Raymond James

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Lyft says 2019 will be its ‘peak loss’ year

REUTERS/Mike Blake 2019 will be Lyft’s biggest year for financial losses, the company’s CFO said on Tuesday.Lyft reported its first quarterly earnings that showed accelerating growth in Q1 but also continued losses.Shares of the company rose about 3.6% in after-hours trading following the earnings release. Follow Lyft’s stock price in real-time here. Lyft expects 2019…

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‘The tanks are full gain’: Imperial Oil says Alberta-mandated cuts cost company $250 million

CALGARY – Imperial Oil Ltd.’s top executive admitted Friday that the company’s recent performance was “not our best,” after a quarter where operating costs rose and profit fell despite surging oil prices.“We can do better,” Imperial president and CEO Rich Kruger said Friday after releasing limited first quarter financial and operating results that fell short of…