After navigating the twin perils of low crude oil prices and stretched real estate markets in 2016 – and posting an aggregate gain in share prices of 26 per cent along the way – things are looking much brighter for Canada’s big banks.
Competition watchdog announces lawsuit against HBC, alleging deceptive pricing
Canada's competition watchdog says it's suing Hudson's Bay Co. over alleged deceptive pricing practices.
Dairy Queen could be next target for Restaurant Brands: Analyst
The ink has barely dried on the announcement that Restaurant Brands International Inc will buy Popeyes Louisiana Kitchen, and already analysts are pondering who could be next on Restaurant Brands’ takeover target list.
Freshii heads across the pond to United Kingdom
Freshii Inc. says it is taking its healthy-food eateries across the pond to the United Kingdom.
‘Giant denial’ about fraud risk in corporate Canada, warns ex-RCMP investigator
"This kind of 'it won't happen to me' optimism puts the advantage in the hands of criminals and makes Canadian businesses tremendously vulnerable," said Greg Draper, MNP’s vice-president of valuations, forensics and litigation support.
Unilever regroups after rejecting Kraft offer
"The events of the last week have highlighted the need to capture more quickly the value we see in Unilever," the company said in a brief statement. "We expect the review to be completed by early April, after which we will communicate further."
Canadian meat packaging company Maple Leaf Foods Inc's (MFI.TO) quarterly profit more than doubled as margins in its prepared meats business improved.
Tim Hortons' parent 'jumping on the fried chicken bandwagon' with US$1.8B Popeyes acquisition
The deal, which will likely value Popeyes at more than US$1.7 billion, is a bet by Oakville, Ontario-based Restaurant Brands that it can use its international reach to introduce Popeyes' Louisiana-style fried chicken and buttermilk biscuits to more diners globally.
CSX CEO Michael Ward to retire
U.S. railroad operator CSX Corp said on Tuesday Chairman and Chief Executive Michael Ward would retire, effective May 31, after being in the role for more than 14 years.
Macy's tops profit expectations, revenue misses
On a per-share basis, the Cincinnati-based company said it had net income of US$1.54. Earnings, adjusted for non-recurring costs, came to US$2.02 per share.