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Linamar stock rout doesn’t reflect auto-industry reality, CEO says

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The CEO of Canadian auto-parts supplier Linamar Corp. says the company’s recent stock rout — down 26 per cent so far this month — is “frustrating” and reflects a couple of key misunderstandings about the health of the auto industry. Linda Hasenfratz said she believes there are two reasons behind …

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CIBC downgrades Calfrac as oil price rout set to eliminate oilfield services dividends

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CALGARY — To survive the prolonged downturn in oilfield activity, many energy service companies are poised to cut their dividends to zero. “Despite two-thirds of our coverage universe having already made sizable dividend cuts over the past year, we believe more are on the horizon in the coming quarters,” CIBC …

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