Business News

• Laurentian Bank completes strategic review without deal to sell

  A strategic review is often seen by investors as a prelude to a sale by a company. However, Laurentian said it will work on simplifying its organizational structure.

  Money

  Sep 14
  
• Sobeys parent Empire reports higher Q1 profit ‘despite ongoing volatility’

  Sobeys parent Empire says it earned $261.0M in its latest quarter, up from $187.5Min the same quarter last year, boosted by the sale of its gas stations in Western Canada to Shell.

  Money

  Sep 14
  
• Advertisement
• CIBC misses profit estimates as it sets aside more money for bad loans

  CIBC missed analysts' estimates for quarterly profit on Thursday, hurt by higher loan-loss provisions to cover for consumers struggling to make their repayments in a tough economy.

  Money

  Aug 31
• Advertisement
• Subway being sold to Arby’s owner for a reported US$9.6B

  Terms of the deal weren't disclosed. Earlier this week, The Wall Street Journal reported that Roark was offering around $9.6 billion for Subway, which is privately owned.

  Money

  Aug 24
• Tim Hortons, Burger King drive double-digit sales growth at parent company

  Restaurant Brands International Inc. is reporting double-digit sales growth for its latest quarter amid higher revenues at Tim Hortons and Burger King.

  Money

  Aug 8
• Molson Coors sales surge as market shift from Bud Light expected to be ‘very profitable’

  Molson Coors Beverage on Tuesday raised its annual sales and profit forecasts, boosted by strong demand for its core brands Miller Lite and Coors Light.

  Consumer

  Aug 1
• Meta stock rallies as rosy forecast shows AI helped boost ad sales

  Meta shares surged Thursday as a rosy revenue forecast showed that artificial intelligence was helping the social media giant boost engagement and ad sales.

  Tech

  Jul 27
• Loblaw blames supplier costs for pricier products as it reports Q2 profit

  Loblaw on Wednesday beat Wall Street expectations for second-quarter revenue and profit, helped by sustained demand for groceries and drugs and higher prices.

  Economy

  Jul 26
• Advertisement
• Netflix stock slides as streaming giant falls short of revenue expectations

  Streaming video pioneer Netflix disappointed Wall Street on Wednesday with second-quarter revenue that fell short of analyst estimates, sending shares tumbling.

  Money

  Jul 20
• Advertisement
• Rogers offers voluntary departure packages to some employees following Shaw merger

  Rogers Communications Inc. is offering voluntary departure packages to some employees as it integrates Shaw Communications Inc. following its $26B purchase of the carrier in April.

  Canada

  Jul 4