3 d. ago Grocery and drugstore retailer Metro reports $323M Q3 profit, up from $296M

MONTREAL — Metro Inc. reported a third-quarter profit of $323 million, up from $296.2 million in the same quarter last year. The grocery and drugstore retailer says its profit amounted to $1.48 per diluted share for the 16-week period ended July 5, up from $1.31 per diluted share a year ago. Sales for the quarter […]

Economics

9 d. ago Maple Leaf Foods reports Q2 profit rose, driven by pork business

MISSISSAUGA — Maple Leaf Foods Inc. reported its second-quarter profit of $57.8 million, compared with a loss of $26.2 million a year ago. Its earnings amounted to 46 cents per diluted share for the quarter ended June 30, up from a loss of 21 cents per share in the same quarter last year, the company […]

Economics

9 d. ago Toyota reports 37% drop in profit, cuts its forecast due to Trump’s tariffs

TOKYO —- Toyota’s profit plunged 37% in the April-June quarter, the company said Thursday, cutting its full year earnings forecasts largely because of President Donald Trump’s tariffs. The Japanese automaker said it based its report on the assumption that Trump’s tariffs on exports from Japan, including autos, would be 12.5% starting this month. As of […]

Economics

1 week ago Shopify and its merchants ‘remaining resilient’ amid escalating tariff war: CFO

Tariffs don’t appear to be weighing on Shopify Inc. The Ottawa-based purveyor of e-commerce software reported a profit Wednesday of US$906 million in its latest quarter as its revenue grew by 31 per cent. The numbers belie the ongoing trade dispute, which poses a threat to businesses Shopify counts on for cash and stands to […]

Economics

1 week ago Japan’s Honda forecasts drop in profits despite strong US auto sales

TOKYO (AP) — Honda’s profit in the last quarter was half of what it was a year earlier, the company said Wednesday, as automakers were hit by 25% tariffs on vehicle exports to the United States. The Japanese automaker reported Wednesday that its April-June profit totaled 196.7 billion yen ($1.3 billion), about half of what […]

Other

1 week ago Pet Valu announces Greg Ramier as new CEO, reports Q2 profit of $21.8M

Pet Valu Holdings Ltd. will soon have a new top dog. The Markham, Ont.-based pet goods retailer announced Tuesday that president and chief operating officer Greg Ramier will become its CEO later this year. Ramier, who jumped from grocery giant Loblaw Cos. Ltd. to Pet Valu in August 2024, will replace Richard Maltsbarger and be […]

Economics

1 week ago Aramco Profit Falls for 10th Quarter, Debt Rises on Weak Oil

Saudi Aramco reported a decline in profit for a 10th straight quarter as lower oil prices outweighed the impact of higher production.

Economics