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Lululemon shares gain after boosting quarterly sales, profit forecast

Lululemon shares gain after boosting quarterly sales, profit forecast

Shares of Lululemon jumped in early trading Monday after the yogawear company increased its fourth-quarter guidance for sales and profit.Darryl Dyck/The Canadian Press Investors are happy about at least one retailer’s holiday season: Shares of Lululemon Athletica Inc. jumped in early trading Monday after the yogawear company increased its fourth-quarter guidance for sales and profit.

Business investment intentions flat as Canadian economy plateaus

The Business Development Bank of Canada's report showed mixed views of the economic backdrop.Andre Forget/QMI Agency Canada’s small business managers plan to keep their investment spending flat this year, according to a new survey that mirrors a crucial question asked by the central bank. Business Development Bank of Canada found 32 per cent of owners

OSC looking to lighten regulatory load on companies — and it wants suggestions

Maureen Jensen, chair of the Ontario Securities Commission.Peter J. Thompson/National Post files Canada’s largest capital markets watchdog kicked off a broad consultation Monday aimed at reducing costly and outdated rules and lightening the regulatory burden on companies. The aim is “to identify new actions we can take to save time and money for Ontario businesses

Lululemon’s ‘thin’ explanation of CEO’s abrupt departure ‘bordering on inadequate,’ experts say

Laurent Potdevin, former Lululemon CEO, abruptly departed with little explanation from the company.Xaume Olleros/Bloomberg files Shareholder advocates and analysts are calling on Lululemon Athletica for more disclosure surrounding the abrupt departure of its chief executive who “fell short” of the Canadian athleisure company’s conduct standards. FAIR Canada executive director Frank Allen says Lululemon’s disclosure was

Innergex’s $1.1B Alterra deal latest in a wave of Canadian utilities snapping up U.S. assets

Michel Letellier, President & CEO of Innergex.Phil Carpenter/Postmedia Innergex Renewable Energy Inc.’s purchase of a rival company on Tuesday is the latest in a raft of acquisitions by Canadian utility firms, which are eagerly looking to expand their foothold in the U.S. electricity market as domestic growth opportunities flatten out. The company closed its purchase

Navigating the third leg of REIT valuations: the view from Echelon

The Bank of CanadaTHE CANADIAN PRESS/Adrian Wyld For the relatively new two-person team of real estate investment analysts at Echelon Wealth Partners, the third leg in the valuation of the issuers they cover has arrived, a time characterized by a larger focus on interest rates. And, according to Frederic Blondeau and Stephane Boire — both

Ontario says it will punish any state that adopts ‘Buy American’

Ontario Premier Kathleen Wynne says the size of each punishment will be proportional to the size of the Buy American exclusion.Canadian Press/Sean Kilpatrick WASHINGTON — Ontario is about to introduce a bill allowing it to retaliate against any state that adopts Buy American provisions, then plans to start a national conversation with other provinces about

Canada’s dairy farmers say they’ve had enough and won’t give up any more ground in NAFTA renegotiations

Dairy farmers say they're concerned about NAFTA renegotiations given how much of the Canadian market has already been given away under the World Trade Organization, the Comprehensive Economic and Trade Agreement and TPP.Christinne Muschi/Bloomberg MONTREAL — Canada’s dairy industry says it shouldn’t bear any additional hardship in NAFTA renegotiations after having been forced to give