The Montreal-based supermarket giant, Metro Inc., posted a 21 % surge in its first-quarter earnings, on Tuesday. The adjusted earnings in the last quarter, excluding one-time costs for store rebranding and tax gains, were $88.7 million or 82 cents a share.
Metro's results were ahead of many other market forecasts. Its share-price, which has almost doubled in the past five years, rose by 1.6% to $39.77.
Heather Foley Melvin, the head of Conserve Nova Scotia, does not know yet, if she will apply for a job with the agency called 'Efficiency Nova Scotia', which will be replacing Conserve Nova Scotia.
Her contract with the province will continue till June 25, 2011.
Melvin was the President of the Progressive Conservative Party of Nova Scotia, from 2000 to 2002 and the Premier's Chief of Staff from February to June 2006.
Discount retailer Target Corp has said that it had plans to expand outside the United States, but it could take years to launch possible stores in Canada as it would focus on renovating its existing stores rather than opening new ones.
Target said that it would be too early to decide whether it should actually move into Canada.
The company is also looking for expansion opportunities in Mexico and Latin America; however, it could take three to five years to make a solid decision.
Soaring gasoline prices have triggered Canada's annual inflation rate, which hit a 10-month high in December.
However, the news is unlikely to push the Bank of Canada off track in its promise to hold interest rates steady for some time.
The consumer price index witnessed a decrease of 0.3 percent in December from November, Statistics Canada said on Wednesday.
A 72-year-old retired nurse is super-donor after donating 400 in the past 50 years. Sylvia Quilty has worked as a nurse for 25 years but she has managed to save several lives.
The Burnaby resident first donated blood at a tender age of 18 and is is B. C.'s top female blood donor. Quilty on Saturday made her 389th donation at the Canadian Blood Services clinic on Oak Street.
A popular chain of five Calgary restaurants and its owner have been fined a total of $61,780 for over 30 Public Health Act violations dating back to 1997, claiming that soap, water and a little elbow grease may have prevented the owner to face such consequences.
The restaurant chain had breached the health laws over a period of 12 years which included the presence of mouse droppings in food, storing food on floors and in customer areas, keeping eggs at room temperature and inadequate cleaning.
A recent review of a research suggests that a woman's mind and body are not as much in sync with each other compared to a man when it comes to sexual arousal.
The review which was published in the journal Archives of Sexual Behavior reports that men who say that they are turned on also sport an erection whereas women had no such link between the mind and the body.
As confirmed by official figures released, the economy of Canada managed to grow by 0.2% for the month of October, but the growth has been less than the expectations pegged by economists. The growth has mainly been attributed to gains in real estate services and utilities, which overshadowed the decline in mining output.
As has been confirmed by reports, a joint venture of Carillion has been awarded a whopping 157 Million Pounds contract to oversee the designing, building, financing and maintenance of Phase 1b of Toronto's Centre for Addiction and Mental Health.
"We are delighted to have achieved financial close on this major project, which further reinforces our leading position in the PPP market in Canada, particularly in the health sector, where we have established a very strong track record", said Chief Executive John McDonough.
Hammerson and Canada Pension Plan Investment Board announced Monday that the duo have acquired the Silverburn shopping center near Glasgow for GBP297 million.
The two companies said that they entered into a 50-50 joint venture that purchased the Retail Property Holdings from the Elementary Property Company Ltd.
Hammerson, the Anglo-French property investor, will shoulder the responsibility of joint venture's asset manager.
WirelessWave, the Canadian mobile phone retailer, has slashed the price of the Palm Pre to $0.00, making the smartphone accessible for free.
However, you will have to sign up for a three-year agreement with Bell Mobility to get a hold on free Palm Pre.
The Palm Pre, which is equipped with touchscreen and a full QWERTY keyboard, costs $99.95 if bought directly from Bell Mobility.
Originally, Palm Pre was made available with a price tag of $199.99 with a three-year contract.
Canadian wholesale sales surged 0.3 per cent to settle at $41.1 billion in October as compared with the last month. However, the figure was below the projected 0.5 per cent increase.
This was the fourth increase in the past five months. In terms of volume, the wholesale sales were up by 0.4 per cent.
Strong sales reported by the automotive, machinery and electronic equipment sectors helped offset weak sales of food, beverages and tobacco products.
Auto giant General Motors said Friday that it had started repaying the loans it received from the US and the Canadian government at the peak of economic crisis last year.
GM made the first payment on Friday, returning $1 billion to the US Treasury and $192 million to the Canada.
Speaking on the issue, GM's chief executive Ed Whitacre said, "We look forward to continuing repayments through June 2010, at which time the balances will be paid in full, assuming no downturn in the economy or business."
The Financial Services Authority has slapped Toronto Dominion Bank with a fine of 7 million pounds for repeatedly failing to control how its traders price financial products.
Commenting on the issue, FSA enforcement director Margaret Cole said, "Toronto Dominion clearly failed to apply proper controls in the area despite its previous sanction and repeat offenders need to know that they will face severe consequences."
This is the second time when the Canadian bank Toronto Dominion has been fined for systems & controls failings.
A recent Canadian research, published in the journal Nature, has asserted that sensation on the surface of the human skin plays a vital role in how people "hear" and interpret speech. As per the study, there are some inaudible puffs of air "delivered alongside certain sounds", and these play an important part in influencing what people think they are listening to.
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