Canadian rail lockout leaves billions in U.S. trade stranded

Canadian rail lockout leaves billions in U.S. trade stranded

Locked out railway workers demonstrate outside of the CN Rail Brampton yard on August 22, 2024 in Brampton ON, Canada.  Ian Willms | Getty Images Canada’s Labor Minister Steven MacKinnon announced at a press conference on Thursday that he had directed the Canada Industrial Relations Board (CIRB) to review his request for binding arbitration and … Read more

U.S. consumer giants have one big sales problem: China

U.S. consumer giants have one big sales problem: China

Pictured here is a McDonald’s store in Yichang, Hubei province, China, on July 30, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — A theme emerging in the latest slew of U.S. companies’ earnings reports is a drag from the China market. The Chinese economy — home to more than four times the population of … Read more

Canada Goose (GOOS) Q4 earnings report 2024

Canada Goose (GOOS) Q4 earnings report 2024

Chris So | Toronto Star | Getty Images Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was expecting year-over-year sales growth for fiscal year 2025. Here’s how the company did: Earnings per share: 5 Canadian cents, which may not compare with estimates … Read more

Canada Goose to cut 17% of its corporate workforce

Canada Goose to cut 17% of its corporate workforce

Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Canada Goose said Tuesday it will cut about 17% of its corporate workforce, following a string of other retailers that have laid off employees this year as consumers continue to pull back on discretionary … Read more