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By The Canadian Press Thu., May 10, 2018 CALGARY — Canadian Pacific Railway Ltd. is raising its quarterly dividend by 15.5 per cent. The railway says it will now make a regular payment to shareholders of 65 cents per share, up from 56.25 cents per share. Based on the company’s closing share price of $238.76 on Wednesday it will have an annual yield of about 1.09 per cent. Canadian Pacific also said that it bought back about 4.4 million of its shares at a weighted average price of $214.31 in May. By buying back its stock, a company spreads its profits over fewer shares. Article Continued Below That increases its return on equity and earnings per share, two key ratios used to determine a company’s financial health and investment rating. TOP STORIES, DELIVERED TO YOUR INBOX. NEW NEWSLETTER HEADLINES SIGN UP … [Read more...] about Canadian Pacific Railway raising quarterly dividend by 15.5%
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Motoinsight to Enhance ALG Insights with Timely Canadian Automotive Data
TORONTO--(BUSINESS WIRE)--May 10, 2018--ALG Inc. and Motoinsight today announced an agreement that will see existing ALG residual value products in Canada leverage Motoinsight’s market leading Canadian incentive data. This data will be used to further enhance ALGs existing suite of forecast and automotive insights solutions.ALG Inc. is the industry benchmark for determining the future resale value of a vehicle. Motoinsight is the Canadian market leader for automotive data, technology and digital retailing solutions.“ALG is a market leader in their field and we are truly excited to work with them,” said Radek Garbowski, President of Motoinsight. “Together we can provide a unique solution to OEMs, financial institutions and ultimately, consumers. Ensuring a high-degree of accuracy in the underlying data as well as residual value projections is imperative in today’s rapidly evolving landscape.”Motoinsight’s market data combined with the strength … [Read more...] about Motoinsight to Enhance ALG Insights with Timely Canadian Automotive Data
Canadian Tire signs deal to buy sportswear brand Helly Hansen for $985 million
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By The Canadian Press Thu., May 10, 2018 Canadian Tire Corp. Ltd. has signed a deal to buy Helly Hansen, a maker of sportswear and workwear based in Norway, for $985 million. Under the deal for the company controlled by the Ontario Teachers’ Pension Plan, Canadian Tire also assume $50 million in debt. The retailer said outdoor and workwear are core products in its stores and it has had a long history with Helly Hansen as one of its largest customers. “For more than 10 years, Helly Hansen has been an exceptional fit with CTC and this acquisition will strengthen our assortment across all of our banners,” Canadian Tire chief executive Stephen Wetmore said in a statement. “With our capabilities and Helly Hansen’s trusted global brand and management team, we see tremendous opportunity for CTC and Helly Hansen, in Canada and internationally.” Article Continued Below Helly Hansen CEO Paul Stoneham and the management team, based in … [Read more...] about Canadian Tire signs deal to buy sportswear brand Helly Hansen for $985 million
A Canadian zoo took a bear through a drive-thru Dairy Queen for ice cream — and the owner is now facing charges
Alison Millington, provided by Published 3:38 am, Thursday, May 10, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-5', placement: 'Interstitial Gallery Thumbnails 5', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-10', placement: 'Interstitial Gallery Thumbnails 10', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-15', placement: 'Interstitial Gallery Thumbnails 15', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-20', placement: 'Interstitial Gallery … [Read more...] about A Canadian zoo took a bear through a drive-thru Dairy Queen for ice cream — and the owner is now facing charges
Canadian newsprint tariffs start to take a toll on U.S. newspaper industry
Little noticed amid the trade war discussion, tariffs levied by the Trump administration on the Canadian paper used to make newsprint are starting to take a toll on U.S. newspapers and printers.In the last few months, the Commerce Department has put in place two sets of duties on producers and exporters of uncoated groundwood paper from Canada. The first, in January, ranged from 4.42 percent to 9.93 percent of the wholesale price after a preliminary determination that suppliers had received financial assistance from the Canadian government.Then in March, a separate preliminary finding by the Commerce Department resulted in anti-dumping duties of 22.16 percent for some Canadian paper producers and exporters.Together, the two sets of duties have raised the price of newsprint by about 30 percent. Final results for both investigations are expected in August.Some U.S. newspapers and third-party printers say they've already seen the effect of the tariffs in industries that are already facing … [Read more...] about Canadian newsprint tariffs start to take a toll on U.S. newspaper industry