Business News as of 9 a.m. ET – CP

Source: The Canadian Press
Aug 13, 2015 9:06

THURSDAY, AUG. 13, 2015, 9 a.m. ET.

BUSINESS NEWS ADVISORY

Here are the CP Business Department’s plans for today as of 9 a.m. All times Eastern unless otherwise stated. Entries are subject to change as news develops. If you have any questions, please don’t hesitate to email Business Editor Lee-Anne Goodman at lee-anne.goodman?thecanadianpress.com, Assistant Business Editor Tara Brautigam at tara.brautigam?thecanadianpress.com, or the department at business?thecanadianpress.com. We can also be reached at 416-507-2138.

STORIES PLANNED

Alexandra Posadzki on Canada Mortgage and Housing Corporation’s quarterly results of its House Price Analysis and Assessment

David Friend in Toronto will have more on Cineplex and Canadian Tire results

Keith Leslie at Queen’s Park will have story on Energy East report from the Ontario Energy Board

NEWS NOW

Oilsands furor a poor debate, say experts

Oilsands-Left-Behind

EDMONTON _ The furor over a New Democrat candidate’s remarks about leaving Alberta’s oilsands in the ground reflects how poorly the issue is understood, say energy experts. To many, Toronto Centre candidate Linda McQuaig’s recent statement is just the simple fact of the matter. PHOTO. Moves both Business and National; guard against duplication. 580 words. By Bob Weber. Moved at 4 a.m.

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Vermilion on the lookout for acquisitions

Vermilion-Energy

CALGARY _ Vermilion Energy is looking to go shopping for acquisitions to grow its globe-spanning portfolio, but bargains aren’t cropping up just yet.Right now there’s a disconnect between what sellers and buyers consider a fair price but that gap is expected to narrow in the coming months, CEO Lorenzo Donadeo said in an interview. 360 words. By Lauren Krugel.

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Canadian Tire Q2 revenue edges up

Canadian-Tire

TORONTO _ Canadian Tire Corp. (TSX:CTC.A) says its net income for the second quarter rose to $186.2 million, or $2.15 per diluted share.That was up from $178.9 million or $2.12 per diluted share in the second quarter of 2014 but below analyst estimates.

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Cineplex revenue, profit jumps in Q2

Cineplex-Rslts

TORONTO _ The owner of Canada’s largest chain of movie theatres says its second-quarter revenue hit a record-high $345.5 million, after rising 6.8 per cent from last year.Cineplex Inc. (TSX:CGX) says it saw increases from all its sources of revenue, which include sales of tickets, food and drink, amusement games, advertising and alternative programming. Will be updated. 340 words.

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Greek government defends bailout deal ahead of vote

EU-Greece-Bailout

ATHENS _ The Greek government defended its new bailout program Thursday as tough but essential to avoid the nation’s financial collapse, as it faced a rebellion in the governing Syriza party ahead of a parliamentary vote on the deal.The draft bill for the three-year rescue package worth about 85 billion euros ($93 billion) in loans includes harsh spending cuts and tax hikes that Prime Minister Alexis Tsipras has said he has no option but to implement. PHOTO. 800 words.

ON THE CALENDAR

LAVAL, Que. _ ProMetic Life Sciences Inc. releases second-quarter results after markets close. A conference call will be held on Aug. 14.

POINTE-CLAIRE, Que. _ Digital poker and gaming company Amaya Inc. reports second-quarter results.

MISSISSAUGA, Ont. _ Air freight carrier Cargojet Inc. releases second-quarter results prior to markets open.

MISSISSAUGA, Ont. _ DataWind Inc., maker of low cost computer tablets, releases first-quarter results prior to markets open. A conference call will be held at 2:30 p.m. Dial 1-888-438-5524, passcode: 2056169. Go to www.visualwebcaster.com/event.asp?id

OAKVILLE, Ont. _ Algonquin Power and Utilities Corp. releases second-quarter results after markets close. A conference call will be held on Aug. 14.

TORONTO _ NorthWest Healthcare Properties Real Estate Investment Trust holds a second-quarter earnings conference call. Dial 1-888-231-8191, ID: 762 873 44 or go to www.nwhreit.com for the webcast. (10 a.m.)

TORONTO _ Cineplex Entertainment (TSX:CGX) reports its second-quarter financial results followed by a conference call at 10 a.m. ET. (10 a.m.)

TORONTO _ The Ontario Energy Board releases its report entitled, “Giving Ontarians a Voice on Energy East.” The report follows 15 months of consultations with people living in local and Aboriginal communities along the proposed route of the pipeline. Conference call available at 1-888-396-8049 or go to www.vvcnetwork.ca/oeb/20150813/ for the webcast. (10 a.m. at Ontario Energy Board (North Hearing Room), 2300 Yonge St., 25th floor)

TORONTO _ Investment and private equity firm Onex Corp. holds a second-quarter earnings conference call. Go to www.onex.com for a link to the call. (11 a.m.)

TORONTO _ Ontario Premier Kathleen Wynne delivers remarks at the India Independence Day reception. (4:30 p.m. at Government Caucus Room, Queen’s Park)

TORONTO _ Mortgage lender Equitable Group Inc. releases second-quarter results after markets close. A conference call will be held on Aug. 14.

TORONTO _ Danier Leather Inc. reports fourth-quarter financial results.

TORONTO _ Retailer Leon’s Furniture Ltd. issues second-quarter results.

TORONTO _ Mood Media Corp., supplier of music, visual and scent media for retailers, delivers its second-quarter financial results.

TORONTO _ Canadian Tire (TSX:CTC.A) reports its second-quarter financial results.

UNDATED _ The Parapan Am Games continue, with competitions at
different venues across southern Ontario. Go to
www.toronto2015.org/parapan/schedule for the full schedule. Through
Aug. 15.

PRAIRIES

CALGARY _ Bankers Petroleum Ltd. releases second-quarter results. (5 a.m.)

CALGARY _ Calgary police hold a news conference about a join investigation into the drug fentanyl. (10 a.m. at Police headquarters)

x-CALGARY _ The Canadian Bar Association begins its four-day conference. Supreme Court Chief Justice Beverley McLachlin delivers opening remarks at 9 a.m. followed by media availability. On Aug. 14., McLachlin delivers a keynote address (8:15 a.m.), while Federal Justice Minister Peter McKay participates in discussions with association members (noon). Through Aug. 16 (Convention Centre and Hyatt Hotel)

LETHBRIDGE, Alta. _ The gender studies department at the University of Lethbridge hosts a conference on controlling sexuality and reproduction. Topics of discussion to include history of the eugenics movement and transgender reproduction. Through Aug. 14. (University of Lethbridge)

x-SASKATOON _ Liberal Leader Justin Trudeau makes an announcement at a noon town hall meeting. Media availability to follow at 1:20 p.m. (Sheraton Cavalier Hotel, 612 Spadina Cres. East)

WEYBURN, Sask. _ Trial of Keith Dunford, who is accused of killing flag woman Ashley Richards in a highway construction zone in August 2012. Through Aug. 14. (Provincial court)

BRITISH COLUMBIA

SIDNEY, B.C. _ Green party Leader Elizabeth May will canvass on Beacon Ave., and attends the Sidney St. Market. May will also attend a breakfast meeting hosted by the Sidney by the Sea Rotary Club. (5 p.m. at Beacon Ave.)

VANCOUVER _ Taseko Mines Ltd. holds a second-quarter earnings conference call. Dial 1-877-303-9079. (8 a.m.)

x-VANCOUVER _ Press conference regarding the secret hearings being held in Vancouver by the Security Intelligence Review Committee (SIRC) regarding the BCCLA’s legal complaints into illegal spying on Canadians. (8 a.m. at Vancouver Art Gallery, 800 block of Robson St.)

VANCOUVER _ A group of runners jog nude as a promotion for the 19th annual Wreck Beach Bare Buns run. (10 a.m. at Near Sunset Beach concession (Beach Avenue at Bute Street))

VANCOUVER _ Announcement that S.U.C.C.E.S.S. will be opening the Active Engagement and Integration Project (AEIP) Service Centre in Beijing, China. (11 a.m. at Choi Hall, S.U.C.C.E.S.S. Social Service Centre, Dr. Dorothy Lam Building, 28 W. Pender Street)

VANCOUVER _ 93 tenants at the West Hotel launch legal action against the hotel’s management and owners. The Residential tenancy branch has told the group this is one of the largest cases in RTB history. (12 p.m. at 488 Carrall Street )

VANCOUVER _ Queer Film Festival, celebrating the best in independent queer cinema. Schedule and information available at http://queerfilmfestival.ca/. Through Aug. 23. (Various venues)

NORTH

IQALUIT, Nunavut _ Former teacher Johnny Meeko on trial on sex assault charges between 1984 and 2000. Through Aug. 21. (Courthouse)

CANADA

x-TORONTO _ Canada Mortgage and Housing Corporation (CMHC) will release the quarterly results of its House Price Analysis and Assessment (HPAA), followed by a media call with economist Bob Dugan at 12:30 p.m. EST. (11:30 a.m.)

THE CANADIAN PRESS