A&W reports sales growth, but net income falls short of expectations

A&W reports sales growth, but net income falls short of expectations
VANCOUVER — A&W Revenue Royalties Income Fund saw sales growth in its most recent quarter, following a record performance in the same quarter last year. The fund says same-store sales, a key retail metric, grew 1.2 per cent for the third quarter ended Sept. 8. That comes after a 13 per cent jump in same-store sales in the third quarter... Read More

Air Canada scrubs 737 Max from schedule until Feb. 14, affecting thousands

Air Canada scrubs 737 Max from schedule until Feb. 14, affecting thousands
MONTREAL — Air Canada is keeping the Boeing 737 Max off its flying schedule until Feb. 14, citing “regulatory uncertainty” that will affect thousands of passengers. The country’s biggest airline had earlier scrubbed the 24 jetliners from schedules until Jan. 8. Boeing has said it expects federal authorities to greenlight software changes to the bestselling aircraft in the fourth quarter, but regulators say they... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,427.18, up 8.79 points). Aphria Inc. (TSX:APHA). Health care. Down 76 cents, or 10.6 per cent, to $6.41 on 5.9 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 23 cents, 4.63 per cent, to $4.74 on 5.2 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up 11... Read More

Airbnb settles Quebec class-action lawsuit over clear pricing

Airbnb settles Quebec class-action lawsuit over clear pricing
MONTREAL — Quebec Airbnb users could be in line for payments worth up to $45 after the company reached a settlement in a class-action lawsuit over misleading prices. Customers represented by LPC Avocat Inc. launched the class-action case in 2017 over the company’s practice of adding charges at checkout, something the law firm said is illegal under Quebec’s Consumer Protection Act. Plaintiffs... Read More

Classes cancelled as threat of Chicago teacher strike looms

Classes cancelled as threat of Chicago teacher strike looms
Chicago’s mayor announced on Wednesday that the city’s public schools will be shut down on Thursday, one day ahead of an expected teachers’ strike. Mayor Lori Lightfoot said during a news conference that the district’s 25,000 teachers represented by the Chicago Teachers Union would almost certainly walk out on Thursday based on union leaders’ reaction to bargaining talks this week.... Read More

Seafood fraud common in Canada’s cities, Oceana Canada study finds

Seafood fraud common in Canada’s cities, Oceana Canada study finds
MONTREAL — A new study found 61 per cent of seafood products tested at Montreal grocery stores and restaurants were mislabelled. Oceana Canada tested 90 samples from 50 locations in July 2019 and found 31 were a different species than was claimed, 21 were mislabelled and three contained species not authorized for sale in the country. The results combined with... Read More

Materials, financials and energy sectors help lift stocks in Toronto

Materials, financials and energy sectors help lift stocks in Toronto
TORONTO — Canada’s main stock index edged higher in mixed trading, while materials, financial and energy sectors moved up. The S&P/TSX composite index was up 16.16 points at 16,434.55. In New York, the Dow Jones industrial average was down 11.12 points at 27,013.68. The S&P 500 index was down 2.16 points at 2,993.52, while the Nasdaq composite was down 18.50... Read More

SIR restaurant income fund lowers distributions 16.7 per cent due to lower sales

SIR restaurant income fund lowers distributions 16.7 per cent due to lower sales
BURLINGTON, Ont. — SIR Royalty Income Fund says a change in consumer behaviour has reduced food and beverage sales at its full-service restaurants, resulting in a decision to lower its monthly cash distributions to investors by 16.7 per cent. The trust’s income is generated from a number of restaurant brands, including 38 locations of Jack Astor’s Bar and Grill. Its distributions will drop... Read More

Grind, grind, grind: Brexit talks soldier on, summit looms

Grind, grind, grind: Brexit talks soldier on, summit looms
BRUSSELS — The European Union and Britain saw their chances of reaching a full Brexit divorce deal by Thursday’s EU summit diminish by the hour Wednesday as legal issues centring on the Irish border frustrated negotiators. Hopes were increasingly turning toward getting a broad political commitment to a Brexit deal between British Prime Minister Boris Johnson and the 27 other... Read More

US retail sales dip 0.3% in September

US retail sales dip 0.3% in September
WASHINGTON — Retail sales dropped in September by the largest amount in seven months, possibly signalling that rising trade tensions and turbulent markets are having an impact on consumer spending. Retail sales fell 0.3% last month following a 0.6% gain in August, the Commerce Department reported Wednesday. It was the first decline since a 0.5% drop in February. Consumer spending... Read More