Analysts say there are a few aggravating factors that are making this year's bump especially painful. CANADIAN PRESS/Ryan Remiorz.
Sears Canada Inc. will continue to weigh selling more of its valuable real estate, including prime store leases, to help bolster its sagging operating results although it has no current plans to vacate more of its outlets.
Gerry McCaughey plans to retire as CEO of Canadian Imperial Bank of Commerce in April 2016. McCaughey's retirement plan was announced shortly before the beginning of CIBC's annual meeting, which is being held this year in Montreal.
A 132-year-old Toronto institution is closing its last retail stores. OfficeMax Grand & Toy announced Thursday all of its remaining 19 retail stores will shut down.
Sherritt International Corp. (TSX:S) said Thursday that proxy advisory firm Glass, Lewis & Co. has recommended clients support the company's director nominees and resolutions in its fight with a dissident shareholder group.