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The best GIC rates in Canada for 2026 May 19th
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Federal government offers $867M to help lumber sector weather softwood tariffs
– canadianbusiness.com
Natural Resources Minister Jim Carr is announcing $867 million in financial supports to help lumber producers and employees weather the impact of punishing new U.S. tariffs on Canadian softwood exports.
The package announced today includes loans and loan guarantees to help cushion the blow for forestry companies and to help them exploring new markets and innovations.
The help includes $260 million to help diversify the market base for Canadian lumber products, allow the indigenous forestry sector to explore new initiatives and extend work-sharing agreement limits to minimize layoffs.
“Our government recognizes the importance of finding new markets for our forest products,” Carr said Thursday in Ottawa, flanked by Foreign Affairs Minister Chrystia Freeland and International Trade Minister Francois-Philippe Champagne.
“By diversifying into a variety of markets, we will be less vulnerable to actions from any one market and today we stand with softwood companies, their employees and their communities to support good jobs to create new opportunities and ensure sustainable prosperity for generations to come…
The package announced today includes loans and loan guarantees to help cushion the blow for forestry companies and to help them exploring new markets and innovations.
The help includes $260 million to help diversify the market base for Canadian lumber products, allow the indigenous forestry sector to explore new initiatives and extend work-sharing agreement limits to minimize layoffs.
“Our government recognizes the importance of finding new markets for our forest products,” Carr said Thursday in Ottawa, flanked by Foreign Affairs Minister Chrystia Freeland and International Trade Minister Francois-Philippe Champagne.
“By diversifying into a variety of markets, we will be less vulnerable to actions from any one market and today we stand with softwood companies, their employees and their communities to support good jobs to create new opportunities and ensure sustainable prosperity for generations to come…
Saputo shares drop after financial results fall short of expectations
– canadianbusiness.com
Shares in Saputo Inc. (TSX:SAP) fell in trading Thursday after the company reported weaker-than-expected results for its latest quarter.
The dairy processor says it earned $165.2 million or 42 cents per diluted share for the quarter ended March 31 compared with a profit of $141.2 million or 36 cents per share a year ago.
Revenue for what was Saputo’s fourth quarter totalled nearly $2.72 billion compared with just over $2.73 billion in the same quarter a year earlier.
Analysts had expected on average the company to earn 48 cents per share on revenue of $2.92 billion, according to Thomson Reuters.
For the full year, Saputo earned $731.1 million or $1.84 per diluted share on $11.16 billion in revenue. That compared with a profit of $601.4 million or $1.51 per diluted share on $10.99 billion in revenue in the previous year.
Saputo shares were down $3.60 or about eight per cent at $41.50 in trading on the Toronto Stock Exchange on Thursday afternoon.
The post Saputo shares drop after financial results fall short of expectations appeared first on Canadian Business – Your Source For Business News.
The dairy processor says it earned $165.2 million or 42 cents per diluted share for the quarter ended March 31 compared with a profit of $141.2 million or 36 cents per share a year ago.
Revenue for what was Saputo’s fourth quarter totalled nearly $2.72 billion compared with just over $2.73 billion in the same quarter a year earlier.
Analysts had expected on average the company to earn 48 cents per share on revenue of $2.92 billion, according to Thomson Reuters.
For the full year, Saputo earned $731.1 million or $1.84 per diluted share on $11.16 billion in revenue. That compared with a profit of $601.4 million or $1.51 per diluted share on $10.99 billion in revenue in the previous year.
Saputo shares were down $3.60 or about eight per cent at $41.50 in trading on the Toronto Stock Exchange on Thursday afternoon.
The post Saputo shares drop after financial results fall short of expectations appeared first on Canadian Business – Your Source For Business News.
Why Big Six bank stocks have barely moved after an impressive earnings season
– theglobeandmail.com
Strong results demonstrate that core operations are still humming – so why the curious response from investors?
