Canadian Tire profit down

Canadian Tire Corp. reported its first-quarter profit fell compared with a year ago as revenue moved higher. The retailer says it earned a profit attributable to shareholders of $69.7 million or $1.12 per share for the quarter ended March 30. That compared with a profit of $78 million or $1.18 per share a year earlier. […]

Local businesses optimistic about their futures, but concerned about provincial economy

The Hamilton Chamber of Commerce survey reports members unsatisfied with transportation infrastructure Hamilton businesses are confident about their individual futures, but not so optimistic about the overall economic landscape in Ontario, a report suggests. Growing client bases and increased demand for products and services are pushing up the confidence of business owners, but the high […]

Quebecor eyes Transat

The head of Quebecor Inc. says he is exploring a possible acquisition of Montreal-based tour operator Transat A.T., but another prospective buyer is already a step ahead. Chief executive Pierre Karl Peladeau said Thursday he has commissioned a financial analysis by an investment firm. “I believe it’s a very good brand. I think Quebeckers like […]

Globe and Mail offers voluntary buyouts in effort to save $10M annually

Employees have until May 29 to enrol in program The Globe and Mail has offered its employees a voluntary severance program in an effort to cut costs. Globe employees were told Wednesday that the newspaper is looking to cut $10 million annually from its operating budget. A Globe spokeswoman says employees have until May 29 […]

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