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Maple Leaf Foods CEO stepping down next year after being appointed executive chair
MISSISSAUGA, Ont. — The head of Maple Leaf Foods Inc. will be stepping down as chief executive next year, after being appointed executive chair of the board of directors.
May 4, 2022 6:27 PM
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Spin Master raises 2022 guidance after Q1 sales increase 34 per cent, profits surge
TORONTO — Toymaker Spin Master Inc. is increasing its revenue guidance for 2022 after sales increased 34 per cent in its latest quarter, causing profits to surge more than tenfold. The Toronto-based company, which reports in U.S.
May 4, 2022 6:02 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,184.95, up 279.67 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Down 10 cents, or 3.6 per cent, to $2.66 on 19.1 million shares.
May 4, 2022 5:32 PM
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Fed raises key rate by a half-point in bid to tame inflation
WASHINGTON (AP) — The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate h
May 4, 2022 5:27 PM
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Gildan smashes through expectations with record Q1 sales and profits up nearly 50%
MONTREAL — Gildan Activewear Inc. smashed through expectations as its net profit soared nearly 50 per cent in its latest quarter on record revenue due to stronger demand in North America.
May 4, 2022 5:25 PM
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North American stock markets surge after Fed says even larger rate hike not on table
TORONTO — North American stock markets surged Wednesday afternoon after the U.S. Federal Reserve announced its largest interest rate hike in 22 years but extinguished fears of even bigger increases to come. The U.S.
May 4, 2022 4:47 PM
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Canadian shoppers shift to discount stores, No Name brand amid high inflation: Loblaw
Canada's big three grocers say rising food prices are shaping shopping habits, with Loblaw Companies Ltd. the latest to offer insight into how people are saving money on their grocery bill amid soaring inflation.
May 4, 2022 3:25 PM
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Montreal home sales down 17% in April: Quebec brokers association
MONTREAL — A Quebec real estate organization says last month's Montreal home sales dropped by 17 per cent since last year, making it the least active April the market has seen since 2017.
May 4, 2022 2:20 PM
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Shares in Iamgold fall after it says Côté Gold project to cost more than expected
TORONTO — Shares in Iamgold Corp. were down more than 25 per cent in afternoon trading after the company warned its Côté Gold project will cost more than expected.
May 4, 2022 1:53 PM
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Sections of B.C. LNG line complete, partnership on disputed portion: Coastal GasLink
VANCOUVER — The company behind the Coastal GasLink liquefied natural gas pipeline across northern British Columbia says it is nearing 65 per cent overall completion of the project.
May 4, 2022 1:44 PM
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