Transportation, Retail and Markets Correspondent, Canada
Solarina's Feed
Mar 11, 2014

Canadian employers expect slower pace of hiring -Manpower

TORONTO, March 11 (Reuters) – Canadian employers are looking
to hire at a slightly slower pace in the second quarter than in
both the first quarter and the same period a year earlier, the
weakest outlook in four years, according to a survey released on
Tuesday.

The ManpowerGroup Inc report, which measures the
difference between employers foreseeing more hiring and those
planning cuts, said the net employment outlook, adjusted for
seasonal variations, was nine percent, a two percentage point
slide compared to the last quarter and a three percentage point
slide from the same period in 2013.

Mar 6, 2014

Lavalin results miss estimates as old projects weigh

TORONTO, March 6 (Reuters) – Canada’s SNC-Lavalin Group Inc
reported marginally lower fourth-quarter earnings on
Thursday and forecast earnings for 2014 below expectations, with
both the results and the forecast hurt by unprofitable older
projects and a softening commodity market.

Shares of the Montreal-based company, which is working to
move past a far-reaching corruption scandal that brought down
senior executives, fell 4 percent to C$46.45 in
Toronto on Thursday morning.

Mar 3, 2014

Magna profit jumps as vehicle output picks up; div boosted

Toronto (Reuters) – Magna International Inc (MG.TO: Quote, Profile, Research, Stock Buzz)(MGA.N: Quote, Profile, Research, Stock Buzz), one of the world’s largest auto parts suppliers, said on Monday that quarterly profit jumped 31 percent, driven by a pickup in North America and Europe, and hiked its dividend.

Shares climbed more than 4 percent to a record as profit topped expectations.

Magna also trimmed the 2014 sales forecast for its core vehicle parts business due to a weakening Canadian dollar relative to the U.S. dollar, but maintained its total sales outlook.

Feb 20, 2014

Tim Hortons profit misses forecast; shares up after dividend hike

TORONTO, Feb 20 (Reuters) – Canadian coffee and doughnut
chain Tim Hortons Inc reported weaker-than-expected
results on Thursday, hurt by slowing growth, but its stock
jumped as it hiked its dividend and made plans to buy back up to
C$440 million ($399 million) in shares.

Shares of Tim Hortons, which faced shareholder pressure last
year to return capital, were up 3.2 percent at C$59.77, after
falling nearly 8 percent since it last reported quarterly
earnings in November.

Feb 20, 2014

Tim Hortons profit misses forecast; shares up after dividend hike

TORONTO, Feb 20 (Reuters) – Canadian coffee and doughnut
chain Tim Hortons Inc reported weaker-than-expected
results on Thursday, hurt by slowing growth, but its stock
jumped as it hiked its dividend and made plans to buy back up to
C$440 million ($399 million) in shares.

Shares of Tim Hortons, which faced shareholder pressure last
year to return capital, were up 3.2 percent at C$59.77, after
falling nearly 8 percent since it last reported quarterly
earnings in November.

Feb 14, 2014

Exclusive: Canadian Pacific follows CN, to slap surcharge on older oil tank cars

CALGARY/TORONTO (Reuters) – Canadian Pacific Railway Ltd (CP.TO: Quote, Profile, Research, Stock Buzz) is slapping a surcharge on customers who transport crude in older tank cars, following its larger rival in seeking to deter shippers from using the model involved in a series of fiery crashes.

CP Rail will add a $325 “general service tank car safety surcharge” on each car of crude that is shipped in any container other than the CPC 1232 model, effective March 14, it said in a notice issued to customers and seen by Reuters. The CPC 1232 model refers to those manufactured since tougher safety standards were voluntarily adopted in October 2011.

Feb 14, 2014

Canadian Pacific follows CN, to slap surcharge on older oil tank cars

CALGARY/TORONTO, Feb 14 (Reuters) – Canadian Pacific Railway
Ltd is slapping a surcharge on customers who transport
crude in older tank cars, following its larger rival in seeking
to deter shippers from using the model involved in a series of
fiery crashes.

CP Rail will add a $325 “general service tank car safety
surcharge” on each car of crude that is shipped in any container
other than the CPC 1232 model, effective March 14, it said in a
notice issued to customers and seen by Reuters. The CPC 1232
model refers to those manufactured since tougher safety
standards were voluntarily adopted in October 2011.

Feb 13, 2014

Chrysler not close to deal on multibillion-dollar Ontario investment

TORONTO (Reuters) – Chrysler Group LLC is nowhere close to a deal with the Canadian government on a multibillion-dollar investment to upgrade two Ontario facilities, including its minivan assembly plant in Windsor, its top executive said on Thursday.

Sergio Marchionne, the chief executive officer of Fiat Chrysler Automobiles Group, had previously said the decision hinged on economic incentives from Canada and the province of Ontario. He confirmed on Thursday that discussions were under way at both levels.

Feb 12, 2014

Canada signals may help Chrysler on Ontario plant investment

OTTAWA/TORONTO, Feb 12 (Reuters) – Finance Minister Jim
Flaherty, freshly armed with C$500 million ($455 million) to
subsidize Canada’s auto sector, signaled on Wednesday the
federal government might offer substantial cash to keep Chrysler
Group from closing an Ontario minivan plant.

Fiat SpA Chief Executive Sergio Marchionne said
last month that Chrysler could scrap an upgrade of the Windsor,
Ontario, plant and move production and jobs elsewhere if
government fails to come through with financial incentives.

Feb 12, 2014

Weak currency to hurt Air Canada’s first quarter, shares sink

Feb 12 (Reuters) – Air Canada said on Wednesday it
expected weakness in the Canadian dollar and adverse weather
conditions to weigh on results in the current quarter, news that
sent its shares sinking as much as 20 percent in morning
trading.

The country’s largest carrier, which widely missed analysts’
expectations for the fourth quarter, said the Canadian dollar
had weakened more than it forecast when crafting its budget.

    • 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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