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B.C.

Telus says its has 32.59 per cent foreign ownership and is compliant with limits

VANCOUVER – Telecom Telus (TSX:T) says it is 32.59 per cent foreign-owned and under the federal limit of 33.3 per cent as of June 29. Telus says the release of its foreign ownership percentage is a response to new wireless player Globaliave, which had accused it of being 48 per cent foreign owned and had asked the CRTC to look into the matter.

Goldcorp posts 45% drop in second quarter earnings – gold prices under pressure

VANCOUVER – Goldcorp Inc. (TSX:G) is reporting second-quarter net earnings of $268 million, or 26 cents per diluted share, compared to $489 million, or 52 cents per diluted share, in same period last year. Revenue came in at $1.1 billion for the quarter compared to $1.3 billion year over year. The Vancouver-based company says gold prices remained under pressure for much of second quarter.