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Maple Leaf Foods reports $51.6M Q1 profit, sales edged lower

Maple Leaf Foods reports $51.6M Q1 profit, sales edged lower

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. reported a profit in its latest quarter compared with a loss a year ago as its sales edged lower. The company says its profit amounted to $51.
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Air Canada reports $81M Q1 loss, operating revenue up seven per cent from year ago

Air Canada reports $81M Q1 loss, operating revenue up seven per cent from year ago

MONTREAL — Air Canada reported a loss of $81 million in its first-quarter as its operating revenue rose seven per cent from a year ago. The airline says the loss amounted to 22 cents per diluted share for the quarter ended March 31.
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Young investors more likely to switch advisers, citing high fees: J.D. Power survey

Young investors more likely to switch advisers, citing high fees: J.D. Power survey

TORONTO — Traditional wealth management firms are at an increasing risk of losing younger clients, particularly as new rules to make investment fees more transparent loom, a new survey shows. An investor satisfaction study by J.D.
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Saskatchewan's Boundary dam carbon capture project underperforms, report says

Saskatchewan's Boundary dam carbon capture project underperforms, report says

A signature carbon capture and storage project in Saskatchewan continues to miss emissions reduction goals, raising questions about the cost-effectiveness of the technology, says a report.
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Federal Reserve says interest rates will stay at two-decade high until inflation further cools

Federal Reserve says interest rates will stay at two-decade high until inflation further cools

WASHINGTON (AP) — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably t
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Gildan Q1 earnings down almost 20% as feud over who should lead the company continues

Gildan Q1 earnings down almost 20% as feud over who should lead the company continues

As Gildan Activewear Inc. executives continued to argue with its top shareholders over who should lead the company, which is open to a sale, the business reported its earnings fell almost 20 per cent in its first quarter.
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London Drugs phone lines working, stores still closed after cybersecurity incident

London Drugs phone lines working, stores still closed after cybersecurity incident

VANCOUVER — London Drugs says its phone lines are working again after being taken offline in response to a cybersecurity incident. A statement from the Richmond, B.C.
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CN, CPKC workers approve strike mandate as possible work stoppage looms

CN, CPKC workers approve strike mandate as possible work stoppage looms

Employees at Canada's two biggest railways have authorized a strike that could see thousands of workers walk off the job in three weeks if they are unable to reach new deals on contract demands. About 6,000 employees at Canadian National Railway Co.
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B.C. launches portal to help find hotel rooms for emergency evacuees

B.C. launches portal to help find hotel rooms for emergency evacuees

VICTORIA — British Columbia's hotel association says a new central booking portal will help speed up the process of finding places to stay for emergency evacuees.
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Macklem says he doesn't think federal budget will have much of an impact on inflation

Macklem says he doesn't think federal budget will have much of an impact on inflation

OTTAWA — Bank of Canada governor Tiff Macklem said he doesn't think the federal budget tabled last month will have much of an effect on inflation.
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