Archives

By Commodity News Service Canada WINNIPEG, Feb. 26, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. Canadian Finance Minister Bill Morneau is expected to unveil a restrained budget on Tuesday, with just enough spending to satisfy middle class voters under pressure from rising rates. The Liberals […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 23, 2018 – General Mills Inc. is getting into the pet food business. The maker of Cheerios is buying Blue Buffalo Pet Products Inc. in a deal worth US$8 billion. Last year Blue Buffalo earned more than US$1 billion in annual sales. Royal Bank of Canada earned a […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 22, 2018 – The president of Ford’s North American division is out after allegations of inappropriate behaviour. The company said Raj Nair was leaving the company after an internal review found behaviour that was inconsistent with its code of conduct. Details of the behaviour weren’t announced. Fourth-quarter profits […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 21, 2018 – Maple Leaf Foods is reporting a quarterly profit of C$59.1 million. The company is now planning to pay investors a quarterly dividend of 13 cents per share. Total sales for the quarter amounted to C$876.8 million. Uber is imposing new rules on company drivers in […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 20, 2018 – Quarterly earnings for American retail giant Walmart missed expectations. The company released revenue and sales data for the holiday period but took a hit in the gross margins category. Walmart earned US$136.3 billion in revenue, which fell below analysts’ expectations of US$134.9 billion. Canadian Prime […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 16, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. Farm Equipment maker Deere & Co reported a 23 per cent jump in first-quarter revenues Friday as its key markets improved, but recorded a net loss after a charge related […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 15, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. Shaw Communications has announced 3,300 of its employees have decided to take a voluntary buyout package – far above the company’s original estimate of about 650. One-quarter of Shaw’s workforce […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 14, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. A senior Shaw Communications official has admitted the company made a “big mis-step” in its handling of an employee buyout campaign. Chris Kucharski, Shaw’s consumer and business unit president, said […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 13, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump complained about Canadian trade practices on Monday during the unveiling of his long awaited infrastructure plan. In a lengthy session with reporters Trump complained about […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 12, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. Restaurant Brands International Inc. reported a better- than-expected profit for its fourth quarter as revenue was boosted by the acquisition of Popeyes and system-wide sales growth. The parent company of […] Read more