profits

Canada to contribute $5B toward Ukraine loan, source says as G7 leaders meet in Italy

Canada to contribute $5B toward Ukraine loan, source says as G7 leaders meet in Italy

Jun 13, 2024 | 7:27am
Canada is prepared to contribute $5 billion toward a loan to Ukraine that will be based on future revenue from frozen Russian assets, a senior government source confirmed on Thursday. The source, who is not being named because they are not authorized to discuss details publicly, says G7 leaders are finalizing details of the loan. […]
Competition Bureau probes alleges anticompetitive conduct by Loblaws, Sobeys owners

Competition Bureau probes alleges anticompetitive conduct by Loblaws, Sobeys owners

May 24, 2024 | 6:50am
Canada’s Competition Bureau has launched investigations into the parent companies of grocery chains Loblaws and Sobeys for alleged anticompetitive conduct, court documents reveal, with Sobeys’ owner calling the inquiry “unlawful.”  The Federal Court documents show the Commissioner of Competition launched the probes on March 1, saying there’s reason to believe the firms’ use of so-called property controls […]
Grocery code of conduct won’t drive prices higher: Empire chief executive

Grocery code of conduct won’t drive prices higher: Empire chief executive

Apr 2, 2024 | 7:53am
Empire Co. Ltd. chief executive Michael Medline said there’s no evidence that a grocery code of conduct would raise food prices for Canadians. The president and CEO of Sobeys’ parent company made the comment at a Retail Council of Canada event in Toronto on Tuesday. Medline said he wouldn’t support a grocery code of conduct […]

Federated Co-op has strong financial report for 2022

Feb 28, 2023 | 11:12am

  Federated Co-op is reporting a strong financial year in 2022. Federated Co-op had total sales of 12.5 billion dollars, a 38 percent jump from 9.1 billion dollars in 2021. Net earnings for the year reached 411 million dollars, allowing FCL to return a 348 million dollars patronage allocation to local Co-0ps. There are more […]

Nutrien announces net earnings of 7.7 billion dollars

Feb 16, 2023 | 12:59pm

  Saskatoon-based Nutrien has announced net earnings of 7.7 billion dollars in 2022. The profits were supported by higher fertilizer prices and record performance at Nutrien Ag Solutions, more than offsetting a reduction in fertilizer sales volumes. Nutrien’s board approved a 10 percent increase in the quarterly dividend to 53 cents per share. Nutrien expanded […]

CP Rail reports higher profits

Oct 27, 2022 | 2:19pm

  Canadian Pacific Railway is reporting its revenue and earnings for the third quarter were up from last year as it saw strong demand for potash shipping and other services. The railway says revenues of $2.31 billion for the quarter ending Sept. 30 were up 19 per cent compared with $1.94 billion in the same […]

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