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Loblaw Enters Automatic Share Purchase Plan Of 16.06 Mln Shares
(RTTNews) - Loblaw Companies Ltd. (L.TO) announced Friday that it has entered into an automatic share purchase plan with a broker in order to facilitate repurchases of Loblaw's common shares under its previously announced normal course issuer bid.
Loblaw previously announced that it had received approval from the Toronto Stock Exchange to, during the 12-month period commencing May 5, 2023 and terminating May 4, 2024, purchase up to 16.06 million Common Shares, representing approximately 5% of is issued and outstanding as of April 21, 2023.
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DoorDash Partners Loblaw To Provide Grocery Delivery Service To Customers In Canada
DoorDash, Inc. (DASH) and Loblaw Cos. Ltd. (L.TO) announced Wednesday a collaboration that will bring a new and innovative grocery delivery service to customers in Canada.
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Canadian Dollar Rises As Inflation Climbs
The Canadian dollar advanced against its most major counterparts in the New York session on Tuesday, after a data showed that inflation accelerated in April.
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Swiss Market Ends Modestly Higher
The Switzerland market suffered a mild setback in early trades on Tuesday, but recovered soon and then stayed firm right till the end of the session to finish with a modest gain. Investors tracked corporate news and the developments on the geopolitical front.
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European Stocks Recover After Weak Start, Close Broadly Higher
European stocks closed broadly higher on Tuesday amid easing tariff worries, and expectations that Russia and Ukraine would soon begin ceasefire negotiations. The UK-EU trade agreement on Monday contributed as well to the positive mood in European markets.
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TSX Extends Gains To 10th Straight Session, Hits New Record High
Canadian shares are up in positive territory Tuesday morning, extending gains to a tenth straight session, amid easing concerns about tariffs, and some brisk buying in gold stocks on safe-haven appeal following Moody's downgrading U.S. credit rating, citing debt concerns.
Investors are also digesting a report showing a drop in Canada's annual inflation rate.
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Honda Cuts EV Sales, Investment Targets As It Shifts Focus
Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile electrification due to the recent market slowdown. Meanwhile, Honda expects a minimal increase in investment related to Hybrid Electric Vehicle or HEV business.
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Bay Street Likely To Open On Cautious Note; Inflation Data In Focus
The Canadian market is likely to see a cautious start Tuesday morning with investors reacting to the nation's consumer price inflation data.
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U.S. Dollar Slides Amid U.S. Tariff Uncertainty
The U.S. dollar weakened against other major currencies in the European session on Tuesday, due to fiscal and economic concerns amid uncertainties about U.S. tariffs.
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