Transportation, Retail and Markets Correspondent, Canada
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Jun 3, 2013

Lululemon pants back on shelves after see-through blunder fixed

TORONTO (Reuters) – Lululemon Athletica Inc (LLL.TO: Quote, Profile, Research, Stock Buzz)’s black “Luon” pants are back on store shelves, the Canadian retailer said on Monday, following a highly-publicized recall in March after the fabric was deemed too transparent.

The company warned in March that it could lose up to $40 million in profit this fiscal year after it pulled its snug-fitting black workout pants made with its signature Luon fabric from stores due to an “unacceptable level of sheerness.”

Jun 3, 2013

Canada manufacturing PMI strongest level in nearly a year

TORONTO, June 3 (Reuters) – Canada’s manufacturing growth
expanded at its fastest pace in nearly a year in May, according
to data released on Monday, underpinned by new orders which
pushed output back into growth mode for the first time in three
months.

The RBC Canadian Manufacturing Purchasing Managers’ Index
was up sharply at 53.2 in May after adjusting for seasonal
variation, rising from 50.1 in April.

May 10, 2013

Magna profit up on strong North America sales, raises outlook

TORONTO (Reuters) – Auto parts maker Magna International Inc (MG.TO: Quote, Profile, Research, Stock Buzz) (MGA.N: Quote, Profile, Research, Stock Buzz) posted a higher-than-expected rise in first-quarter profit on Friday as its revenues climbed 9 percent, boosted by strong sales in North America.

Shares of the Canadian company rose in pre-market trading as it also raised its 2013 outlook.

May 9, 2013

Tim Hortons CEO cautious on higher debt, buyback

TORONTO (Reuters) – Tim Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz) is likely to raise its debt levels and buy back shares but not to the extent that an activist investor is pushing for, Paul House, chief executive of the Canadian coffee-and-doughnut chain, said on Thursday.

Hedge fund Highfields Capital, which owns about 4 percent of Tim Hortons shares, has been pressuring the company to boost shareholder returns and appoint new board members with more financial experience.

May 9, 2013

Tim Hortons CEO cautious on higher debt, share buyback

TORONTO, May 9 (Reuters) – Tim Hortons Inc is
likely to raise its debt levels and buy back shares but not to
the extent that an activist investor is pushing for, Paul House,
chief executive of the Canadian coffee-and-doughnut chain, said
on Thursday.

Hedge fund Highfields Capital, which owns about 4 percent of
Tim Hortons shares, has been pressuring the company to boost
shareholder returns and appoint new board members with more
financial experience.

May 9, 2013

Bombardier says CSeries on track; revenue jumps

May 9 (Reuters) – Bombardier Inc, the world’s No.
4 commercial aircraft maker, said its CSeries jetliner was on
track to make its first flight in June as it reported a 25
percent jump in first-quarter revenue on robust growth at its
aerospace unit.

Earnings per share were in line with consensus, but analysts
said the details of the results were better than expected and
bode well for Bombardier’s outlook and share price, which rose
more than 5.4 percent to C$4.46 in early trading on the Toronto
Stock Exchange.

May 2, 2013

SNC eyes shedding assets, focus on Americas in new strategy

TORONTO (Reuters) – Scandal-mired SNC Lavalin Group Inc (SNC.TO: Quote, Profile, Research, Stock Buzz) reported a disappointing profit on Thursday as it laid out a growth strategy that would see it liquidate some infrastructure investments and focus on the lower risk markets of North and South America.

SNC, one of the world’s largest construction and engineering companies, said under the new strategy the Montreal-based firm would leverage its expertise in resources, exit investments at maturity, potentially sell non-core assets and reduce its equity stakes in large investments in the medium term.

May 2, 2013

‘Joe Fresh’ maker Loblaw to stay in Bangladesh – chairman

TORONTO (Reuters) – Loblaw Cos Ltd, Canada’s largest grocer, will continue to produce clothing in Bangladesh after a deadly textile factory collapse on April 24, but promised to improve the facilities it uses there, Executive Chairman Galen Weston said on Thursday.

“I am deeply troubled. I am troubled that despite a clear commitment to the highest standards of ethical sourcing, our company can still be part of such an unspeakable tragedy,” Weston told reporters ahead of an annual meeting of Loblaw, the company behind the discount clothing brand, Joe Fresh.

May 2, 2013

“Joe Fresh” maker to stay in Bangladesh -Loblaw chief

TORONTO, May 2 (Reuters) – Loblaw Cos Ltd, Canada’s
largest grocer and the company behind the discount clothing
brand Joe Fresh, is committed to staying in Bangladesh, but will
take steps to improve facilities, its top executive said on
Thursday.

“I am deeply troubled. I am troubled that despite a clear
commitment to the highest standards of ethical sourcing, our
company can still be part of such an unspeakable tragedy,”
executive chairman Galen Weston said in a press conference ahead
of the company’s annual meeting.

May 1, 2013

CP Rail blames derailments on ‘internal flaws,’ investing in safety

TORONTO, May 1 (Reuters) – Canadian Pacific Railway
said on Wednesday the recent derailments of trains carrying
crude and potash were caused by broken wheels and a broken rail,
and the company was investing in technology to prevent such
problems in the future.

Speaking at the company’s annual general meeting in Toronto,
Ontario Chief Executive Officer Hunter Harrison said the recent
accidents were the result of “internal flaws” and were
avoidable.

    • About Solarina

      "I am a Canadian transportation, retail and markets correspondent. I occasionally moonlight in entertainment and lifestyle news. I was formerly a homepage editor for Reuters.com, and an online news editor for Reuters.com, .co.uk and .ca. Life before Reuters included working in China and freelancing in California."
      Joined Reuters:
      2003
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