parole Board of Canada said in approving his release.Other conditions include a requirement that he undergo counselling, continue programming to address issues related to domestic abuse, and report any new relationships or friendships with women.The panel said White, who has only left prison under supervision, needs a “slow, gradual reintegration” into the community and his interpersonal relationships.White, meanwhile, vowed to abide by any restrictions imposed if it means he can spend time with his family, the couple’s now-adult daughter, and his girlfriend.”These are the people in my life that matter most, who I would love to be back with,” he said during the hearing, which was conducted by videoconference.”It’s family with me… to be a dad to my daughter, physically be there, for graduation, for the good times and bad times, instead of just on the phone,” he said.White has maintained his innocence in the death of Liana White, including in Tuesday’s appearance before the board.Liana’s mother, Maureen Kelly, told the hearing White has “never taken responsibility” for the death of her daughter or the harm it caused.”He does not have remorse for what he has done,” Kelly said in a victim impact statement.”I lost everything in my life… what has happened has been heartbreaking.”Liana White was four months pregnant with the couple’s second child when she was stabbed to death in July 2005. A few days later, her body was discovered in a ditch by a search party that included her husband.Michael White was convicted in 2006 of second-degree murder and offering an indignity to a dead body.He was sentenced to life in prison with no chance of parole for 17 years. Alberta’s highest court later rejected his appeal of the convictions.On Tuesday, White repeated that while he never physically harmed his wife, he lashed out verbally or displayed aggressive behaviours at times because he lacked the skills to cope with stress.He also said the couple didn’t communicate properly but maintained neither ever suggested ending the marriage.White said some of the coping mechanisms he learned in prison have come into play in his new relationship, particularly as his girlfriend navigates the public scrutiny related to his case.The 44-year-old was previously granted four unescorted temporary absences from the Beaver Creek Institution in Gravenhurst, Ont., to be carried out over nine months.But the panel heard Tuesday the absences never took place due to the COVID-19 pandemic. As a result, the day parole proposed will be more restrictive at the offset, the hearing heard.This report by The Canadian Press was first published Feb. 8, 2021. Paola Loriggio, The Canadian Press

Let’s block ads! (Why?)

Source link

Business

TC Energy cuts cost estimate for Southeast Gateway pipeline project in Mexico

Published

9 hours ago

November 7, 2024

Anne Joseph

CALGARY – TC Energy Corp. has lowered the estimated cost of its Southeast Gateway pipeline project in Mexico.

It says it now expects the project to cost between US$3.9 billion and US$4.1 billion compared with its original estimate of US$4.5 billion.

The change came as the company reported a third-quarter profit attributable to common shareholders of C$1.46 billion or $1.40 per share compared with a loss of C$197 million or 19 cents per share in the same quarter last year.

Revenue for the quarter ended Sept. 30 totalled C$4.08 billion, up from C$3.94 billion in the third quarter of 2023.

TC Energy says its comparable earnings for its latest quarter amounted to C$1.03 per share compared with C$1.00 per share a year earlier.

The average analyst estimate had been for a profit of 95 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:TRP)

Source link

Business

BCE reports Q3 loss on asset impairment charge, cuts revenue guidance

Published

9 hours ago

November 7, 2024

Anne Joseph

BCE Inc. reported a loss in its latest quarter as it recorded $2.11 billion in asset impairment charges, mainly related to Bell Media’s TV and radio properties.

The company says its net loss attributable to common shareholders amounted to $1.24 billion or $1.36 per share for the quarter ended Sept. 30 compared with a profit of $640 million or 70 cents per share a year earlier.

On an adjusted basis, BCE says it earned 75 cents per share in its latest quarter compared with an adjusted profit of 81 cents per share in the same quarter last year.

“Bell’s results for the third quarter demonstrate that we are disciplined in our pursuit of profitable growth in an intensely competitive environment,” BCE chief executive Mirko Bibic said in a statement.

“Our focus this quarter, and throughout 2024, has been to attract higher-margin subscribers and reduce costs to help offset short-term revenue impacts from sustained competitive pricing pressures, slow economic growth and a media advertising market that is in transition.”

Operating revenue for the quarter totalled $5.97 billion, down from $6.08 billion in its third quarter of 2023.

BCE also said it now expects its revenue for 2024 to fall about 1.5 per cent compared with earlier guidance for an increase of zero to four per cent.

The company says the change comes as it faces lower-than-anticipated wireless product revenue and sustained pressure on wireless prices.

BCE added 33,111 net postpaid mobile phone subscribers, down 76.8 per cent from the same period last year, which was the company’s second-best performance on the metric since 2010.

It says the drop was driven by higher customer churn — a measure of subscribers who cancelled their service — amid greater competitive activity and promotional offer intensity. BCE’s monthly churn rate for the category was 1.28 per cent, up from 1.1 per cent during its previous third quarter.

The company also saw 11.6 per cent fewer gross subscriber activations “due to more targeted promotional offers and mobile device discounting compared to last year.”

Bell’s wireless mobile phone average revenue per user was $58.26, down 3.4 per cent from $60.28 in the third quarter of the prior year.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:BCE)

Source link

Business

Canada Goose reports Q2 revenue down from year ago, trims full-year guidance

Published

9 hours ago

November 7, 2024

Anne Joseph

TORONTO – Canada Goose Holdings Inc. trimmed its financial guidance as it reported its second-quarter revenue fell compared with a year ago.

The luxury clothing company says revenue for the quarter ended Sept. 29 totalled $267.8 million, down from $281.1 million in the same quarter last year.

Net income attributable to shareholders amounted to $5.4 million or six cents per diluted share, up from $3.9 million or four cents per diluted share a year earlier.

On an adjusted basis, Canada Goose says it earned five cents per diluted share in its latest quarter compared with an adjusted profit of 16 cents per diluted share a year earlier.

In its outlook, Canada Goose says it now expects total revenue for its full financial year to show a low-single-digit percentage decrease to low-single-digit percentage increase compared with earlier guidance for a low-single-digit increase.

It also says it now expects its adjusted net income per diluted share to show a mid-single-digit percentage increase compared with earlier guidance for a percentage increase in the mid-teens.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:GOOS)

Source link