Business News Financial News

01.08 / 17:59

Business News Canada News Molson Coors sales surge as market shift from Bud Light expected to be ‘very profitable’

Molson Coors Beverage on Tuesday raised its annual sales and profit forecasts, boosted by strong demand for its core brands Miller Lite and Coors Light.

14.09 / 15:03

Business News Canada News reports Sobeys parent Empire reports higher Q1 profit ‘despite ongoing volatility’

Empire Co. Ltd. says it earned $261.0 million in its latest quarter, up from $187.5 million in the same quarter last year, boosted by the sale of its 56 gas stations in Western Canada to Shell Canada.

14.09 / 15:03

Business News Canada News strategic review Deal Laurentian Bank completes strategic review without deal to sell

Laurentian Bank has completed its review of strategic options without a deal to sell the bank.

31.08 / 18:51

Business News CIBC Canada News Bank earnings CIBC misses profit estimates as it sets aside more money for bad loans

Canadian Imperial Bank of Commerce (CIBC) missed analysts’ estimates for quarterly profit on Thursday, hurt by higher loan-loss provisions to cover for consumers struggling to make their repayments in a tough economy.

24.08 / 16:30

Subway Business News Subway being sold to Arby’s owner for a reported US$9.6B

Sandwich chain Subway said Thursday it will be sold to the private equity firm Roark Capital.

27.07 / 17:01

Facebook WhatsApp Meta Instagram Business News earnings boost ad Meta stock rallies as rosy forecast shows AI helped boost ad sales

Meta shares surged nearly 10 per cent on Thursday as a rosy revenue forecast showed that artificial intelligence was helping the social media giant boost engagement and ad sales even in an uncertain economy.

26.07 / 14:45

inflation Business News Loblaw Food Prices food inflation Canada News Loblaw beats Q2 earnings estimates on sustained demand for essentials

Canadian retailer Loblaw on Wednesday beat Wall Street expectations for second-quarter revenue and profit, helped by sustained demand for groceries and drugs and higher prices.

20.07 / 15:53

Netflix Business News Netflix stock slides as streaming giant falls short of revenue expectations

Streaming video pioneer Netflix disappointed Wall Street on Wednesday with second-quarter revenue that fell short of analyst estimates, sending shares tumbling.

30.06 / 10:55

retail Cyberattack Business News Indigo Indigo says changing consumer habits, cyberattack dragged down earnings

Canadian retailer Indigo Books and Music Inc. said cooling consumer spending compounded the effects of a ransomware attack against the company in February, dragging down its earnings amid a board of directors shakeup.

16.01 / 12:57

cryptocurrency Crypto Trading Business News Budget 2022: Govt could consider levying TDS/TCS on crypto trading, make it reportable in SFT

The government could consider in the upcoming Budget levying TDS/TCS on sale and purchase of cryptocurrencies above a certain threshold and such transactions should be brought within the ambit of specified transaction for the purpose of reporting to income tax authorities, Nangia Andersen LLP Tax Leader Aravind Srivatsan said.

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