|Bid||34.50 x 0|
|Ask||34.64 x 0|
|Day's Range||34.25 - 34.91|
|52 Week Range||33.30 - 61.54|
|Beta (3Y Monthly)||0.19|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 1, 2019 - May 6, 2019|
|Forward Dividend & Yield||0.96 (2.76%)|
|1y Target Est||46.00|
SNC Lavalin Group's chief executive said on Friday the company is looking at ways to protect its business in the event it loses a corruption trial that has created a political crisis for Canadian Prime Minister Justin Trudeau. An SNC-Lavalin board subcommittee is weighing the construction and engineering company's options as it takes "steps to minimize the effect of any potential sort of bad outcome in a few years' time," chief executive Neil Bruce told Reuters in an interview. Trudeau has been on the defensive since Feb. 7 over allegations that top officials working for him leaned on former Justice Minister Jody Wilson-Raybould last year to ensure that the construction company avoided a corruption trial.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** China has put a stop to all new ...
Quebec's government said on Thursday it would balance its books in 2019-20 while cutting debt and announced a plan to invest C$1 billion ($747.7 million) to help keep corporate head offices in the predominantly French-speaking Canadian province. The center-right Coalition Avenir Quebec (CAQ) government, elected for the first time in October with a legislative majority, forecast a net surplus of C$2.5 billion ($1.9 billion) for fiscal 2018-2019 ending March 31, after investing C$3.1 billion in a provincial debt-fighting fund. The document came two days after Canadian Prime Minister Justin Trudeau's government lavished new spending on middle-class voters in its budget, ahead of the October federal election.
The Canadian province set aside C$1 billion ($750 million) to support “strategic” businesses, and will establish a team to develop intelligence “in the field of head office protection,” according to the budget documents released Thursday. “It could be used for SNC,” Finance Minister Eric Girard told reporters in Quebec City. Montreal-based SNC has been at the center of a controversy that has ensnared Justin Trudeau after his former attorney-general said the prime minister and some of his aides pressured her to intervene to help the construction firm avoid a trial.
A Canadian cabinet minister, who had quit in protest over the government's handling of a corruption scandal, said she and others had more to say about the matter, indicating more pain to come for embattled Prime Minister Justin Trudeau. Trudeau has been on the defensive since Feb. 7 over allegations that top officials working for him leaned on former Justice Minister Jody Wilson-Raybould last year to ensure that construction company SNC-Lavalin Group Inc avoided a corruption trial. "There's much more to the story that should be told," former Treasury Board President Jane Philpott told Macleans' magazine in an interview released on Thursday.
OTTAWA/TORONTO, March 20 (Reuters) - Canadian Prime Minister Justin Trudeau remained under pressure over a corruption scandal on Wednesday as a legislator quit his party's caucus and a pre-election budget aimed at swaying key voters appeared to offer too little to stem the tide of negative news. It also provided a little for key groups such as millennial voters who backed Trudeau in droves in Canada's 2015 election. The decision by a legislator, who had defended a former minister at the center of a political scandal, to quit the ruling Liberal Party and sit as an independent dealt a fresh blow to Trudeau's embattled government.
MONTREAL , March 20, 2019 /CNW Telbec/ - SNC-Lavalin (SNC.TO) is pleased to announce that it has earned the prestigious Compliance Leader Verification from the Ethisphere Institute, an independent centre for research, best practices and thought leadership. The Compliance Leader Verification is awarded exclusively to companies with the best industry ethics and compliance program that are proactively investing resources in compliance, sending a clear signal that an organization takes compliance and ethics seriously. "Ethisphere's recognition acknowledges the efforts we have made to build a strong ethics and compliance program," said Neil Bruce , President and CEO, SNC-Lavalin.
Trudeau’s finance minister, Bill Morneau, detailed his fourth fiscal plan Tuesday in Ottawa, the government’s last before an October election. The plan continues the hallmark of Trudeau’s fiscal policy since taking power in 2015 -- a preference for new spending over returning the budget to balance, while trying to keep deficits low enough to reassure Canadians he remains fiscally prudent.
The reactivation of a smelter belonging to Chile's state-owned Codelco, the world's largest copper producer, will take more time than expected, the country's mining minister Baldo Prokurica said on Tuesday. The smelter, halted in December to undergo changes to bring it up to new emissions standards, has had its restart delayed because of issues related to Canadian construction firm SNC-Lavalin, contracted for the project. SNC-Lavalin Group Inc faces a criminal trial in Canada on charges of bribing Libyan officials for contracts between 2001 and 2011.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Canada's top bureaucrat tendered ...
, who acts as a senior adviser to Mr. Trudeau, comes as the Liberal government attempts this week to turn the focus away from scandal to policy, highlighted with Tuesday’s release of its 2019 tax-and-spending plan.
The head of Canada's federal bureaucracy said on Monday he was quitting over his role in handling a corporate corruption case, dealing another blow to Prime Minister Justin Trudeau as he battles the biggest political crisis of his tenure. Polls suggest that Trudeau's Liberals - who a few months ago looked certain to be re-elected in October - are now at risk of losing power to the official opposition Conservatives. Trudeau has been on the defensive since Feb. 7 over allegations that top officials leaned on former Justice Minister Jody Wilson-Raybould to ensure engineering and construction firm SNC-Lavalin Group Inc avoided a corruption trial.
Canadian Prime Minister Justin Trudeau on Monday changed his cabinet for the third time in three months in response to a crisis caused by the resignation of a minister who later alleged inappropriate conduct by officials. In a surprise move, Trudeau named backbench Liberal legislator Joyce Murray to the post of Treasury Board President, where she will be in overall charge of government spending. It is the first federal cabinet post for Murray, 64, who had previously been a provincial government minister in British Columbia.
With a federal election looming and Prime Minister Justin Trudeau's government facing its worst political crisis in four years, Canada's ruling Liberals are expected to table a goody-filled budget later this week in bid to get back on course with voters. Trudeau's Liberals surged to power in 2015 on a pledge to jolt the economy by boosting spending, but their popularity has dropped sharply in recent weeks amid claims that Canada's former Justice Minister was pressured to help construction firm SNC-Lavalin avoid a criminal trial. To counter the negative sentiment, Finance Minister Bill Morneau is expected to make use of unexpectedly strong revenues from the first nine months of the fiscal year to table a stimulus-filled federal budget on Tuesday, the last budget ahead of an October election.
“Both the party and prime minister have taken some pretty severe damage,” Greg Lyle of Innovative Research, among the last pollsters who’ve shown the incumbent Liberals ahead of the Conservatives recently, said in an interview. It leaves Trudeau just seven months to stop the bleeding and repair his brand before the next election in October. All that will have to paper over an explosive crisis and standoff with Jody Wilson-Raybould that triggered an ethics investigation and called into question the sincerity of Trudeau’s “sunny ways” formula.
A major intergovernmental economic group expressed its concern on Monday over allegations the Canadian government tried to interfere in a criminal case against a major construction firm and reminded Ottawa of its promise to respect the independence of prosecutors. The Liberal government of Prime Minister Justin Trudeau is mired in a crisis over allegations that top officials pressured a former attorney general to direct prosecutors to strike a deal with SNC-Lavalin Group Inc rather than go ahead with a corruption trial on charges of bribing officials in Libya.
The company faces charges for bribery in Libya, posted two profit warnings for troubles in Chile and Saudi Arabia, and has lost almost half its value in nine months. Why, then, is Canadian Prime Minister Justin Trudeau risking his political career to rescue the construction firm? It comes down to three things: jobs, SNC’s political clout and the special status that many Quebec companies hold in the halls of power of Canada’s capital.
This is what passes for a scandal in Canada. U.S. President Donald Trump has been engulfed in allegations involving possible collusion with Russia and secret payments to buy the silence of a porn star. Canadian Prime Minister Justin Trudeau is facing a controversy that seems trivial by comparison, but it could topple him in elections later this year.
Canada's Federal Court on Friday rejected a bid by SNC-Lavalin Group Inc to challenge prosecutors who insist the construction company must face trial on charges of corruption. The ruling means more challenges for a company at the center of the biggest crisis to hit Liberal Prime Minister Justin Trudeau since he took power in 2015. Trudeau's government faces allegations that top officials pressured former attorney general Jody Wilson-Raybould to direct prosecutors to strike a deal rather than go ahead with a trial.
Prime Minister Justin Trudeau on Thursday denied interfering in Canada's judicial system as he sought to defuse a month-long crisis threatening his political future, but offered no apology, asserting only that lessons had been learned. The crisis has prompted the resignations of former Justice Minister Jody Wilson-Raybould, the Treasury Board president, Jane Philpott, and Trudeau's closest political aide, Gerald Butts. It also raised questions about Trudeau's handling of the affair and polls show his Liberals could lose an election this October.