Metro Strike in Laval to Weigh on Grocer's Bottom Line
A strike at Metro's Laval distribution centre is expected to hurt the company's earnings. The labour disruption affects supply chain operations in Quebec.
Category : Corporate News
BP Fires Chair Albert Manifold After Bullying Claims
BP removes chair Albert Manifold after allegations of bullying and governance issues, causing shares to drop 4%.
BMO Reports $2.63B Q2 Profit, Raises Dividend
Bank of Montreal announced a Q2 profit of $2.63 billion, up from $1.96 billion last year, and raised its dividend. The bank's performance highlights strong financial results amid economic shifts.
Joly: Automakers Eye Overseas Exports But No Math Done
Industry Minister Melanie Joly told a House committee that automakers are exploring exporting Canadian-made vehicles overseas, but could not provide economic analysis or name the companies.
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Mango Founder's Son Steps Back After Being Named Suspect
Jonathan Andic, eldest son of Mango founder Isak Andic, steps back from the company after being named a suspect in his father's death during a hiking accident in 2024.
Quebec Film Producers Union Ordered to Negotiate with SARTEC
Quebec's labour tribunal has ruled that SARTEC, the union of Quebec film producers, must enter into negotiations, marking a significant development in the province's film industry.
Calgary Man Files Appeal in B.C. Resort Scam Case
Craig McMorran, convicted with Gus Kalabalikis for defrauding 85 investors of $2 million in a failed Lake Koocanusa resort, has filed an appeal.
Masked Suspects Sought in Essex Business Break-In
Essex County OPP are investigating a break-in at a business in Essex, Ontario, where masked thieves stole property. Police are seeking public help to identify the suspects.
BP Removes Chairman Manifold Over Governance Issues
BP's board removes Chairman Albert Manifold over serious governance, oversight, and conduct issues. Shares fall 9.3% as leadership turmoil deepens.
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Applied Aerospace & Defense Targets $3.59B in IPO
Applied Aerospace & Defense aims for a $3.59 billion valuation in its US IPO, signaling strong investor interest in defense and aerospace sectors.
CIBC Mutual Fund Investors May Qualify for Settlement
Some CIBC mutual fund investors may be eligible for compensation from a class-action settlement. Check your eligibility and learn how to file a claim.
Quebec Entrepreneur Wins $12.5M Lotto Max, No Retirement
A Montérégie entrepreneur wins $12.5M Lotto Max jackpot after betting online, says she has no plans to retire despite the windfall.
Vancouver Senior Donates Home to Charity, Then Seeks Return
A Vancouver senior donated her $1.6 million home to charity but later attempted to reclaim it, leading to a legal dispute. The case highlights complexities in charitable donations.
Defence companies seek more government and investor support
Canadian defence firms are calling on the government and investors for more support to bolster the industry amid global security challenges.
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Barrie Man Among 17 Charged in Peel Extortion Crackdown
A Barrie man is among 17 individuals charged in a Peel police crackdown on violent extortion targeting South Asian businesses, linked to a string of incidents.
Barrie man charged in Peel extortion crackdown
Peel police have charged 17 individuals, including a Barrie man, in a crackdown on violent extortion incidents targeting South Asian businesses in Ontario.
Best Memorial Day 2024 Sales: 35 Top Fashion Deals
Shop the best Memorial Day weekend sales with up to 79% off on dresses, swimsuits, shoes, and more from Anthropologie, Amazon, Torrid, Levi's, and other top brands.
B.C. Man Sues StubHub for $25K Over FIFA Tickets
A Surrey man files a $25,000 lawsuit against StubHub, alleging breach of contract after the platform cancelled the resale of 12 World Cup tickets, causing financial loss.
Trump Tells Warsh to Do 'Own Thing' as Fed Chair Sworn In
President Trump stressed Fed independence as Kevin Warsh was sworn in as chair, downplaying pressure concerns amid inflation and political tensions.
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CAE Targets 30% Profit Boost by 2030 via Defence, Cost Cuts
CAE plans to increase operating income by 30% by 2030, focusing on defence clients and cost savings. Shares fell after unveiling the strategy.
Fast Entry IPOs of SpaceX, OpenAI, Anthropic Spark Frenzy
New Nasdaq rules allow SpaceX, OpenAI, and Anthropic to enter indices quickly, triggering massive passive fund rebalancing and potential selling of other stocks.
Project Filcher: 545 Charges in Organized Retail Theft
Peel Regional Police announced 545 charges in 'Project Filcher,' targeting organized retail theft rings. The operation highlights links between retail crime and organized networks.
Trump's Cuba grudge shakes Canadian miner Sherritt
Sherritt International, a Canadian mining company, faced crisis after US expanded Cuba sanctions. A former Trump adviser now offers a potential rescue deal.
Canada Attracting Foreign Investor Attention: CPP Chief
The CEO of CPP Investments says Canada is increasingly drawing interest from foreign investors, citing stability and growth opportunities in various sectors.
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Canadian Steel Firms Pay US$19M to Settle Duty Evasion Claims
Two Canadian steel companies and their part-owner settled US$19 million with the DOJ for allegedly misrepresenting steel origins to avoid duties from China, Indonesia, Italy, Turkey, and Vietnam.
Air Canada Gold Heist Suspect Was Long Under Police Radar
An Air Canada employee implicated in Canada's largest gold heist had been on police radar for years, raising questions about airport security and oversight.
U.S. Stocks Slip as Oil Prices Rebound
U.S. stocks fell in early trading Thursday as oil prices turned upward again, with the S&P 500 and Dow Jones Industrial Average both declining.
CPP Investments Earns 7.8%, Net Assets $793.3 Billion
CPP Investments reported a 7.8% return for fiscal 2026, with net assets reaching $793.3 billion, driven by strong performance across diversified portfolios.
Walmart delivers strong Q1, cautious outlook amid uncertainty
Walmart reported strong first-quarter earnings but gave a cautious outlook due to economic uncertainty. The retail giant beat expectations but noted consumer spending pressures.
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Israel's weapons tech demand soars despite criticism
Demand for Israel's battle-tested weapons technology is surging globally, even as criticism of its wartime conduct grows. The defense sector drives economic growth amid controversies.
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