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CBC
18 minutes ago
- CBC
Why restaurants in Quebec can now charge for reservation no-shows
Quebec restaurants are now allowed to charge up to $10 for each no-show. This applies to reservations of two or more people and restaurants will have to clearly inform customers that no-show charges may apply when making a booking.
Globe and Mail
20 minutes ago
- Globe and Mail
Market Analysis: July 17th, 2025
Global Markets Canadian Markets In Canada, the TSX advanced as oil prices climbed, helping lift energy shares. Investors also looked ahead to potential trade updates and digested a wave of corporate news that added to the day's cautious optimism. Oxford Economics projects that Canada's increased defense spending will slightly boost economic growth by 0.1 percentage points in 2025 and 2026, raising annual growth to 0.9% this year and 0.4% next year. However, the firm warns this modest lift won't be enough to prevent the ongoing economic downturn, which began last quarter and is expected to continue through the end of 2025. The downturn, driven by a trade war and escalating U.S. tariffs, could result in the loss of up to 140,000 jobs, as the negative effects spread beyond the initially impacted industries. American Markets U.S. stocks rallied, supported by robust earnings from Taiwan Semiconductor Manufacturing Company (TSMC), which boosted sentiment in the broader chipmaking sector. Investors were also reassured by signs that the U.S. economy remains resilient despite ongoing tariff tensions, as retail sales rebounded sharply in June, rising 0.6%, well above the 0.1% forecast and a strong recovery from May's 0.9% decline. Adding to the upbeat tone, the U.S. Department of Labor reported that initial jobless claims fell to 221,000 for the week ending July 12—the fifth consecutive weekly decline—and the lowest reading in three months. This points to a strengthening labor market, further supporting expectations of a soft landing for the economy. European Markets In Europe, stocks snapped a four-session losing streak, led higher by strong earnings from Swiss engineering giant ABB and renewed optimism about a potential U.S. trade deal. However, concerns remain, as a top German central banker warned that extended U.S. tariffs could erase all economic growth for Germany through the rest of 2025 and into 2026. Meanwhile, UK stocks also rose despite a batch of weaker labor data. Annual wage growth (excluding bonuses) slowed to 5%—its lowest since Q2 2022—while payroll employment dropped by 41,000 in June, following a 25,000 decline in May. Although concerning, the softer employment and wage data helped offset a strong inflation reading from the day prior, reigniting hopes that the Bank of England may still move forward with an interest rate cut at its upcoming meeting. UK unemployment has now reached a four-year high, adding to pressure on policymakers to support the economy. Corporate News Alphabet Inc: OpenAI added Google Cloud to its list of infrastructure providers to meet soaring AI compute needs, signaling growing competition in the AI space and a strategic diversification away from Microsoft. Alimentation Couche-Tard Inc: The company withdrew its $46 billion bid to acquire Japan's Seven & i Holdings, citing a lack of sincere or constructive engagement and accusing the Japanese retailer of deliberate delays. Inc: A federal judge dismissed a class-action lawsuit against Amazon's decision to introduce ads on Prime Video unless users pay a $2.99 opt-out fee, ruling the company did not breach its subscriber agreement. Bank of America Corp: Piper Sandler raised its price target on Bank of America to $49 from $46, citing strong Q2 earnings and revised guidance. Coca-Cola Co: Donald Trump announced that Coca-Cola has agreed to use cane sugar in its U.S. beverages, replacing high-fructose corn syrup, following his talks with the company. Dollar General Corp: CFO Kelly Dilts will step down effective August 28 after just over two years in the role. The company has begun searching for her successor. Elevance Health Inc: The health insurer lowered its annual profit forecast to about $30 per share from a prior range of $34.15 to $34.85, as high medical costs in government plans persist. Quarterly medical loss ratio rose to 88.9%, missing estimates slightly. Goldman Sachs Group Inc: Jefferies increased its price target to $815 from $801, pointing to steady revenue performance, capital markets strength, and growth in asset and wealth management. Kinder Morgan Inc: Q2 profit jumped 24% on higher natural gas volumes and increased demand for its pipeline infrastructure. Daily gas transport hit 44,585 BBtu, up from 43,123 BBtu a year earlier. Meta Platforms Inc: Marc Andreessen will testify in court to defend his role during a $5 billion privacy settlement in 2019. The non-jury trial is ongoing in Delaware's Court of Chancery. Microsoft Corp: TD Cowen raised its price target to $580 from $540, citing strong revenue potential from Azure and sustained momentum in the public cloud sector. MP Materials Corp: The rare earth miner plans to sell $500 million in stock after signing a supply deal with Apple. Proceeds will fund growth and general corporate purposes. Novartis AG: Raised its full-year earnings guidance, citing strong Q2 sales, which rose 12% to $14 billion, and a 20% increase in adjusted operating income. The company also announced a $10 billion share buyback. PepsiCo Inc: Raised its outlook for annual core profit decline, helped by improved demand in energy drinks and healthier sodas. Q2 revenue rose 1% to $22.73 billion, beating expectations. Sarepta Therapeutics Inc: Will cut 500 jobs and add a safety warning to its gene therapy Elevidys after two patient deaths from liver failure, causing physician hesitation and regulatory scrutiny. Starwood Property Trust Inc: Announced a $2.2 billion acquisition of Fundamental Income Properties, which includes 467 properties across 44 states, funded through a mix of cash, debt, and equity. Taiwan Semiconductor Manufacturing Co Ltd (TSMC): Reported record net profit of T$398.3 billion (up 60.7% YoY) and lifted revenue guidance to 30% annual growth in USD terms, but warned of potential impacts from future U.S. tariffs. United Airlines Holdings Inc: Boosted its full-year profit outlook to $9–$11 per share, up from prior estimates, citing increased travel and business bookings amid declining global uncertainty. Walmart Inc: Announced a restructuring of store-support and training roles, including eliminating the market coordinator position, to streamline operations and focus on higher-volume locations.
National Post
20 minutes ago
- National Post
CLEAResult Canada Named the Official Energy Efficiency Consulting Partner of the Toronto Blue Jays
Article content Article content A national leader in energy efficiency joins forces with a national icon to champion sustainability at Rogers Centre and beyond Article content TORONTO — Today CLEAResult Canada, the nation's leading provider of energy efficiency and sustainability solutions, is proud to announce a new partnership with 'Canada's Team,' the Toronto Blue Jays. This exciting partnership is part of CLEAResult's ongoing mission to create a more sustainable future while deepening its connection to the communities it serves. Article content The collaboration marks a significant milestone for CLEAResult Canada as it expands its visibility through one of the country's most iconic sports teams. Fans attending games at Rogers Centre will see CLEAResult Canada's name prominently featured, including in-stadium signage in left field and behind home plate throughout the 2025 season and beyond. Article content 'Partnering with the Blue Jays allows us to bring energy efficiency to life in a bold and engaging way,' said Ryan Shaw, CLEAResult Canada President. 'It's about showing up for the communities we serve and inspiring action where it matters most.' Article content The announcement supports the company's strategy to engage people through shared values and trusted community institutions — demonstrating CLEAResult's commitment to advancing energy transition goals across North America. Article content 'The Blue Jays are proud to partner with CLEAResult Canada,' said Mark Ditmars, Toronto Blue Jays Vice President, Partnerships. 'We look forward to working together over the coming seasons and exploring impactful energy solutions.' Article content As the season progresses, CLEAResult Canada will roll out additional engagement opportunities tied to the partnership — offering clients, employees and fans new ways to interact with the brand and support energy efficiency at home and in their communities. Article content Founded in 1988 as Willis Energy Services, CLEAResult Canada has delivered energy efficiency solutions across the nation for 37 years. Headquartered in Toronto, we serve clients in nine provinces and three territories including work in 35 remote Indigenous communities, helping businesses, governments, utilities and residents save energy and reduce emissions. We employ 350+ full-time staff, and partner with 260 small businesses and 1,000 subcontractors nationwide. CLEAResult Canada is a licensed Canadian company and subsidiary of U.S.-based CLEAResult Consulting, majority owned by Kohlberg & Company. Learn more at Article content Article content Article content Article content Contacts Article content Media contacts Article content Article content media@ Article content Article content Article content
