TORONTO (Reuters) – From dramas about mentors and their apprentices, to imaginative musicals, biopics, and documentaries, music underpinned an eclectic swathe of movies appearing at this year’s Toronto International Film Festival.
These ranged from high profile galas like Francois Girard’s ‘Boychoir’ and the Canadian premiere of Sundance favorite ‘Whiplash’ to Ethan Hawke’s intimate and well received study of a former concert pianist.
TORONTO (Reuters) – The interview was supposed to start, but pianist Seymour Bernstein was not quite ready. He held up his iPad to take one more picture of actor-director Ethan Hawke before he was satisfied.
“I think that captures the part of you that I’m very fond of: unassuming and full of affection,” Bernstein told Hawke, showing him the photo.
TORONTO (Reuters) – A jump in online sales helped yogawear chain Lululemon Athletica Inc report a higher-than-expected quarterly profit and increase its full-year earnings forecast on Thursday, sending its stock higher and reversing some damage from a high-profile recall last year.
Shares of the one-time investor darling jumped 14 percent in pre-market trading. Prior to the latest move, its shares had fallen more than 40 percent in the last 18 months following an embarrassing recall of yoga pants deemed too see-through.
TORONTO, Sept 8 (Reuters) – British class and privilege are
seldom associated with hooliganism and uncontrolled violence,
but Danish director Lone Scherfig pairs the two in a new film
about the debauched excesses of an exclusive Oxford University
“The Riot Club,” which premiered at the Toronto
International Film Festival on Saturday, is a story inspired by
the elite dining societies of Oxford and Cambridge.
TORONTO, Sept 8 (Reuters) – Canadian retailers, scrambling
to keep pace with the likes of Wal-Mart Stores Inc and
Amazon.com Inc in an increasingly crowded market, are
investing heavily in high-tech tools to lure shoppers.
Companies have ramped up their efforts to address consumers’
evolving shopping habits and to compete with rivals such as
Wal-Mart, which is pouring more than C$30 million ($27.4
million) into Canadian e-commerce projects this year.
TORONTO, Sept 4 (Reuters) – Bombardier Inc’s
troubled CSeries is on the brink of resuming test flights in
coming days, a source familiar with the matter said on Thursday.
“It is very close. There should be some good news on the
test program within the next week,” the source said.
TORONTO, Sept 3 (Reuters) – Braathens Aviation, the Swedish
carrier that backed out last week as the first CSeries operator,
said on Wednesday it is not canceling its order for Bombardier
Inc’s new plane following some speculation it may do
so after multiple delays.
“We have a firm delivery contract with Bombardier. So we are
fully committed,” said spokesman Geir Stormorken in an email.
TORONTO, Aug 29 (Reuters) – Bombardier Inc’s
troubled aerospace business faces more upheaval as a Swedish
carrier backed out as the first customer to start commercial
flights with its new CSeries jet and the Canadian firm said more
senior aerospace executives will be laid off.
Malmo Aviation, owned by Sweden’s Braathens Aviation, was
slated to be the first CSeries customer to take delivery of the
new jet in the second half of 2015, but the airline said on
Friday that will no longer be the case. It cited worries about
further delays after a May engine failure grounded the jets.
TORONTO (Reuters) – Burger King’s (BKW.N: Quote, Profile, Research, Stock Buzz) proposed $11.5 billion acquisition of Canada’s Tim Hortons (THI.TO: Quote, Profile, Research, Stock Buzz) may offer big tax benefits to the U.S. fast food chain but the real tax winner is likely to be its controlling shareholder, 3G Capital.
The New York investment firm is not only deferring a capital gains tax hit in the U.S. because of the deal structure, but is also poised to reap a multitude of dividend tax and other benefits by moving Burger King’s domicile to Canada, tax experts on both sides of the border said.
TORONTO, Aug 26 (Reuters) – Burger King Worldwide Inc
plans to buy Canadian coffee and doughnut chain Tim
Hortons Inc in a C$12.64 billion ($11.53 billion)
cash-and-stock deal that would create the world’s third-largest
fast-food restaurant group.
With roughly $23 billion in combined annual sales and more
than 18,000 restaurants in 100 countries, the new entity would
have a vast global footprint and huge growth potential, the
companies said in a joint statement on Tuesday.