Union: Food Inspection Agency to Cut Over 1,300 Jobs
The Canadian Food Inspection Agency is set to eliminate more than 1,300 positions, according to union officials, raising concerns about food safety oversight.
Category : Corporate News
Microsoft, Meta Earnings Focus on AI Spending Payoffs
Investors await Microsoft and Meta earnings for clues on AI investment returns as tech giants face pressure to justify massive capital expenditures amid stock declines.
France Urges Capgemini to Clarify ICE Contract Details
French Finance Minister Roland Lescure calls for full transparency from tech giant Capgemini regarding its subsidiary's contract with U.S. Immigration and Customs Enforcement.
UPS to Cut 30,000 More Jobs as Amazon Volume Drops
UPS is eliminating 30,000 more positions as Amazon's shipping volume reductions accelerate, marking a significant workforce reduction in the logistics sector.
Starbucks U.S. Growth Revival as CEO Turnaround Takes Root
Starbucks shows signs of a growth revival in the U.S. market, indicating that CEO Laxman Narasimhan's strategic turnaround efforts are beginning to yield positive results for the coffee giant.
CGI Reports Q1 Profit and Revenue Up
Montreal-based business and technology consulting firm CGI announced a year-over-year increase in both profit and revenue for its first fiscal quarter of 2026.
Travis Kelce Invests in Sleep Number Mattress Maker
Kansas City Chiefs tight end Travis Kelce has acquired a stake in Sleep Number, the mattress manufacturer, expanding his portfolio into the wellness and sleep technology sector.
Amazon Cuts 16,000 Jobs in New Round of Layoffs
Amazon has initiated a significant workforce reduction, eliminating 16,000 positions in its latest round of layoffs, as the tech giant continues to restructure amid economic pressures.
Amazon Cuts 16,000 Jobs as AI Competition Heats Up
Amazon plans to eliminate 16,000 corporate positions, bringing total announced cuts to 30,000 in three months as the tech giant streamlines operations and responds to AI-driven market pressures.
Carney Dismisses Greedflation Claims on Food Prices
Prime Minister Mark Carney shifts focus from corporate greed to government policies and global factors as drivers of grocery inflation, challenging media narratives.
$300B Business Acquisition Opportunity in Canada
A BDC report reveals a major demographic shift creating unprecedented acquisition opportunities for Canadian businesses as retirements surge across sectors.
OpenAI CEO Sam Altman Slams ICE Actions in Minnesota
OpenAI CEO Sam Altman has joined other tech executives in criticizing ICE's immigration enforcement actions in Minneapolis, calling for de-escalation and transparency.
Caisse Sells $229M Cogeco Stake, Shares Drop 6%
Quebec's Caisse de dépôt sells 11% of Cogeco Communications shares for $229M, reducing stake but remaining largest shareholder as stock falls 6%.
eXp World Holdings Sets 2025 Earnings Date for February 2026
eXp World Holdings will report its fourth quarter and full-year 2025 financial results on February 24, 2026, followed by a virtual investor Q&A session featuring company leadership.
Starbucks Removes CEO Private Jet Cap, Boosts Security
Starbucks Corp. has removed the $250,000 annual cap on CEO Brian Niccol's private jet use, requiring all travel on company aircraft following a security review.
B.C. Warns Against ICE Deals Amid Pattison Sale
British Columbia's Attorney General Niki Sharma cautions businesses against engaging with U.S. Immigration and Customs Enforcement as the Pattison sale looms.
Tesla Price Targets Rise as Profit Outlook Tanks
Wall Street analysts show growing skepticism about Tesla's earnings potential while simultaneously raising stock price targets, creating an unusual market dynamic.
Lululemon Cuts 100 Part-Time Customer Care Jobs
Canadian athletic apparel giant Lululemon has eliminated 100 part-time roles within its customer care division, a move reflecting broader operational adjustments in the retail sector.
Metro Q1 Earnings Down 12.8% Despite Sales Growth
Metro Inc. saw net earnings decline 12.8% in Q1 2026, though same-store food sales rose 1.6% and online food sales surged 25.8% amid inflation and supply chain issues.
Boeing Swings to Profit on Unit Sale, GM Sees SUV Growth
Aerospace giant Boeing returns to profitability in Q4 2025 following a major unit sale, while General Motors reports rising core profits driven by SUV and truck demand.
Metro Raises Dividend as Q1 Profit Falls on Facility Costs
Metro Inc. announces a dividend increase for shareholders, even as its first-quarter profit declines due to expenses from a new frozen food distribution centre.
Kimberly-Clark Beats Profit Estimates on Cost Cuts, Demand
Kimberly-Clark Corporation exceeded quarterly profit forecasts, driven by effective cost-cutting measures and resilient demand for essential consumer products.
American Airlines Forecasts 2026 Profit Above Estimates
American Airlines anticipates 2026 profits exceeding analyst expectations, driven by strong demand for premium seating and services, signaling a positive outlook for the aviation sector.
Ipsen Names Pierrick Lefranc Executive VP Technical Operations
Ipsen announces Pierrick Lefranc's appointment as Executive Vice President of Technical Operations and member of the Executive Leadership Team, effective April 1, 2026.
John Bailey Named Head of Economic Development Regina
John Bailey has been appointed as the new president and CEO of Economic Development Regina, bringing his community-building experience from the Regina Food Bank to lead economic growth initiatives in the Greater Regina Area.
Allied Gold CEO Says Cash Deal Trumps Gold Rally
Allied Gold Corporation's Chairman and CEO Peter Marrone discusses the company's recent strategic cash transaction with a Chinese buyer, emphasizing its long-term value over short-term gains from the current gold market surge.
Lionsgate Names Steven Mnuchin to Board
Lionsgate Studios Corp. has appointed former U.S. Treasury Secretary Steven Mnuchin to its board of directors, effective immediately, in a strategic move to bolster corporate governance.
Franco-Nevada Raises Dividend, Names New Chair
Franco-Nevada Corp. increases its quarterly dividend and appoints former Rio Tinto CEO Tom Albanese as its next chair, signaling strong corporate governance and shareholder returns.
Canada-U.S. Consumer Spending Divergence: CIBC Concern
A new CIBC report highlights a growing K-shaped divergence in consumer spending patterns between Canada and the United States, raising economic concerns.
Boeing 737 Production Increase to Overshadow Q4 Loss
Boeing's strategic plans to ramp up 737 aircraft production are poised to dominate investor focus, potentially overshadowing an expected fourth-quarter financial loss as the aerospace giant navigates recovery.
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