SNC slashes dividend
SNC-Lavalin Group Inc. delivered more harsh news to investors Thursday, cutting its quarterly dividend for shareholders by 80 per cent as the engineering giant grapples with a $2.12-billion net loss in its second quarter. The dividend drop to two cents per share from 10 cents per share came after a third straight quarter of losses […]
CMHC sees ‘moderate overvaluation’ in Canada’s housing market, but little vulnerability overall
Quarterly report finds pockets of concern, but overall lower level of risk After waving a red flag of warning about Canada’s housing market for more than two years, Canada’s national housing agency says the overall level of vulnerability has inched down from high to moderate over the past six months. That’s one of the main […]