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Making sense of the markets this week: February 26, 2023
– moneysense.ca
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 – CNN
– news.google.ca
