manufacturers-products

Loblaw reports $13.58B in Q1 revenue, as Reddit group’s boycott kicks off

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Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer. The company’s quarterly profit was $459 million, marking a 9.8 per cent increase. Earnings per share were $1.72 … Read more

Makers of COVID-19 protective equipment seek over $5 billion in damages from Ottawa

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Canadian manufacturers of masks and other equipment for protecting against COVID-19 are seeking more than $5 billion in damages from the federal government, saying Ottawa misled them about buying and helping to sell their products. In a statement of claim filed in Federal Court, the companies and their industry association allege the government made “negligent … Read more