Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,301.91, up 62.65 points). Encana Corp. (TSX:ECA). Energy. Down 33 cents, or 5.02 per cent, to $6.25 on 7.5 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up 20 cents, or 0.87 per cent to $23.32 on 5.5 million shares. Stornoway Diamond Corp. (TSX:SWY). Materials. Unchanged at two... Read More

Quebec developer makes formal buyout offer to Transat, outbidding Air Canada

Quebec developer makes formal buyout offer to Transat, outbidding Air Canada
MONTREAL — A Quebec developer who promised a takeover proposal for Transat AT Inc. has made good on his word, outbidding Air Canada in the process. Vincent Chiara of Group Mach Inc. filed a formal offer with the tour operator Thursday. The Montreal real estate heavyweight says he has proposed to acquire all of Transat’s voting shares for $14 each or $527.6... Read More

Broadcom shares fall as chipmaker warns on trade war impact

Broadcom shares fall as chipmaker warns on trade war impact
NEW YORK — Chipmakers suffered broad declines Friday after Broadcom warned that its business is being hurt by the U.S. trade dispute with China, including the Trump administration’s efforts to curb sales to the Chinese telecom giant Huawei. After the market closed on Thursday, Broadcom reduced its 2019 revenue forecast by $2 billion, saying customers are trimming orders because of... Read More

HBC correcting merchandising misstep, managers get better tools: CEO

HBC correcting merchandising misstep, managers get better tools: CEO
TORONTO — Shoppers at Hudson’s Bay stores may see more personnel on the floors at the busier locations later this year, and more upscale merchandise than last year, as the retailer’s management team works to revive the chain’s sales growth. Hudson’s Bay Co. chief executive Helena Foulkes told analysts Thursday that the Toronto-based company’s main Canadian banner recognizes that it put too much emphasis last year on mid-priced products.... Read More

Dollarama shares surge after boosting sales growth forecast for the year

Dollarama shares surge after boosting sales growth forecast for the year
MONTREAL — Dollarama Inc. shares surged more than 11 per cent Thursday after the discount retailer boosted its sales growth forecast for the year on hopes that its strategy to increase traffic and sales numbers pays off. The Montreal-based retailer’s shares gained $4.72 at $46.93 in early afternoon trading on the Toronto Stock Exchange. The company said Thursday that it expects comparable store sales growth of between... Read More

Hexo details U.S. CBD plans as Q3 earnings miss estimates, stock slips

Hexo details U.S. CBD plans as Q3 earnings miss estimates, stock slips
Cannabis company Hexo Corp. outlined its plans to enter eight U.S. states with CBD products in 2020 as it reported third-quarter earnings that fell short of expectations, sending its stock lower. Hexo chief executive Sebastien St.-Louis would not say which states the pot producer was prioritizing, but the company expects to enter the U.S. market through a joint venture with Molson Coors Brewing Co. He added that it plans to... Read More

Bell follows Rogers ‘unlimited’ data in promotion plans, Telus on different path

Bell follows Rogers ‘unlimited’ data in promotion plans, Telus on different path
TORONTO — Bell has responded to a new Rogers wireless data pricing strategy by offering limited-time promotions that also don’t charge overage fees once the cap has been exceeded — a new approach for Canada’s national wireless carriers. Like its rival, Bell is offering a $75 per month plan with up to 10 gigabytes of full-speed data usage per month, followed... Read More

Discount retailer Dollarama reports Q1 profit and sales up from year ago

Discount retailer Dollarama reports Q1 profit and sales up from year ago
MONTREAL — Discount retailer Dollarama Inc. says it earned $103.5 million in its latest quarter, up from $101.5 million a year ago, as revenue grew by 9.5 per cent. The company says the profit amounted to 33 cents per diluted common share for the quarter ended May 5 compared with 31 cents per diluted common share a year ago. Sales... Read More

Lululemon Q1 earnings outpace analyst expectations, company ups 2019 guidance

Lululemon Q1 earnings outpace analyst expectations, company ups 2019 guidance
VANCOUVER — Lululemon Athletica Inc.’s first-quarter earnings outpaced analyst expectations as the athleisure retailer remains confident in its ambitious growth plan for the next several years. “We are very pleased to see continued, strong momentum in the business,” said CEO Calvin McDonald Wednesday during a conference call with analysts. Revenue totalled $782.3 million, up about 20 per cent from $649.7... Read More

North West Co. says Giant Tiger stores ate into earnings on margin pressures

North West Co. says Giant Tiger stores ate into earnings on margin pressures
WINNIPEG — Retailer The North West Company Inc. says an insurance payout helped its net earnings rise in the last quarter despite disappointing results from its Giant Tiger outlets. The company, focused around its 117 Northern-branded stores in remote communities, says first quarter earnings were up 41.7 per cent to $26.2 million compared with the same quarter last year. Net... Read More