Telesat suffers $98-million net loss in first half of 2015

OTTAWA — Despite modest growth in both revenue and earnings and a decrease in operating expenses, Telesat Holdings Inc.’s net income for the second quarter of 2015 was almost half its income for the same quarter last year. In addition, the weaker Canadian dollar resulting in higher foreign exchange rates contributed to a significant net loss for the first six months of 2015, Telesat said Thursday when the company released its financial results for the first half of the year.Overall, Telesat’s net loss for the six-month period ended June 30 was $98 million, compared to a net income of $80...