Lululemon beats expectations in first quarter with net revenue of $839 million

Lululemon beats expectations in first quarter with net revenue of $839 million
VANCOUVER — Lululemon Athletica Inc. says it had a profit of $839 million in the last quarter to beat analyst expectations. Net revenue in the quarter ending April 29 was a 25 per cent increase from the same quarter last year, and above the roughly $800 million expected by analysts according to Thomson Reuters Eikon. The Vancouver-based clothing retailer says total comparable... Read More

Canada responds to U.S. steel, aluminum tariffs with ‘countermeasures’ of its own

Canada responds to U.S. steel, aluminum tariffs with ‘countermeasures’ of its own
WASHINGTON — Canada is imposing dollar-for-dollar tariff “countermeasures” on up to $16.6 billion worth of U.S. imports in response to the American decision to make good on its threat of similar tariffs against Canadian-made steel and aluminum. The tariffs, which apply to a long list of U.S. products that includes everything from flat-rolled steel to playing cards and felt-tipped pens,... Read More

As tariffs loom, a look at Canada’s steel, aluminum industries, by the numbers

As tariffs loom, a look at Canada’s steel, aluminum industries, by the numbers
OTTAWA — The Trump administration says it will go ahead with plans to hit Canada, Mexico and the European Union with hefty tariffs on steel and aluminum, effective midnight Thursday night. Here are some facts and figures about the steel and aluminum industries in Canada: STEEL Production: About 13 billion tonnes a year. Sales: About $14 billion. Jobs: 22,000 direct, 100,000 indirect.... Read More

U.S. imposing steel and aluminum tariffs on Canada, Mexico, ahead of G7

U.S. imposing steel and aluminum tariffs on Canada, Mexico, ahead of G7
WASHINGTON — The Trump administration is making good on its threat to slap Canada with hefty steel and aluminum tariffs, setting the stage for a possible trade war and leaving Prime Minister Justin Trudeau in the middle of a very divided group of leaders at next week’s G7 summit. Commerce Secretary Wilbur Ross announced Thursday that the United States will end the temporary exemption on Canadian, Mexican and... Read More

BRP shares hit all-time high on record first quarter results and raised outlook

BRP shares hit all-time high on record first quarter results and raised outlook
VALCOURT, Que. — Recreational vehicle maker BRP Inc. shares hit an all-time high Thursday after it posted record results in the first quarter that prompted it to boost the outlook for the coming fiscal year. The Quebec-based company’s shares rose more than seven per cent to $61.10 in morning trading on the Toronto Stock Exchange. The company that makes snow machines, Sea-Doos, Can-Am off-road... Read More

CRTC: Internet video, music services must pay up to save Canadian content

CRTC: Internet video, music services must pay up to save Canadian content
OTTAWA — The national broadcast regulator says online giants like Netflix and Spotify should be forced to open their wallets to pay to create local content before Canadians see losses of jobs, services and content. The Canadian Radio-television and Telecommunications Commission says in a new report the federal government should consider regulating any online video or music service, no matter where they are located. The... Read More

Statistics Canada says the pace of economic growth slowed in first quarter

Statistics Canada says the pace of economic growth slowed in first quarter
OTTAWA — Canada’s pace of economic growth slowed in the first quarter to its lowest rate in nearly two years, but the weaker-than-expected data did little to tamp down economists’ predictions of an interest rate hike later this year. Statistics Canada said Thursday the economy grew at an annualized pace of 1.3 per cent for the first three months of the year, slower than the annual pace of... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,048.66, up 126.05 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 22 cents, or 4.73 per cent, to $4.87 on 17.03 million shares. Neovasc Inc. (TSX:NVC). Medical devices. Unchanged at 4.5 cents on 6.1 million shares. Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 17 cents, or 3.15 per cent, to... Read More

NAFTA unresolved, steel tariffs hanging after Freeland, Lighthizer meeting

NAFTA unresolved, steel tariffs hanging after Freeland, Lighthizer meeting
WASHINGTON — To hear Chrystia Freeland tell it, NAFTA and steel are like apples and oranges. Canada’s foreign minister is in Washington this week to avert an economic storm that could see Canada sideswiped by crippling U.S. tariffs on imports of steel and aluminum — if President Donald Trump follows through on his latest threat not to extend an exemption... Read More

‘Betrayed’ Canadians could launch unprecedented protests over pipeline: activist

‘Betrayed’ Canadians could launch unprecedented protests over pipeline: activist
VANCOUVER — Outrage over the federal government’s announcement about buying the Trans Mountain pipeline to ensure it gets built could fuel unprecedented protests, says a prominent environmentalist who was at the forefront of British Columbia’s so-called War in the Woods in the 1990s. Tzeporah Berman said the fight against the pipeline expansion is even bigger than those over logging in Clayoquot Sound. Canadians are angry the government... Read More