Empire Reports $385M Q3 Loss, Sales Up Year-Over-Year
Empire Company Ltd., parent of Sobeys, posted a $385 million third-quarter loss, though sales increased from the previous year, reflecting ongoing challenges in the grocery sector.
Category : Corporate News
Alberta Chambers: Separation Talk Hurts Business Attraction
Alberta's chambers of commerce express concern that ongoing separatism discussions are damaging the province's ability to attract and retain business investment, urging focus on economic stability.
Ipsen Names Michelle C. Werner as North America President
Ipsen announces the appointment of Michelle C. Werner as Executive Vice President and President of North America, effective March 23, 2026. She will join the Executive Leadership Team and report directly to CEO David Loew.
Local Suppliers React to L'Oca Grocery Closure in Edmonton
Edmonton-based suppliers are evaluating their financial and operational stability after the unexpected shutdown of L'Oca grocery store, raising concerns over local business dependencies and economic ripple effects in the community.
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Mastercard Expands Crypto Program with Binance and 85+ Firms
Mastercard has launched a global partnership program involving over 85 digital asset firms, including Binance and Circle, aiming to integrate crypto payments into traditional systems as stablecoins gain traction.
Target Cuts Prices on 3,000 Items as Inflation Persists
Target announces significant price reductions on thousands of everyday items as the retailer responds to ongoing consumer concerns about stubborn inflation in the United States.
MDA Space Seeks $300M in U.S. IPO for NYSE Listing
Toronto-listed MDA Space Ltd. aims to raise US$300 million through a U.S. initial public offering, with shares to trade on the New York Stock Exchange under the symbol MDAA.
RBC Acquires Fintech Firm Pinch Financial
Royal Bank of Canada has acquired fintech company Pinch Financial, expanding its digital financial services portfolio. The terms of the deal were not immediately disclosed.
Software Stocks Rebound as AI Fears Subside, Wall Street Optimistic
Software stocks are staging a recovery after months of heavy selling driven by AI disruption fears. The S&P 500 software index just had its best week since May, with investors showing renewed confidence in the sector's fundamentals.
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Roots Sale: Canadian Tire May Bid for Iconic Canadian Brand
Roots Corp. has initiated a strategic review that could lead to a sale, with Canadian Tire or other Canadian companies potentially making bids. The iconic brand faces challenges connecting with younger consumers despite steady growth.
Sask. Fishers Bid for Federal Fish Marketer in Privatization Move
Saskatchewan fishers have submitted a bid for the Freshwater Fish Marketing Corp as it moves toward privatization, aiming to restore efficiency and productivity in the federal marketer.
Wall Street Gains as Investors Await Major Oil Reserve Release
U.S. stock markets posted modest gains as traders focused on an upcoming significant release from the Strategic Petroleum Reserve, which could impact global oil prices and inflation.
Campbell's Cuts Forecasts as Consumers Choose Cheaper Brands
Campbell's has revised its annual forecasts downward, citing a trend where consumers are increasingly opting for more affordable alternatives over its premium products.
JPMorgan Marks Down Private Credit Loan Portfolios
JPMorgan Chase has reduced the valuation of loan portfolios held by certain private credit groups, according to a Reuters source, signaling potential stress in the alternative lending sector.
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Calgary Businesses Cite Social Disorder for Customer Decline
Business owners in Calgary's Sunalta neighborhood claim that social disorder, including drug use near a pharmacy, is driving customers away and harming local commerce.
Separation Talk Chilling Alberta's Business Climate, Survey Finds
A new survey reveals over half of Alberta businesses cite separatist referendum discussions as their top concern, surpassing pipeline issues and trade deals, with leaders warning of reputational damage and capital flight.
World Shares Mixed as Oil Reserves and Crude Prices Watched
Global stock markets show mixed performance as investors monitor potential oil reserve releases and rising crude prices, with key indices reflecting cautious trading.
Associate Opposes Takeover of John Risley's Seafood Firm
A key business partner of Nova Scotia seafood magnate John Risley is challenging the proposed acquisition of his financially distressed company, adding complexity to the corporate restructuring.
Winners Store Not Liable for Nail Polish Spill: B.C. Tribunal
A British Columbia tribunal has ruled that Winners store is not responsible for damages after a customer's clothes were stained by spilled nail polish, citing lack of evidence for negligence.
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Judge Urges States to Settle Live Nation Claims, States Refuse
A federal judge is pushing states to settle antitrust claims against Live Nation after the U.S. government reached a deal, but state attorneys general say there's no chance of a settlement.
NFI Group Named Top Manitoba Employer for Second Consecutive Year
NFI Group Inc., a global bus and coach manufacturer, has been recognized as one of Manitoba's Top Employers for 2026, marking its second consecutive year receiving this prestigious award for workplace excellence.
Musk Eyes $1 Trillion Fortune as Richest Person
Elon Musk, already the world's wealthiest individual, is reportedly targeting a net worth of US$1 trillion, with his ventures in technology and space driving unprecedented financial growth.
U.S. Firms 'Maple Wash' to Evade Canadian Boycotts
American marketers are using Canadian symbols to mislead consumers amid trade tensions, prompting calls for stronger enforcement of labeling laws to protect genuine domestic brands.
Goeasy Shares Sink 60% on Guidance Withdrawal, Dividend Halt
Goeasy Ltd. shares plummeted by 57% on the Toronto Stock Exchange after the company withdrew its financial guidance and suspended its dividend, signaling significant business challenges.
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Wasserman Agency Rebrands as THE TEAM Amid Epstein Fallout
Casey Wasserman's agency rebrands to THE TEAM after his risque emails to Ghislaine Maxwell surface, leading to client losses and calls for his resignation from LA Olympics role.
SpaceX Weighs Nasdaq Listing After Index Entry Bid
Elon Musk's SpaceX is reportedly evaluating a potential Nasdaq listing following efforts to gain early entry into a major stock index, according to Reuters sources.
Woman Turns Herself in for Durham Multi-Million Dollar Fraud
Alexandra Noemi Ramos Bausero, 39, of Aurora, has surrendered to police, facing multiple theft and fraud charges linked to a years-long, multi-million dollar scheme in Durham Region.
Boeing: Wiring Flaws Could Delay 737 MAX Jet Deliveries
Boeing announces potential delays in first-quarter 737 MAX deliveries due to wiring flaws, impacting production and supply chain timelines.
Manitoba Business Warns of Counterfeit Cash After Fake $20 Bill
A Steinbach business is alerting others to stay vigilant after a customer attempted to use a counterfeit $20 bill, highlighting concerns over fake currency circulation in Manitoba.
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Mystery Shipment of 600 Dips Hits Philly Mac and Cheese Shop
A small business in Philadelphia is baffled after 600 containers of French onion dip it never ordered appeared outside its storefront, sparking a mystery.
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