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Wal-Mart Stores Inc., the world’s largest retailer, lowered its annual sales forecast following the strong dollar pulled on the value of overseas revenue. The company now expects net sales growth to be flat this year, in contrast to a previous forecast for growth up to 4 percent, based on a statement Thursday. The outlook signal that Wal-Mart still faces hurdles ...

VANCOUVER – Canada’s largest Caterpillar heavy equipment dealer says it’ll cut 400 to 500 jobs from the global operations this year, on top of 1,900 which were announced this past year in 2 separate rounds of downsizing. Vancouver-based Finning International Inc. – that also operates in South usa and also the Uk – says about 200 of the latest cuts ...

Dream Office Investment Trust, Canada’s biggest office REIT, jumped probably the most in additional than seven years after it said it would sell about $1.2 billion of property and lower its payout to weather the power downturn. Dream Office rallied as much as 14 percent to $18.60 in Toronto, the most since December 2008. The REIT is down 51 percent ...

In the seven plus years since the Supreme Court ruled on the planned going private transaction at BCE, the roles of directors have grown to be more complicated. While a legal court relieved directors of the duty to maximise shareholder value in the context of change-of-control transaction, the directors are actually required to consider the interests of stakeholders. A live ...

OTTAWA – Canada is emerging ahead of the pack as an increasing quantity of economic bodies around the world are contacting governments to ramp up public spending amid stubbornly weak global economic growth. OECD sharply downgrades Canadian growth, calls for urgent action on world economy The Organization for Economic Co-operation and Development said in a report Thursday more public investment ...

McDonald’s Corp. franchisees remained pessimistic about the company’s turnaround efforts during the much-hyped rollout of all-day breakfast, based on an interior survey. Only about 14 percent of McDonald’s domestic franchisees think the chain’s comeback plan is working, according to is a result of market research of owner-operators obtained by Bloomberg News. And just 35 per cent of franchisees are positive ...

Calgary-based Chevron Canada Resources has confirmed that it is again reducing staff as part of a company-wide cost-cutting initiative however it refused to provide details within an email response to a Calgary Herald inquiry. “In light of the present market environment, Chevron is constantly on the take action to lessen internal costs across the enterprise,” said spokesman Leif Sollid. “Chevron ...

Enbridge Inc. announced better-than-expected results for your fourth quarter, but analysts fretted over project deferrals, after the company said a couple of its pipeline projects faced rising costs and delays of at least 2 yrs. The Calgary-based pipeline operator posted net gain of $378 million within the fourth quarter on record volumes, amid a depressed oil price environment. “Despite probably ...