Transportation, Retail and Markets Correspondent, Canada
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Apr 24, 2013

CP Railway profit soars, sees record year-end results

TORONTO, April 24 (Reuters) – Canadian Pacific Railway Ltd
said a hard-driving efficiency push coupled with revenue
gains helped fuel its best first-quarter results since Canada’s
No. 2 rail carrier was founded in 1881.

But that is just the beginning, management promised on
Wednesday, outlining plans for an intense review of operations
starting next month that will scrutinize every part of the
railway, down to the schedule of each train.

Apr 23, 2013

Canada’s largest train operator says crude-by-rail on track to expand

TORONTO, April 22 (Reuters) – Oil companies are increasingly
investing in transporting crude by railway, Canadian National
Railway said on Monday, with growing demand expected to bolster
earnings in coming years.

Canada’s biggest railway operator, which saw its
crude-by-rail revenue jump 300 percent in the first quarter,
said that what had begun as smaller players building smaller
terminals has turned into something bigger.

Apr 11, 2013

Hudson’s Bay CEO says best opportunities at Canadian arm

April 11 (Reuters) – Hudson’s Bay Co’s chief
executive said on Thursday that the best opportunities for the
343-year-old company are at its namesake Canadian department
store chain.

The company, which owns two of the most venerable names in
department stores – Hudson’s Bay in Canada and Lord & Taylor in
the United States, has seen its stock tumble 12 percent since
its listing on the Toronto Stock Exchange in November.

Apr 10, 2013

Canada’s Porter Airlines buys Bombardier jets in expansion push

TORONTO (Reuters) – Canadian regional carrier Porter Airlines announced an ambitious expansion plan on Wednesday, driven by an order worth up to $2.08 billion for up to 30 of Bombardier Inc’s all-new CSeries jets. But the push into new markets comes with challenges.

The privately held airline said it will need revisions to rules at its hub, the downtown Toronto Island airport, that prohibit the operation of scheduled commercial jets and the extension of runways.

Mar 27, 2013

Statscan says no evidence of leak despite C$ rise before inflation data

TORONTO, March 27 (Reuters) – A sharp rally in the Canadian
dollar minutes before Wednesday’s release of key inflation data
sparked market talk that the report had been leaked, an idea
Canada’s statistics agency played down.

It was not the first time traders have speculated about a
leak of Canadian data. Statistics Canada, the federal government
agency, investigated similar reports in 2009, but found no
evidence that its staff or any media outlets had leaked data.
But at the same time it beefed up security measures.

Mar 21, 2013

Bombardier revenue could double in 5 yrs, sees dividend hike

TORONTO, March 21 (Reuters) – Canada’s Bombardier Inc
said revenue could nearly double over the next five
years, boosted by its new fleet of business and commercial
aircraft, and that it planned to plow some of the cash into
bigger dividend payments.

The Montreal-based aircraft and rail car builder, which
issued a lackluster 2013 outlook last month, is planning to
deliver the first of its new business Learjets this year and the
its first CSeries commercial aircraft next year.

Mar 21, 2013

Bombardier says revenue growth could nearly double in 5 years

TORONTO, March 21 (Reuters) – Canada’s Bombardier Inc
expects revenue to grow by more than 30 percent by
2015 and potentially nearly double over the next five years,
largely due to a fleet of new aircraft, company executives told
analysts and investors on Thursday.

The Montreal-based aircraft and rail car builder, which
issued a lackluster 2013 outlook last month, is banking on the
success of its aerospace division, which will see the first
delivery of some of its new business Learjets this year and the
first delivery of its new CSeries commercial aircraft next year.

Mar 19, 2013

Couche-Tard profit jumps 56 percent, but misses estimates

TORONTO, March 19 (Reuters) – Convenience store operator
Alimentation Couche-Tard reported a 56 percent jump in
quarterly profit Tuesday, but results fell short of analysts’
estimates, sending shares down as much as 6 percent.

Net income for the third quarter ended Feb. 3 rose to $142.5
million, or 75 cents a share, from $86.8 million, or 48 cents, a
year earlier.

Mar 19, 2013

Canada’s Rona brings in outsider as CEO; shares rise

By Solarina Ho

(Reuters) – Rona Inc (RON.TO: Quote, Profile, Research, Stock Buzz), Canada’s top home-improvement retailer and distributor, has chosen supermarket-chain executive Robert Sawyer as CEO, putting him in charge of efforts to fight back against large U.S.-based competitors.

Shares of Rona rose as much as 6 percent on Tuesday after it said Sawyer, former chief operating officer at Canadian grocer Metro Inc (MRU.TO: Quote, Profile, Research, Stock Buzz), would replace acting Chief Executive Dominique Boies next month. Rona’s longtime CEO, Robert Dutton, stepped down in November.

Mar 8, 2013

GM to spend C$250 mln on Canada’s CAMI assembly plant

TORONTO, March 8 (Reuters) – General Motors Co is
spending C$250 million ($243.46 million) to retrofit its CAMI
Automotive Inc assembly plant in Ingersoll, Ontario, for future
vehicle production, the company said on Friday.

The facility currently produces the popular crossover
utility models Chevrolet Equinox and the GMC Terrain.

    • 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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