The largest landlord of insolvent Target Canada is in talks with its U.S. parent to try to collect what could be hundreds of millions of dollars of lost rent and other store costs as a result of the retailer's abrupt closing.
Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a lower-than-expected quarterly profit, hurt by the slump in crude prices.
CALGARY - Despite beating analysts' expectations, Enbridge Inc.'s second quarter earnings were hampered by delays to its Line 9 pipe reversal and a $440-million writedown on its goodwill.
The Toronto Stock Exchange closed higher on Friday as strength in the materials and financials sectors overcame another decline in oil prices.
MONTREAL - Gildan Activewear Inc. (TSX:GIL) reported lower than expected results as its second-quarter profit dropped due to price cuts it made to its clothing sold to screenprinters.