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RioCan confident in ability to navigate inflation as it posts $78.5M net income in Q2

RioCan confident in ability to navigate inflation as it posts $78.5M net income in Q2

TORONTO — RioCan Real Estate Investment Trust executives say the business can weather economic headwinds even after reporting its second-quarter net income was almost halved since last year.
Fairfax Financial proposes taking Recipe Unlimited private at $1.2 billion value

Fairfax Financial proposes taking Recipe Unlimited private at $1.2 billion value

VAUGHAN, Ont. — Fairfax Financial Holdings Ltd. has proposed taking Recipe Unlimited Corp. private in the latest phase for the almost 140-year-old restaurant company. The deal announced by Recipe Unlimited Tuesday puts a $1.
Hootsuite to lay off 30 per cent of staff, begin global restructuring

Hootsuite to lay off 30 per cent of staff, begin global restructuring

Hootsuite Inc. said Tuesday it will lay off 30 per cent of its staff as part of a global restructuring.
WSP Global to buy U.K. environmental firm as rapid-fire acquisitions continue

WSP Global to buy U.K. environmental firm as rapid-fire acquisitions continue

MONTREAL — WSP Global Inc. is extending its buying streak, as the Montreal-based engineering giant announced its sixth acquisition in 10 weeks.
BRP reports cyberattack, no details released on impacts

BRP reports cyberattack, no details released on impacts

VALCOURT, Que. — BRP Inc. says it was targeted in a cyberattack that has forced it to temporarily suspend operations.
Southwest attendant suffers broken back in hard landing

Southwest attendant suffers broken back in hard landing

DALLAS (AP) — A Southwest Airlines flight attendant suffered a compression fracture to a vertebra in her upper back during a hard landing last month in California, according to federal safety investigators.
MTY Food Group to acquire casual dining franchisor and operator BBQ Holdings Inc.

MTY Food Group to acquire casual dining franchisor and operator BBQ Holdings Inc.

MONTREAL — MTY Food Group Inc. has entered into a definitive merger agreement with BBQ Holdings Inc.
Bausch Health reports US$145 million loss in the second quarter, lowers guidance

Bausch Health reports US$145 million loss in the second quarter, lowers guidance

LAVAL, Que. — Bausch Health Companies Inc. reported a loss of US$145 million in its latest quarter compared with a loss of US$595 million a year earlier. The company, which keeps its books in U.S.
Pet Valu posts second-quarter net income of $25.3 million, boosts full-year outlook

Pet Valu posts second-quarter net income of $25.3 million, boosts full-year outlook

MARKHAM, Ont. — Pet Valu Holdings Ltd. reported second-quarter net income of $25.3 million, down from $44.3 million a year ago, and raised its full-year outlook. The pet supplies retailer says revenue totalled $227.7 million, up from $182.
Hydro One reports second quarter profit of $255 million, revenue up

Hydro One reports second quarter profit of $255 million, revenue up

TORONTO — Hydro One Ltd. reported a second-quarter profit attributable to common shareholders of $255 million, up from $238 million a year earlier.