Aberfoyle Mill Shuts Down After 35 Years in Business
The Aberfoyle Mill in Puslinch, Ontario, has permanently closed its doors after operating for 35 years, marking the end of an era for the local community and patrons.
Category : Corporate News
TSX Drops 300 Points, Oil Tops $110 After Trump Speech
Canada's main stock index fell sharply, with the S&P/TSX composite down nearly 300 points, while oil prices exceeded US$110 per barrel following a speech by former U.S. President Donald Trump.
Oil Hits $110, Stocks Fall as Trump Vows Iran Escalation
U.S. crude oil prices soared above $110 per barrel, and Wall Street experienced significant declines following former President Trump's pledge to intensify attacks on Iran, sparking global market turmoil.
Dynamite CEO Rants About Quebec Policies in French
Andrew Lutfy, CEO of Groupe Dynamite, used a quarterly earnings call to criticize Quebec's restrictive immigration policies and French-language requirements, threatening to move headquarters.
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GFL Environmental Increases Quarterly Dividend by 10%
GFL Environmental Inc. announces a 10% increase in its quarterly dividend, reflecting the company's robust financial health and commitment to shareholder returns.
Trump Iran Threats Spark Investor Risk-Off Reality Check
Fresh geopolitical tensions from former President Trump's Iran warnings have jolted financial markets, prompting a swift shift toward safer assets as investors reassess global risk.
Companies Explore Loans Backed by Tariff Refunds in Canada
Businesses impacted by tariffs are turning to innovative financing options, using future refund claims as collateral for loans to manage cash flow challenges.
Oil Up 7%, World Shares Fall on Trump Iran Warning
Global markets react sharply as oil prices jump 7% and stock indices decline following former President Trump's statement about hitting Iran hard and 'finishing the job'.
Hershey Reverts Reese's to Classic Recipes After Criticism
Hershey announces a return to classic recipes for all Reese's products by 2027, following public criticism from the founder's grandson over cheaper ingredients. The company also plans recipe enhancements and increased R&D funding.
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Saskatchewan Stakeholders Concerned About Canada Post's Future
Saskatchewan stakeholders express alarm over Canada Post's plans to end door-to-door delivery and close rural offices, warning of the postal service's decline amid financial struggles and contentious negotiations.
Boston Pizza Closes in Downtown Edmonton Amid Recovery Challenges
The closure of a long-standing Boston Pizza on Jasper Avenue highlights ongoing struggles for downtown Edmonton businesses, with calls for the city to address high costs and support revitalization efforts.
Toys 'R' Us Canada Gets Court OK for Sale, Investor Search
A Canadian court has authorized Toys 'R' Us Canada to initiate a formal sale process and solicit potential investors, marking a pivotal step for the iconic toy retailer's future.
Scammers Use Bread Settlement in Phishing Text Scam
Fraudsters are sending phishing texts pretending to be about the $500 million bread price-fixing settlement to steal personal and financial information. Authorities warn to delete unsolicited messages.
Calgary Firm Can Withhold Profits Under Russian Sanctions
A Calgary court ruled that RN Cardium Oil Inc. can withhold profits from its B.C. partner due to Canadian sanctions against Russia, citing the company's links to Russian government-owned entities.
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Grocers Warn of Rising Prices from Iran Conflict
Canadian grocers caution that escalating tensions in Iran could lead to significant price increases on everyday goods, describing the impact as 'death by a thousand cuts' for consumers.
Canada Post May End Home Delivery, Use Community Mailboxes
Canada Post is engaging with bargaining agents to discuss potential changes, including a shift from home delivery to community mailboxes, as part of operational adjustments.
Groupe Dynamite Shares Jump on Earnings Beat and Growth Forecast
Groupe Dynamite Inc., owner of Garage and Dynamite brands, reported a 45% revenue increase to $394 million in Q4, beating estimates. Shares rose 6% as the company forecasts robust growth for fiscal 2026.
SpaceX Files for Blockbuster IPO to Go Public
SpaceX has officially registered for an initial public offering, a monumental move that could reshape the aerospace and financial sectors, according to a Reuters source.
Red Lobster Revives Endless Shrimp Deal After Bankruptcy
Red Lobster is bringing back its controversial Endless Shrimp promotion as a limited-time offer this month, despite the deal contributing to the chain's 2024 bankruptcy when offered year-round.
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Hershey Reverts Reese's to Classic Recipe After Backlash
Hershey announces a return to the original recipe for all Reese's Peanut Butter Cups following widespread criticism over recent formula changes, aiming to restore consumer trust.
Nike CEO Frustrated Over Stalled Turnaround with Staff
Nike CEO Elliott Hill voiced exhaustion with ongoing business fixes after a disappointing forecast led to a sharp stock drop, highlighting challenges in China and Converse sales.
Cascades Sells Forest Lands in $20M Deal
Canadian paper mill company Cascades has finalized a $20 million sale of its private forest lands, marking a significant shift in its asset portfolio and business strategy.
Goeasy's $336.9M Q4 Loss Hit by LendCare Charges
Canadian non-prime lender Goeasy has announced a substantial fourth-quarter loss of $336.9 million, primarily driven by significant charges related to its LendCare subsidiary.
Buffett Defends Gates Foundation Donations Post-Epstein
Warren Buffett, the retired CEO of Berkshire Hathaway, has publicly stated that he does not regret his substantial donations to the Bill & Melinda Gates Foundation, even in light of the Jeffrey Epstein scandal. Buffett emphasized his confidence in the fou
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Nike's Turnaround Tested by Middle East Conflict Risks
Nike's ongoing business recovery faces fresh challenges as geopolitical tensions in the Middle East introduce new uncertainties, with analysts closely watching Q3 earnings for signs of resilience.
Conagra Brands Expects Weak Profit on Rising Costs
Conagra Brands anticipates lower annual profits due to increasing operational costs, reflecting broader challenges in the food industry as supply chain pressures mount.
Global M&A Hits Record High in Q1 2026, Boosting Growth Outlook
Global mergers and acquisitions reached a record high in the first quarter of 2026, driven by strong economic factors and setting a positive trajectory for further gains in the business sector.
Iran War Disrupts Supply Chains, Sending Factory Costs Soaring
Manufacturers worldwide face escalating input costs as the Iran conflict severely disrupts global supply chains, threatening production and economic stability.
Mega IPOs Test U.S. Market Depth Despite Volatility
A wave of large initial public offerings is set to gauge the strength of U.S. financial markets, facing significant volatility and economic uncertainty as investors assess risk appetite.
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Dynamite Q4 Profit Doubles, Revenue Up 45%
Dynamite clothing retailer announced a remarkable fourth-quarter performance, with profits more than doubling and revenue increasing by 45%, signaling strong consumer demand and operational efficiency.
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