Category : Corporate News


Canada Goose Q2 Loss Despite Revenue Growth

Canadian luxury outerwear giant Canada Goose reports surprising second-quarter loss despite 1% revenue increase to $281.1 million, as the company navigates wholesale challenges and invests in future growth strategies.

BCE Q3 Profit Boosted by MLSE Stake Sale

Bell Canada's parent company BCE saw significant profit growth in Q3 2023, largely driven by the strategic sale of its minority stake in Maple Leaf Sports & Entertainment.

Tesla Vote: Musk's $56B Pay Package Decision

Tesla shareholders face a monumental decision on Elon Musk's unprecedented $56 billion compensation package that could create the world's first trillionaire or trigger his departure from the electric vehicle giant.

Canadian Executives Divided Over Budget 2025 Impact

New survey reveals Canadian business leaders are deeply divided over the federal government's Budget 2025, with opinions split on competitiveness, investment climate, and economic direction.

Chocolate Profits Melt Under Cocoa Price Surge

Global chocolate giant Barry Callebaut reports significant profit decline as cocoa prices reach unprecedented highs, forcing industry-wide price adjustments and innovation.

Bombardier Global 8000: World's Fastest Jet Certified

Canada's aviation giant Bombardier achieves historic milestone as the Global 8000, the world's fastest purpose-built business jet, receives official type certification from Transport Canada, setting new standards in luxury aviation performance.

McDonald's Sales Jump as Snack Wraps Return

McDonald's reports impressive Q3 sales growth fueled by the wildly popular return of Snack Wraps to Canadian locations, driving customer traffic and beating market expectations.

Maple Leaf Foods Q3 Profit Hits $43.1M

Canadian food giant Maple Leaf Foods reports robust third-quarter earnings with profit hitting $43.1 million and sales climbing 8% year-over-year, signaling strong consumer demand despite market challenges.

American Airlines Cuts Management at Texas HQ

American Airlines is eliminating hundreds of management positions at its Fort Worth headquarters as part of a sweeping corporate restructuring plan aimed at streamlining operations and reducing costs.

Financial Post Opens Western Canada Bureau in Calgary

The Financial Post announces strategic expansion with new Western Canada bureau in Calgary, strengthening coverage of energy, economy and business innovation from Canada's booming western provinces.

U.S. Steel Plans $1.1B Investment Through 2028

U.S. Steel announces transformative $1.1 billion capital investment strategy across all business segments, focusing on modernization and operational excellence through 2028.

Pizza Hut Parent Company Considering Chain Sale

Yum Brands, the corporate parent of Pizza Hut, is reportedly considering selling the struggling pizza chain as sales decline and franchisees face financial challenges across Canada and the US.

Amazon fined $10K in BC delivery definition case

A British Columbia court case has resulted in a $10,000 fine against Amazon and established a crucial legal definition for delivery services that could impact e-commerce across Canada.

Nova Scotia Entrepreneur Bill Mont Dies at 96

The Atlantic Canadian business community remembers Bill Mont, founder of Mount Holdings, whose entrepreneurial spirit and philanthropy shaped Nova Scotia for generations.

Boeing Faces First Civil Trial Over Ethiopia Crash

Boeing confronts its first civil trial as families of Ethiopian Airlines Flight 302 victims pursue damages. The landmark case could expose internal safety failures and set legal precedents for aviation accountability.

Kimberly-Clark Buys Kenvue in $32B Deal

In a landmark move shaking up the consumer products industry, Kimberly-Clark completes acquisition of Kenvue, forming a powerhouse expected to generate $32 billion in annual revenue.

CPAB Appoints Sonny Randhawa as Incoming CEO

The Canadian Public Accountability Board appoints Sonny Randhawa as new CEO, bringing extensive financial regulation experience to strengthen audit oversight across Canada.

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