Canadian Tire raises quarterly dividend, reports third-quarter loss
By The Canadian Press on November 9th, 2023
TORONTO – Canadian Tire Corp. Ltd. raised its quarterly dividend as it reported a loss in its latest quarter, weighed down by a one-time charge related to its deal to buy back the 20 per cent stake in Canadian Tire Financial Services that is owned by Scotiabank. The retailer says it will now pay a ... Read More »
Be the first to comment!Holiday job postings down from last year amid slowing economy: Indeed
By Rosa Saba, The Canadian Press on November 9th, 2023
TORONTO – Canadian postings for seasonal holiday jobs are down 30 per cent from a year ago so far, according to Indeed, amid a softening economy and cooling labour market. “There’s been an overall cooling of employer hiring appetite over the past year. And it’s pretty similar in seasonal work and other areas of the ... Read More »
Be the first to comment!Hollywood’s strikes are both now over as actors reach deal with studios, return to work with writers
By Andrew Dalton And Krysta Fauria, The Associated Press on November 8th, 2023
LOS ANGELES (AP) – On Thursday, for the first time in more than six months, neither Hollywood’s actors nor its writers will be on strike. The long-awaited clearing in the industry’s stormiest season in decades comes as a deal was reached late Wednesday to end what was, at nearly four months, the longest strike ever ... Read More »
Be the first to comment!Hollywood actors strike is over as union reaches tentative deal with studios
By Andrew Dalton, The Associated Press on November 8th, 2023
LOS ANGELES (AP) – Hollywood’s actors union reached a tentative deal with studios Wednesday to end its strike, bringing an end to months of labor strife that ground the entertainment industry to a historic halt. The three-year contract agreement must be approved by votes from the union’s board and its members in the coming days, ... Read More »
Be the first to comment!Martinrea International sees earnings, sales rise in third quarter
By The Canadian Press on November 8th, 2023
TORONTO – Martinrea International Inc. says net income for the third quarter was $53.7 million, up from $35.9 million a year earlier. Sales for the quarter were $1.4 billion, up from $1.2 billion during the same quarter last year. The Toronto-based company says net earnings per share were 68 cents, up from 45 cents last ... Read More »
Be the first to comment!Great-West Lifeco sees base earnings rise in third quarter to $950 million
By The Canadian Press on November 8th, 2023
WINNIPEG – Great-West Lifeco Inc. says its base earnings for the third quarter were $950 million, up from $809 million a year earlier. The company attributed the increase primarily to business growth, as well as higher average equity markets and interest rates. Great-West Lifeco says its net earnings attributable to common shareholders were $905 million ... Read More »
Be the first to comment!Manulife reports net income of $1 billion in third quarter
By The Canadian Press on November 8th, 2023
TORONTO – Manulife Financial Corp. says its net income rose in the third quarter from last year, supported especially by business growth in Asia. The insurer says it had a net income attributed to shareholders of $1 billion in the quarter ending Sept. 30, up from $777 million last year, when new reporting rules are ... Read More »
Be the first to comment!Suncor Energy reports third quarter profit of $1.54 billion
By The Canadian Press on November 8th, 2023
CALGARY – Suncor Energy Inc. says it earned a profit of $1.54 billion in the third quarter of 2023, compared to a net loss of $609 million in the prior year’s quarter. The Calgary-based energy giant says its earnings work out to $1.19 per share, compared to a loss of 45 cents per common share ... Read More »
Be the first to comment!National Bank no longer offering new safety deposit boxes
By Stéphane Rolland, The Canadian Press on November 8th, 2023
MONTREAL – National Bank won’t offer any more new safety deposit boxes, which allow customers to keep valuable items or important documents at bank branches. It’s the first large Canadian bank to stop offering this service. The bank stopped offering the service as of Nov. 1. The decision comes after the financial institution noted a ... Read More »
Be the first to comment!Linamar reports net income of $146.7 million in third quarter
By The Canadian Press on November 8th, 2023
GUELPH, Ont. – Linamar Corp. says it sales and income got a boost in the third quarter thanks in part to its diversification efforts away from contracts reliant on gasoline-powered vehicles. Sales were $2.43 billion in the third quarter, up from $2.1 billion in the same quarter last year, as the industrial segment of the ... Read More »
Be the first to comment!Energy losses drag S&P/TSX composite down Wednesday, U.S. markets mixed
By The Canadian Press on November 8th, 2023
TORONTO – Canada’s main stock index edged lower Wednesday, led again by losses in energy as the price of oil continued to decline, while U.S. markets wobbled to a mixed close. The S&P/TSX composite index closed down 45.38 points at 19,530.21. In New York, the Dow Jones industrial average was down 40.33 points at 34,112.27. ... Read More »
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