HEADLINES
WestJet Flight Attendants Issue 72-Hour Strike Notice
Thousands of WestJet flight attendants could walk off the job this weekend, threatening to disrupt the busy travel season for Canadians.
Cabin crew represented by the Canadian Union of Public Employees issued a 72-hour strike notice, the union said. The airline said that in response it is issuing a lockout notice.
Negotiations continue between WestJet and CUPE 8125, which represents 4,400 flight attendants, but the union said the sides remain far apart on some key issues.
WestJet, Canada's largest airline after flag carrier Air Canada, said the notices from each side don't immediately impact its operations and that it continues to work to reach a deal that would provide improvements for cabin crew and is sustainable for the company.
Bombardier Backlog Swells on New Jet Orders, Defense Demand
Bombardier is seeing a surging appetite for its flagship Global 8000 business jet and expanding pipeline of military defense contracts.
Strong demand for the Canadian jet maker's latest ultra-fast, high-flying Global 8000, and growing defense contracts have increased customers' wait times. Bombardier added $4.3 billion in backlog growth since the end of 2025, which now sits at $21.8 billion.
"Demand for new aircraft is strong across our portfolio, supported by exceptional customer interest in our large cabin aircraft, particularly the Global 8000," Chief Executive Eric Martel said on an earnings call Thursday. The jet, which made its official entry into service in December, is the world's fastest purpose-built business jet which can reach top speeds of Mach 0.95 with a range of 8,000 nautical miles.
Canada Goose's Results Get Boost From Expanded Summer, Spring Lines
Canada Goose quarterly earnings show it's shedding its winter-only image, leaning into expanding spring and summer lines to drive more stable sales year-round.
The Canadian luxury apparel brand, best known for its pricy winter parkas, has been shifting its focus to offer clothing for every season. Chief Executive Dani Reiss said non-winter lines-which include shirts, bottoms and light jackets-have expanded rapidly, and account for over a third of revenue generated in the first quarter.
"Apparel, rainwear and windwear accounted for nearly 40% of our first-quarter revenue," Reiss said on an investor call Thursday. "To put that in perspective, these categories generated as much revenue this quarter as our entire company did in the first quarter eight years ago. This is a remarkable illustration of how Canada Goose has evolved."
Loblaw Profit, Revenue Rise as Discount Banners Drive Revenue Growth
Loblaw Cos. logged higher second-quarter profit and revenue as cost-conscious Canadians flocked to its discount banners, visiting stores more frequently and spending more per trip.
The Canadian grocer reported net income of C$751 million, or C$0.64 a share, up from C$714 million, or C$0.59 a share, in the comparable quarter a year ago.
Adjusted earnings were C$0.66 a share. According to FactSet, analysts were expecting C$0.65 a share.
Revenue rose to C$15.05 billion from C$14.46 billion, shy of analyst projections which expected a rise to C$15.07 billion. The company credits strength across the business, including contributions from new store openings.
Colliers Quarterly Earnings Jump With Strong Revenue Growth
Colliers International Group saw a jump in earnings for the latest quarter on the back of double-digit revenue growth across each of its three business segments.
The Canadian professional services and investment management company recorded net earnings of $28.5 million, or 56 cents a share, against $4 million, or 8 cents a share, a year earlier.
On an adjusted basis, second-quarter earnings came in at $1.83 a share, ahead of the $1.78 mean forecast of analysts polled by FactSet.
Revenue for the three months increased 17% to $1.57 billion, beating the $1.49 billion analysts were expecting.
Canadian Pacific Kansas City Profit Falls, Chair Retires
Canadian Pacific Kansas City reported lower second-quarter profit and said that its board chair Isabelle Courville was retiring.
The railroad operator reported net income of C$1.02 billion, down from C$1.23 billion, the year prior. On a per-share basis, profit fell to C$1.15 a share from C$1.33 a share.
Adjusted earnings were C$1.27 a share. Analysts polled by FactSet expected C$1.24 a share.
Bausch Health Lifts Outlook After Revenue Rises 13%
Bausch Health raised its outlook for the year after second-quarter revenue rose at the highest rate in three years.
The Canadian pharmaceutical company posted a profit of $258 million, or 68 cents a share, compared with $148 million, or 40 cents a share, in the same quarter a year ago.
Adjusted earnings were $1.26 a share, topping the 99 cents a share expected by analysts polled by FactSet.
Revenue rose about 13% to $2.85 billion, ahead of the $2.61 billion expected by analysts. Chief Executive Thomas Appio said that marks the highest revenue growth rate in the past three years.
Gildan Activewear Swings to Loss, Narrows Revenue Outlook, Raises Profit Views
Gildan Activewear narrowed its revenue outlook for the year and increased its earnings expectations following a swing to a loss in the second-quarter despite higher profit.
The Canadian apparel company updated its full-year 2026 outlook, tightening revenue expectations to the low end of its $6.0 billion to $6.2 billion range due to continuing retail market softness.
However, the company raised its profitability guidance, boosting adjusted operating margin to 21.8% from 20% previously, and adjusted diluted earnings per share to between $4.65 and $4.75 from $4.20 to $4.40.
West Fraser Timber Loss Widens as Slow Housing Market Weighs on Wood Sales
West Fraser Timber reported a wider second-quarter loss as a stagnant housing market drags down sales of its wood products.
The company posted a loss of $61 million, or 78 cents a share, compared with a loss of $24 million, or 38 cents a share, the year prior. Analysts polled by FactSet expected a loss of 70 cents a share.
Sales fell to $1.43 billion from $1.53 billion. Wall Street expected $1.45 billion.
The housing market has been stuck in a four-year rut, with low inventory and high mortgage rates putting off prospective home buyers. The war in Iran caused mortgage rates to spike this year, turning the spring housing season into a bust.
Lightspeed Commerce Loss Narrows, Revenue Tops Guidance
Lightspeed Commerce narrowed its first-quarter loss, driven by higher transaction and subscription performances that lifted revenue above its guidance.
For the three months ended June 30, the Montreal-based point-of-sale company posted a narrowed net loss of $2.4 million, or 2 cents a share, compared with a loss of $49.6 million, or 35 cents a share, in the comparable quarter a year ago.
Adjusted earnings, which exclude one-off costs and exceptional items such as share-based compensation, came to 13 cents a share. According to FactSet, analysts were expecting 12 cents a share.
TALKING POINT
Liberals Block Committee Study on Gordie Howe Bridge Deal
By Ian Bailey for the Globe and Mail
Liberal MPs stymied a Conservative effort to force detailed hearings on the deal Prime Minister Mark Carney reached with the United States on the operations of the Gordie Howe International Bridge.
Canada agreed to send the United States half of the bridge's net toll revenues for 15 years, which led to the Trump administration dropping its objections to the C$6.4 billion bridge's opening.
Conservative MPs called a meeting of the House of Commons government operations and estimates committee Wednesday to urge a study of the revenue-sharing agreement, which was released in full last week.
Its release contradicted Mr. Carney's earlier description of the deal: The Prime Minister had previously said tolls would not be split with the U.S. until after Canada's debt to build the bridge was paid back. He subsequently conceded he was not as clear as he might have been in explaining the nature of the deal.
The Conservatives have accused the Liberals of capitulating to the Americans, and failing to be transparent with Canadian taxpayers and businesses.
Under a Conservative motion discussed at the committee, three cabinet ministers would have been called to testify before parliamentarians about the bridge deal: Canada-U.S. Trade Minister Dominic LeBlanc, Infrastructure Minister Gregor Robertson and Finance Minister François-Philippe Champagne. The motion also demanded the release of all drafts of the agreement with the U.S., and an economic analysis of the bridge by the Parliamentary Budget Officer.
Conservative committee member Dan Albas said he welcomed the new bridge, and acknowledged challenges dealing with the Trump administration.
However, he said Canadian taxpayers are owed explanations for why the agreement was ratified and why Mr. Carney gave contradictory statements. He also called for financial modelling on the agreement to be released.
"I do hope that this committee will treat this issue with as much seriousness as it deserves and not simply be dismissed," said Mr. Albas.
Ultimately, the Liberal members of the committee voted to adjourn the meeting before holding a vote on the Conservatives' motion.
During the two hours of debate, Liberal MPs focused on the fact that the bridge is now open with attendant economic benefits for Canadians. "This is a tremendous good news story for Canada and the United States," said Hamilton MP John-Paul Danko.
Liberal MP Caroline Desrochers said she had not heard from the Conservatives on what they would have done differently given the situation with the bridge.
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