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Rogers CEO Joe Natale tasked with turning momentum into profit growth

Momentum appears to be on Joe Natale's side.

With the new chief executive officer set to take the reins, Rogers Communications Inc. revealed a rising tide of revenue from customers and smartphone data use at the company's crucial wireless business. Mr. Natale's challenge: Turn that momentum into sustained profit growth.

The Toronto-based telecom and media company said Tuesday that it attracted 60,000 new contract wireless customers in the first quarter of 2017, beating average analyst estimates in the range of 28,000 and repeating a pattern established over the past several quarters of renewed strength in its most important division. Story



Former Aston Hill sales manager to pay $11,000 in Amaya insider-trading settlement with OSC

A former national sales manager with Aston Hill Asset Management Inc. was ordered to pay $11,000 and banned from working at a senior level in the fund industry for the next two years in an insider-trading settlement approved Tuesday by the Ontario Securities Commission (OSC).

As part of the settlement agreement, John David Rothstein admitted that he received a tip from his boss Ben Cheng about online gambling company Amaya Inc. 's $4.9-billion takeover of the owner of PokerStars shortly before the deal was announced in mid-2014. Mr. Rothstein also admitted that he broke securities law by trading on the information and tipping another client of the firm about the deal. Story

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Figure 1 starting to monetize multimillion-member 'Instagram for doctors'

Four years after launching a free mobile social network for doctors, the founders of Toronto's Figure 1 Inc. think they have figured out how to make money from their app.

The app, which boasts millions of registered users internationally and daily traffic of up to 80,000 unique users, has been described as an "Instagram for doctors," allowing medical professionals to share images of patient ailments and seek the opinions of others in the instantaneous manner of other social networks. The app has also hosted other content such as events featuring experts on particular diseases and conditions taking questions from Figure 1 users. Story



DAILY DEALS

Parkland Fuel Corp. is buying Chevron Corp.'s Canadian oil refining and marketing business for nearly $1.5-billion, marking yet another big acquisition of foreign-owned energy assets by a domestic player. Story



Transcontinental has put its newspapers in Quebec and Ontario up for sale, days after selling its holdings in Atlantic Canada. Story

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