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Transcontinental Q2 profit drops to $28.3 million without COVID wage subsidy

Transcontinental Q2 profit drops to $28.3 million without COVID wage subsidy

MONTREAL — Transcontinental Inc. says its net profit attributable to shareholders dropped more than 20 per cent to $28.3 million in its latest quarter with the ending of a COVID-19 wage subsidy.
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West Fraser Timber raising quarterly dividend by 20 per cent

West Fraser Timber raising quarterly dividend by 20 per cent

VANCOUVER — West Fraser Timber Co. Ltd. is raising its quarterly dividend by 20 per cent. The company says it will now pay a quarterly dividend of 30 cents US per share starting with its July 8 payment to shareholders of record on June 22.
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OECD slashes global economic outlook on Russia-Ukraine war

OECD slashes global economic outlook on Russia-Ukraine war

LONDON (AP) — Russia's war in Ukraine and the energy and food crises it worsened will severely drag down global economic growth and push up inflation this year, the Organization for Economic Cooperation and Development said Wednesday.
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Retailers renewed confidence in brick-and-mortar fuelling surge in commercial leases

Retailers renewed confidence in brick-and-mortar fuelling surge in commercial leases

TORONTO — When the COVID-19 pandemic struck and many abandoned in-person shopping and dining out, brick-and-mortar retail became one of the most undesirable assets in Canada.
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Banks help lead stocks lower in early going on Wall Street

Banks help lead stocks lower in early going on Wall Street

NEW YORK (AP) — Banks and technology companies are leading stocks lower in morning trading on Wall Street early Wednesday, but major indexes are still holding on to gains for the week. The S&P 500 slipped 0.
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Bausch + Lomb reports Q1 profit down from year ago, revenue edged higher

Bausch + Lomb reports Q1 profit down from year ago, revenue edged higher

VAUGHAN, Ont. — Bausch + Lomb Corp. reported its first-quarter profit fell compared with a year ago as its revenue edged higher. The company, which is being spun off from Bausch Health Companies Inc.
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Crypto meltdown is wake-up call for many, including Congress

Crypto meltdown is wake-up call for many, including Congress

NEW YORK (AP) — Meltdowns in the cryptocurrency space are common, but the latest one really touched some nerves. Novice investors took to online forums to share tales of decimated fortunes and even suicidal despair.
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Treasury Secretary Yellen expects inflation to 'remain high'

Treasury Secretary Yellen expects inflation to 'remain high'

WASHINGTON (AP) — Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a better word” than “transitory” when describing the expected run of inflation in the U.S. economy.
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Stingray caps weaker year with Q4 profits plunging to $4.5M despite higher revenues

Stingray caps weaker year with Q4 profits plunging to $4.5M despite higher revenues

MONTREAL — Stingray Group Inc. capped a challenging year with net profits plunging to $4.5 million in the fourth quarter despite higher revenues.
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Grocery chain Empire joins ownership group behind Scene+ loyalty program

Grocery chain Empire joins ownership group behind Scene+ loyalty program

TORONTO — Grocery giant Empire Company Ltd. is moving forward with a new loyalty program after becoming a co-owner of the Scene+ program operated by Cineplex Inc. and Scotiabank. The three parties announced the new partnership on Tuesday.
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