Everything You Need to Know on Friday: TELUS Corp. 11% Higher in U.S. Premarket as Q3 Adjusted Profit Rises and Company Hikes Dividend

$TELUS Corp (T.CA)$, which rose 11% in U.S. premarket trading, reported an increase in adjusted profit on slightly higher revenue for its third quarter. The company also announced a 7% dividend increase.

Shares of $Manulife Financial Corp (MFC.CA)$ soared to a record high during Thursday's midday trading following a third-quarter earnings report that surpassed expectations. The company's earnings increased significantly, with Global CFO Colin Simpson attributing the success to exceptional performance in the asset management sector, which saw a 39% increase, and strong growth in the Asia business, where core earnings rose 17% year-over-year. Manulife reported overall earnings of $1.84 billion, up from $1.01 billion last year, with earnings per share doubling to $1. Simpson highlighted the company's diversification efforts in Canada and noted that both earnings and book value exceeded forecasts. This surge in share price marks a significant rebound from a low of less than $10 in 2009, with shares now trading above $45.

$BCE Inc (BCE.CA)$ owner of Bell Canada, reported a significant quarterly net loss of $1.24 billion, contrasting sharply with last year's $640 million profit, amidst $2.11 billion in asset impairments mainly from media properties. Shares fell to $38.94, marking the first close below $40 since 2012. The company faced further challenges from a CRTC decision allowing smaller providers access to its fiber network, aimed at boosting competition but criticized by BCE for hindering its network expansion efforts.