US Treasury takes 'one of its most significant sanctions actions to date' on anniversary of Russia's war against Ukraine – CNN + MORE Feb 24th

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.

Groceries and electricity profits shine for investors—not so much for consumers

Canadian blue-chip companies reported a wide range of earnings results this week. 

Blue chip stocks in Canada
Loblaw (L/TSX): Earnings per share of $1.76 (versus $1.71 predicted), and revenues of $14.01 billion (versus $13.75 billion predicted).Emera (EMA/TSX): Earnings per share of $0.93 (versus $0.69 predicted), and revenues of $2.36 billion (versus $1.57 billion predicted).TransAlta (TA/TSX): Earnings per share of -$1.59 (versus $0.42 predicted), and revenues of $854 million (versus $558 million predicted).Teck Resources (TECK.B/TSX): Earnings per share of $0.79 (versus $0.96 predicted), and revenues of $2.31 billion (versus $2.54 billion predicted).

While grocer earnings calls don’t usually make to leading news headlines, Loblaws was squarely in the media’s crosshairs this week, as a result of inflation on grocery bills…

US Treasury takes ‘one of its most significant sanctions actions to date’ on anniversary of Russia’s war against Ukraine  CNNUS announces sweeping new Russia sanctions 1 year into war  Toronto StarZelenskiy Sends Ukrainian Lawmakers Sweeping Sanctions On Russian Financial Institutions  Radio Free Europe / Radio LibertyU.S. Delivers More Russia Sanctions 1 Year Into War—Here’s What You Need To Know  ForbesG-7 Sanctions Will Target Key Industries Aiding Russia’s War  BloombergView Full Coverage on Google News