Toronto | Reuters — Restaurant Brands International Inc., formed out of Burger King’s takeover of coffee and doughnut chain Tim Hortons last year, saw robust quarterly sales growth at both brands, but posted a net loss due to one-time costs related to the merger. Shares of the company, which had jumped more than 40 per […] Read more
Burger King, Tim Hortons owner posts loss on deal costs
In surprise move, Target to pull out of Canada
Toronto | Reuters — Target Corp. will abandon its ill-fated expansion into Canada less than two years after launch, the U.S. discount retailer said on Thursday, in a surprise retreat that will put more than 17,000 employees out of work and cost it billions. Shares of Target, which was granted creditor protection for its money-losing […] Read more
CN CEO sees grain backlog extending into 2015
Toronto | Reuters — A record-shattering Canadian harvest, combined with one of the most frigid winters in decades, has created a grain-handling backlog that will not be cleared until next year, the head of Canadian National Railway (CN) said Wednesday. “It will take more than the summer, continue into fall, into next year,” Claude Mongeau, […] Read more
Cyber-Savvy Farmer
