TSX declines over 100 points as sectors-led losses weigh markets
Canadian stocks fall with the S and P/TSX composite down 108.33 points to 22,265.05 on Tuesday as declines in industrial, utility and financial shares pull the benchmark lower. In New York, the Dow drops 216.73 while the S P 500 and Nasdaq rise on tech gains led by Nvidia. Analysts cite a mixed U.S. data run and expectations for Fed rate moves, with Canada awaiting inflation trends and possible early cuts. Scotiabank reports weaker quarterly earnings while oil, natural gas, gold and copper futures rise. The Canadian dollar trades around 73.32 U S cents, crude at 79 83 per barrel, natural gas at 2 59 per 1 000 cubic feet, gold at 2 356 50 an ounce and copper at 4 86 a pound.
MENTIONED IN THIS ARTICLE
Toronto
Canada
U.S
New York
Fed
Headland
Bank of Canada
Scotiabank
Judge backs Red Lobster Canadian proceedings in parallel with US bankruptcy
Ontario judge Michael Penny ordered recognition of Red Lobster's U.S. Chapter 11 proceedings in Canada and granted a stay to prevent creditor action. The move gives the chain breathing room as it weighs options including selling Canadian assets. Red Lobster Canada, with 27 Ontario Alberta Manitoba Saskatchewan locations and 2,000 employees, says it remains cash flow positive but faces liquidity and lease cost pressures from the broader corporate distress.
MENTIONED IN THIS ARTICLE
Toronto
Ontario
Red Lobster
U.S
Canada
Michael Penny
Linc Rogers
Red Lobster Canada, Inc
Penny
Red Lobster Canada
Red Lobster Management LLC
RL Group
Jonathan Tibus
Alberta
Manitoba
Saskatchewan
Brantford
Queensway
Stuart Brotman
FTI Consulting
Tibus
Paul Kenny
Thai Union
Mexico
Ecuador
Japan
Thailand
General Mills
Golden Gate Capital
Thai Union Group
Schaumburg
Gildan faces $65M loss in proxy battle and return
Montreal based Gildan Activewear Inc endured a roughly 65 million dollar hit from a heated proxy fight that ended with co founder Glenn Chamandy returning to the board. Activist investors Browning West pushed for Chamandy and a new slate while former CEO Vince Tyra and executives walked away amid severance and legal costs.
MENTIONED IN THIS ARTICLE
Gildan
Montreal
Gildan Activewear Inc
Disney
Glenn Chamandy
Amandy
Chamandy
Browning West LP
Fruit of the Loom
Vince Tyra
Jarislowsky Fraser
Browning West
Tyra
Arun Bajaj
Also Mentioned on This Page
TSX
Nvidia
Wall Street
Kevin Headland
Manulife Investment Management
U.S. Federal Reserve
THE
Associated Press
Christopher Reynolds
Canadian Press
Kaitlan Collins
CKPR
MasterChef (N
FOX
KSTP
ABC
the Conners
Tan
Chicago
P.D. Upton
Arantinn
CNBC
Business TV
Erin Burnett Anderson Cooper
CNN
CPAC
Primetim
L'Essen
Esther Michael Bégin
Serapio
Travis Dhanraj
the National
Newsworld
Vegas
Folsom
CICA
Steve Paikin
FBI
NCIS
Kristen
Ada
Gordon Ramsay
Food Stars
Chicago Filmare
E.D
NBC
Orgvenliui
LOGIE
Willie Nelson
Wcco
KMSP
Shark Tank Conners
Ceoie
Abby
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!