In the third quarter of 2020, Power Corporation reported net earnings of C$505 million, up from C$359 million in 2019. Net asset value per share of C$34.94 in Q3, an increase of 6 percent as compared to C$32.96 a quarter ago.
International Energy Agency Slashes Oil Demand Forecasts
IEA reduced oil-demand projections for the current quarter by 1.2 million barrels a day. The Paris-based agency cut down outlook due to new containment measures and the unavailability of vaccines immediately.
Loblaw (TSX:L) Q3 Revenue Increases By 6.9%
Revenue surged to C$15.67 billion in third-quarter 2020, up by over C$1 billion YoY. Operating income of C$718 million in Q3 2020, up 4.1% YoY.