George Weston Ltd. (WNGRF) on Wednesday reported a loss of $76.6 million in its fourth quarter.On a per-share basis, the Toronto-based company said it had a loss of 61 cents. […]
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Luxury retailer Nordstrom Inc. is exiting Canada by closing 13 department stores and laying off 2,500 employees, becoming the latest U.S. chain to retreat in the face of strong domestic competition.
Seattle-based Nordstrom began to wind down outlets in British Columbia, Alberta and Ontario on Thursday by filing for creditor protection. As part of the court-supervised process, the company has shut […]
One-fifth of CIBC mortgage holders unable to cover interest portion of loan, seeing balances grow
Twenty per cent of Canadian Imperial Bank of Commerce mortgage holders are seeing their loan balances grow, as rising interest rates make it harder for them to pay off their homes.New data […]
A mysterious fleet is helping Russia ship oil around the world. And it’s growing
LondonCNN — Russian oil is still finding its way to buyers around the world. But even those who spend their days tracking its movement across oceans struggle to work out exactly who is ferrying […]
U.S. crude stockpiles rise for tenth consecutive week, EIA says
U.S. crude oil inventories rose for the 10th week in a row, surging to their most since May 2021, but record U.S. exports of crude oil kept the build smaller […]
Canadian home prices to drop 12% in 2023, but still remain unaffordable for many: poll
The drop in home prices in Canada this year will be steeper than forecast three months ago but mild compared with a historic run-up during the COVID-19 pandemic, leaving many […]
RBC beats analysts’ forecasts despite drop in first-quarter profit
Royal Bank of Canada RY-T -3.55%decrease posted a drop in first-quarter profit as it set aside more loan-loss reserves amid deteriorating economic conditions, but it outperformed analyst expectations as higher interest rates boosted […]
TD Bank’s $13.4-billion U.S. acquisition dealt heavy blow after First Horizon warns of regulatory issues
TD-T -0.21%decrease prospects of closing a major acquisition in the United States took a hit Wednesday after its merger partner, FHN-N -10.62%decrease, disclosed that the deal is struggling to receive regulatory blessings in a […]
National Bank of Canada declares CAD 0.97 dividend
National Bank of Canada (TSX:NA:CA) declares CAD 0.97/share quarterly dividend, in line with previous. Forward yield 2.84% Payable May 1; for shareholders of record March 27; ex-div March 24. See NA:CA Dividend […]