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

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

Lululemon launches investigation into alleged worker abuse at supplier factory

Lululemon launches investigation into alleged worker abuse at supplier factory
VANCOUVER — Lululemon Athletica Inc. is investigating reports of worker abuse at a manufacturing facility in Bangladesh that has supplied the athleisure retailer. “We take these allegations very seriously and we are committed to a full, independent investigation,” the company said in an emailed statement. The Guardian newspaper reported Monday that some female workers at the factory, owned and run by another... Read More

Aritzia says Q2 net income up 19 per cent to $17.9M after online sales boost

Aritzia says Q2 net income up 19 per cent to $17.9M after online sales boost
VANCOUVER — Clothing retailer Aritzia Inc. says net income rose by about 19 per cent in its last quarter compared with a year earlier as it expanded its online sales and store count. The Vancouver-based company reported net income of $17.9 million in the second quarter of its fiscal 2020 year, which ended Sept. 1, compared with $15.1 million for the same... Read More

Aimia’s largest investor says dissident shareholders’ board picks ‘well-suited’

Aimia’s largest investor says dissident shareholders’ board picks ‘well-suited’
NEW YORK — Aimia Inc.’s largest investor called the board nominees put forward by dissident shareholders at the company “qualified and well-suited” based on an initial review. Mittleman Brothers LLC says it will “seek to engage” with the nominees as soon as the dissident shareholders’ information circular is mailed, to hear their ideas, share its views and determine the extent... Read More

Cannabis producer Aphria reports $16.4M first-quarter profit, $126.1M revenue

Cannabis producer Aphria reports $16.4M first-quarter profit, $126.1M revenue
LEAMINGTON, Ont. — Cannabis company Aphria Inc. reported a profit of $16.4 million in its latest quarter, its second consecutive quarter of profitable growth. The company said the profit for the quarter ended Aug. 31 amounted to seven cents per share, up from $15.8 million or five cents per share in the prior quarter. Aphria earned $21.2 million or nine... Read More

CannTrust to destroy $77 million of plants and inventory to comply with rules

CannTrust to destroy $77 million of plants and inventory to comply with rules
VAUGHAN, Ont. — CannTrust Holdings Inc. says it will destroy $77 million worth of pot plants and inventory as part of its efforts to comply with regulations as authorized by Health Canada. The Vaughan, Ont.-based company received a notice of licence suspension in September from the federal regulator indicating its authority to produce cannabis, other than cultivating and harvesting, and to... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,415.16, down 7.52 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 10 cents, 2.02 per cent, to $4.86 on 9.2 million shares. First Quantum Minerals Ltd. (TSX:FM). Materials. Up 55 cents, or 5.71 per cent, to $10.19 on 8.4 million shares. The Green Organic... Read More