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Dollarama sales growth continued in first quarter as Canadians grappled with inflation

by Anas Siddiqui
Dollarama sales growth continued in first quarter as Canadians grappled with inflation

Dollarama posted an increase in first-quarter sales and profit on Wednesday, as more Canadians shopped at its stores for affordable groceries and essentials. Canadian consumers have been looking for affordable …

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Indigo shareholders vote in favour of privatization sale to companies owned by CEO’s spouse

by Anas Siddiqui
Indigo shareholders vote in favour of privatization sale to companies owned by CEO’s spouse

Indigo Books & Music Inc. shareholders have voted to approve a deal that will see the retailer become a private company. Shareholders voted Monday in favour of a $2.50 per …

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Loblaw reports $13.58B in Q1 revenue, as Reddit group’s boycott kicks off

by Anas Siddiqui
Loblaw reports .58B in Q1 revenue, as Reddit group’s boycott kicks off

Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they …

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Tesla’s Q1 net income down 55% year over year

by Anas Siddiqui
Tesla’s Q1 net income down 55% year over year

Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable …

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Indigo agrees to go private after sale to holding company owned by chief executive’s spouse

by Anas Siddiqui
Indigo shareholders vote in favour of privatization sale to companies owned by CEO’s spouse

Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder. The retailer says its …

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Community group hopes to buy part of Acadie-Bathurst Titan hockey team

by Virginia Chavez
Community group hopes to buy part of Acadie-Bathurst Titan hockey team

A local group is hoping to start a co-operative so that it can purchase part of the Acadie-Bathurst Titan junior hockey team. Ed MacDermaid is a member of the group, which announced …

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BMO raises dividend, even as profits slump and loan loss provisions increase

by Anas Siddiqui
BMO raises dividend, even as profits slump and loan loss provisions increase

BMO Financial Group raised its dividend as it reported its fourth-quarter profit fell compared with a year ago. The bank said Friday it will now pay a quarterly dividend of …

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Bad loans piling up at big banks as TD, Royal and CIBC reveal quarterly numbers

by Anas Siddiqui
Bad loans piling up at big banks as TD, Royal and CIBC reveal quarterly numbers

Three of Canada’s biggest lenders posted quarterly earnings on Thursday, and as was the case at Scotiabank earlier in the week, they’re all putting a lot more money aside to …

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Charlie Munger, Warren Buffett’s right-hand man, dies at 99

by Walter Watson
Charlie Munger, Warren Buffett’s right-hand man, dies at 99

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. He was 99. Berkshire Hathaway said in a statement that Munger’s …

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Canadian Tire laying off 3% of corporate staff and cutting another 3% of open jobs

by Anas Siddiqui
Canadian Tire laying off 3% of corporate staff and cutting another 3% of open jobs

Canadian Tire Corp. Ltd. has cut about three per cent of its corporate work force as it responds to softening consumer demand. The retailer announced the job cuts in its quarterly earnings …

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