TORONTO, March 17 (Reuters) – Lululemon Athletica Inc
(LLL.TO: Quote, Profile, Research, Stock Buzz) (LULU.O: Quote, Profile, Research, Stock Buzz) posted a higher quarterly profit on Thursday,
but said it was unable to meet the soaring demand for its yoga
and activewear gear in the current period.
U.S.-listed shares of the specialty clothier, which expects
cost pressures in 2011, initially dropped 6 percent in trading
before the opening bell, but later recovered somewhat.
TORONTO (Reuters) – Bauer Performance Sports Ltd (BAU.TO: Quote, Profile, Research, Stock Buzz), creator of the modern ice hockey skate, says it expects its initial public offering this week to herald growth in existing markets and expansion into new ones through acquisitions.
The 84-year-old Canadian company, now the world’s biggest maker of ice hockey gear, launched a C$75 million ($77 million) IPO on Thursday, floating a 30 percent stake.
TORONTO, March 6 (Reuters) – The imminent arrival of Target
Corp (TGT.N: Quote, Profile, Research, Stock Buzz) and other U.S. chain stores in the Canadian market
may drive smart investors to Canadian retailers that are most
insulated from the cross-border incursion.
Stores that compete most directly with Target, notably
clothiers and department stores, are not in an envious
TORONTO, March 4 (Reuters) – SNC-Lavalin Group Inc (SNC.TO: Quote, Profile, Research, Stock Buzz)
posted a sharp rise in quarterly profit and upped its dividend
on Friday, even as the Libyan crisis prompted a flat earnings
outlook after at least six straight years of profit growth.
The robust earnings report from SNC, one of the world’s
biggest engineering and construction companies and Canada’s
largest, comes just days after the Libyan crisis brought
several big projects projects it has undertaken in the country
to a halt.
TORONTO, Feb 23 (Reuters) – Tim Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz),
Canada’s biggest restaurant chain, on Wednesday posted strong
quarterly sales growth in stores opened at least a year,
especially in the U.S. market, sending its shares higher.
The sales performance may have helped investors look past a
quarterly profit that was little changed from a year earlier
and came up short of analysts’ average forecast. The company
issued a full-year forecast that was in line with market
TORONTO, Feb 17 (Reuters) – Canada’s Jean Coutu Group Inc
(PJCa.TO: Quote, Profile, Research) expects growth in the volume of generic drug sales at
its pharmacy chain to compensate over time for changes in
government programs designed to lower prices.
Reforms put into effect last year by Quebec’s provincial
government will drive more sales of generic drugs in the long
term, said Francois Coutu, chief executive of Longueuil-based
Jean Coutu, which mostly operates in the French-speaking
TORONTO, Feb 10 (Reuters) – Canadian Tire Corp (CTC.TO: Quote, Profile, Research, Stock Buzz)
(CTCa.TO: Quote, Profile, Research, Stock Buzz) said on Thursday quarterly earnings rose on improved
margins and lower interest costs, but the retailer missed
analyst forecasts because of a tax reporting change.
The company, which operates 482 Canadian Tire stores,
reported a 2.4 percent rise in consolidated retail sales. But
sales at stores open a year or longer, a key measure for
retailers, fell 0.4 percent.
TORONTO (Reuters) – Lululemon Athletica Inc’s (LLL.TO: Quote, Profile, Research, Stock Buzz) (LULU.O: Quote, Profile, Research, Stock Buzz) shares, trading at a big premium to peers, could falter if the yogawear retailer’s sizzling growth shows signs of cooling.
While growth is not likely to slip soon, it’s far from certain how long the company can keep up its breakneck pace of expansion, with the outlook depending heavily on the Canadian company’s fate in the U.S. market.
TORONTO, Jan 24 (Reuters) – RioCan Real Estate Investment
Trust (REI_u.TO: Quote, Profile, Research, Stock Buzz) (REI_u.TO: Quote, Profile, Research, Stock Buzz) announced plans on Monday for a C$1
billion ($1 billion) joint venture to develop outlet malls in
Canada with U.S.-based Tanger Factory Outlet Centers (SKT.N: Quote, Profile, Research, Stock Buzz).
The deal comes as U.S. companies, struggling with a weaker
market at home, line up for retail space in Canada, which
suffered less in the global recession. Top U.S. brand names are
also seeking exposure in Canadian cities.
TORONTO, Jan 6 (Reuters) – Valeant Pharmaceuticals
International (VRX.TO: Quote, Profile, Research, Stock Buzz) on Thursday said it expected to report
quarterly results that could exceed what analysts on average
had expected and issued a 2011 outlook that topped their
Shares of the Canadian drugmaker jumped 15 percent after
the announcement. With Thursday’s gains, the stock has more
than doubled since last June, when Biovail said it would buy
U.S.-based Valeant for $3.3 billion and assume the Valeant