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National Business
National Business
Tim Hortons sales fall by one-third as RBI feels the pain of pandemic
Restaurant Brands International Inc. saw the pandemic take a big bite out of earnings last quarter, with sales down 31 per cent year over year despite a rebound during the past month as commuters return to the roads.
Aug 6, 2020 4:39 PM
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Canadian Natural sets synthetic crude record while recording net loss of $310M
CALGARY — Shares in Canadian Natural Resources Ltd. rose Thursday after it reported record production of synthetic crude oil and lower operating costs at its oilsands mining operations in northern Alberta during the second quarter.
Aug 6, 2020 4:35 PM
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Hotels, mall closures drive $1.5 billion loss for Brookfield Property
TORONTO — Mall closures and investments in hotels dragged down earnings this spring for Brookfield Property Partners L.P., which on Thursday said it lost money in the second quarter.
Aug 6, 2020 4:16 PM
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Demand for puzzles, plushies fails to offset higher-margin declines at Spin Master
TORONTO — Closed schools, stores and movie theatres — and a lack of children's birthday parties — have been just a few of the COVID-19-related challenges for toymaker Spin Master. Toronto-based Spin Master Corp.
Aug 6, 2020 4:00 PM
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Hilton sales plunge in second quarter with travel frozen
Hilton lost $432 million in the second quarter, and occupancy rates began to lift from dismal lows as hotels reopen and coronavirus restrictions were lifted around the world.
Aug 6, 2020 2:42 PM
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Canadian Tire sees second-quarter loss amid COVID-19 store closures
TORONTO — Canadian Tire Corp. Ltd.'s latest quarterly report fell short of analyst expectations as it saw revenue fall amid COVID-19 related store closures.
Aug 6, 2020 2:28 PM
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No summer slowdown in Toronto real estate as July shatters sales record
TORONTO — July was a record-breaking month for Toronto real estate sales, as a nearly 17 per cent price spike did not stop homebuyers from making offers. “Sales activity was extremely strong for the first full month of summer.
Aug 6, 2020 1:26 PM
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Saputo boosts profits despite sagging revenues as retail milk sales rise
MONTREAL — Dairy processor Saputo is reporting higher profits and lower revenues in its first quarter as the COVID-19 pandemic upended consumer buying patterns.
Aug 6, 2020 1:05 PM
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Onex Corp. swings to profit as markets rebound following first-quarter plunge
TORONTO — Onex Corp. says it swung to a profit in the second quarter, rebounding from segment losses of more than $1.1 billion in the first three months of the year as markets roared back in spite of the pandemic.
Aug 6, 2020 12:32 PM
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Bell parent's Q2 profit plunges as TV, radio assets written down but CEO upbeat
TORONTO — The parent of Bell Canada saw its net profit fall nearly 70 per cent from the same period last year due to the pandemic's impact on economic activity and customer demand, but said Thursday that it's well-positioned to withstand the headwind
Aug 6, 2020 12:29 PM
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