Here are five things you need to know this morning.
Watch BNN Bloomberg live.Empire Company, with sales inching up 0.3 per cent to $7.78 billion, slightly below expectations, but net earnings came in at 73 cents a share. That’s better than last year when the figure was 71 cents a share and better than the 67 cents that analysts were expecting. Same store sales grew by 1.8 per cent. That’s down from two per cent last year but better than the 1.2 per cent growth that analysts were expecting.The trade war of words between Canada and the U.S.
Ontario Premier Doug Ford threatening yesterday to cut off electricity exports to New York, Michigan and Wisconsin if Donald Trump follows through on his pledge to slap 25 per cent tariffs on Canadian imports. Leaving aside the feasibility of the idea, it’s hard to imagine who would even come out ahead under such a scenario. But it shows just how unprecedented the normally steady and cordial relations between the two countries have gotten in the past few weeks.
. The cosmetics and skincare retailer says in court filings that an agreement it signed earlier this month will see it sell its assets to Serruya Private Equity Inc. The firm is named after Michael Serruya, who also owns stakes in retail food chains like St Louis Bar and Grill, Second Cup Coffee, Swensen’s and Yogurty’s. A price tag for the assets has not been disclosed but Serruya is assuming all the liabilities too, including up to $12.5 million owed to various creditors.
, helped by a settlement in a dispute with aircraft engine maker Pratt & Whitney. Transat received more than $33 million to make up for the cost of the grounded planes. Transat’s results were also boosted by higher bookings and lower fuel costs.
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