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Aug 11, 2011

Canadian Tire profit falls on higher spending

TORONTO, Aug 11 (Reuters) – Canadian Tire Corp (CTC.TO: Quote, Profile, Research, Stock Buzz)
(CTCa.TO: Quote, Profile, Research, Stock Buzz), one of the country’s biggest retailers, said on
Thursday quarterly profit fell 14 percent as it spent more on
promotions and invested in infrastructure.

Profit at the company, whose flagship Canadian Tire chain
sells housewares, sporting goods and automotive products,
dropped even as higher gasoline prices helped boost retail
sales by 5.1 percent.

Aug 11, 2011

Tim Hortons profit rises, paced by U.S. sales

TORONTO, Aug 11 (Reuters) – Tim Hortons Inc’s (THI.TO: Quote, Profile, Research, Stock Buzz)
(THI.N: Quote, Profile, Research, Stock Buzz) profit rose 1.5 percent as Canada’s largest restaurant
chain benefited from strong U.S. sales and passed along higher
coffee costs to its customers, sending its shares higher.

The outperformance in the United States, a smaller market
for the company than Canada, was a sign that the retailer was
finally making headway in the cutthroat market.

Aug 10, 2011

Rona profit tumbles on slow home-improvement sales

TORONTO, Aug 10 (Reuters) – Rona Inc’s (RON.TO: Quote, Profile, Research, Stock Buzz) quarterly
profit dropped a steeper-than-expected 40 percent as Canadian
consumers cut spending on its home improvement products,
sending its shares down 5 percent.

The reluctance of homeowners to invest in big-ticket
renovation projects, the lifeblood of Rona’s business, has
plagued Canada’s No. 1 do-it-yourself chain.

Aug 5, 2011

Telus profit rises on smartphones, wireless growth

TORONTO, Aug 5 (Reuters) – Telus Corp’s (T.TO: Quote, Profile, Research, Stock Buzz) quarterly
net profit rose 7 percent on gains at its wireless and Internet
television segments, outshining its larger rivals and prompting
the company to raise its revenue forecast for the year.

The Canadian telecoms company, whose shares dropped on
Friday along with the broader market, said the rapid adoption
of smartphones such as Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone boosted data
revenue and fueled subscriber growth.

Aug 4, 2011

Generic threat to Valeant drug sends shares reeling

TORONTO, Aug 4 (Reuters) – Valeant Pharmaceuticals
International Inc (VRX.TO: Quote, Profile, Research, Stock Buzz)(VRX.N: Quote, Profile, Research, Stock Buzz) said new generic rivals cut
into sales for one of its top drugs, overshadowing a sharp rise
in quarterly earnings and sending its shares down 15 percent.

Sales of Wellbutrin XL, an antidepressant that accounted
for about 7 percent of revenue in the second quarter, would
likely keep falling, Valeant said.

Jul 21, 2011

Loblaw profit rises, cautions on competition

TORONTO, July 21 (Reuters) – Loblaw Cos Ltd (L.TO: Quote, Profile, Research, Stock Buzz),
Canada’s No. 1 grocery chain, posted a higher quarterly profit
on Thursday but warned that its sales position is at risk due
to “unpredictable and competitively intense market
conditions”.

Competition in the C$100 billion-plus Canadian grocery
sector has heated up greatly in the last three quarters, with
Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) expanding its food-stocked
supercenters.

Jul 15, 2011

Valeant aims to become top player in skincare

TORONTO, July 15 (Reuters) – Valeant Pharmaceuticals
International Inc (VRX.TO: Quote, Profile, Research, Stock Buzz) (VRX.N: Quote, Profile, Research, Stock Buzz) wants to become the world’s
biggest player in the skincare sector in about five years, its
top executive told Reuters on Friday.

The company has been signaling its intent with a string of
recent mid-sized acquisitions in the highly fragmented but
lucrative dermatology sector.

Jun 28, 2011

Canadian Tire pushes into big appliance market

TORONTO, June 28 (Reuters) – Canadian Tire Corp (CTC.TO: Quote, Profile, Research, Stock Buzz)
(CTCa.TO: Quote, Profile, Research, Stock Buzz) is pushing into the C$3 billion ($3 billion) a yearlarge-appliance market to sustain sales growth as competition
in Canada’s retail industry heats up.

The retailer — which already sells small appliances as
well as automotive products, electronics, sports gear and other
hard goods — hopes its customer base will now linger at its
ubiquitous stores a little longer to make pricier purchases.

Jun 27, 2011

Lululemon eyes $1 billion in revenue

TORONTO/NEW YORK (Reuters) – Lululemon Athletica Inc (LLL.TO: Quote, Profile, Research, Stock Buzz) (LULU.O: Quote, Profile, Research, Stock Buzz) is not feeling threatened by new premium yoga lines from big-name sportswear manufacturers such as Nike (NKE.N: Quote, Profile, Research, Stock Buzz) and Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz), despite worries that competition might cut into its phenomenal growth curve.

The Vancouver-based yogawear retailer expects to hit $1 billion in revenue during fiscal 2012, as productivity at its U.S. stores, once a cause for concern among investors, climbs closer to that seen in its highly profitable Canadian outlets.

May 24, 2011

Harry Winston plans rapid China growth

TORONTO/NEW YORK (Reuters) – Harry Winston Inc, the luxury jewelry and watch retailer, is looking to more than double its store count in five years by tapping lucrative markets such as China, Russia and Dubai, its top executive said on Tuesday.

Its aggressive expansion plans will boost sales growth and take its store total to 50, from 19 currently, Chief Executive Frederic de Narp said.