Global Markets: Corus Entertainment earnings dropped in Q3

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Published: October 18, 2019

By MarketsFarm

WINNIPEG, Oct. 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Corus Entertainment Inc. reported earnings of C$22.9 million last quarter, which is nearly C$10 million lower than the same quarter in 2018. That’s mainly due to decreases in television revenue, which was about C$343.8 million for the quarter. This negative financial report spurred concerns about Canada’s economy headed into a recession; while job growth has been strong, Canada’s GDP has contracted for two consecutive quarters.

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