Telesat Canada’s revenues down in Q2 2018

OTTAWA — Telesat Canada released its second quarter 2018 financial results on Thursday, reporting a decline in revenue and a $6-million net loss when compared to the same quarter of 2017.For the second quarter of 2018, Telesat reported consolidated revenues of $212 million, compared to $226 million in the same period in 2017.Telesat said in a news release the company’s poor financial numbers were primarily due to a weaker US dollar during the three-month period ending June 30. During the quarter, the US dollar was approximately 4% weaker against the Canadian dollar than it was during the second quarter of...