Latest News
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Aritzia’s Q4 profit spikes 35% from last year
Aritzia Inc.’s ATZ-T +2.89%increaselatest quarter brought a 35 per cent jump in profit and a revenue increase that was almost just as high. The Vancouver-based retailer says its fourth quarter net income reached $134.3-million, up…
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Enbridge beats first-quarter profit estimates on gas transmission strength
Enbridge Inc. ENB-T +0.22%increase reported first-quarter adjusted profit on Friday that surpassed analysts’ expectations as robust performance in its gas transmission and utility businesses offset softer results in its liquids pipelines segment. The pipeline operator is benefiting from…
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U.S. job growth beats expectations in April; unemployment rate steady at 4.3%
U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3 per cent, pointing to labor market resilience and reinforcing expectations that the Federal Reserve would leave interest rates unchanged…
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Canada’s unemployment rate rises to six-month high as full-time jobs drop
Canada’s unemployment rate rose to a six-month high in April to 6.9 per cent as the economy lost a net of 17,700 jobs in March, Statistics Canada data showed on Friday, indicating a continued weakness…
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Thomson Reuters: Q1 Earnings Snapshot
Thomson Reuters Corp. (TRI) on Tuesday reported first-quarter earnings of $459 million. On a per-share basis, the Toronto-based company said it had net income of $1.03. Earnings, adjusted for non-recurring costs and to account for…
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Crude Oil: Short-Term Energy Outlook
https://www.eia.gov/outlooks/steo Crude Oil Prices Forecast next month Base case for next month: crude oil likely trades sideways to moderately higher, with WTI roughly US$58–65/bbl and Brent roughly US$62–70/bbl, assuming no major supply shock. EIA STEO…
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Cenovus posts higher profit, raises dividend as MEG acquisition spurs record output
Oil and gas producer Cenovus Energy CVE-T -4.23%decrease posted a rise in first-quarter profit on Wednesday, helped by higher benchmark crude oil prices and as the acquisition of MEG Energy boosted its upstream production to record levels. Cenovus’ acquisition…
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Tim Hortons parent Restaurant Brands reports profit up from a year ago
Tim Hortons parent company Restaurant Brands International Inc. QSR-T -4.74%decrease reported a first-quarter profit attributable to common shareholders of US$338-million, up from US$159-million a year earlier. The company, which keeps its books in U.S. dollars, says the profit…
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Loblaw reports higher profit as it opens more discount stores, raises dividend
Loblaw Cos. Ltd. L-T -2.45%decrease reported a 6.8-per-cent increase in adjusted first-quarter profit and boosted its dividend paid to shareholders on Wednesday, as the country’s largest grocer continued to benefit from opening more No Frills and Maxi discount…