Alberta secession talk ‘unhelpful,' Atco chief executive says
CALGARY - The chief executive of Atco Ltd. says discussions around Alberta secession are already hurting the investment climate.
Nancy Southern said Asian partners in a major hydrogen project have said they won't make final investment decisions unless there is certainty around the Alberta separatism question.
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Winnipeg Free Press
a day ago
- Winnipeg Free Press
Asian shares mostly gain ahead of Friday's US jobs report
TOKYO (AP) — Asian shares were mostly higher Friday ahead of an update on the U.S. job market that will offer insights into how the economy is faring. U.S. futures edged higher and oil prices fell. Tokyo's Nikkei 225 index rose 0.5% to 37,730.67, while the Kospi in South Korea jumped 1.5% to 2,812.05. Hong Kong's Hang Seng lost 0.4% to 23,817.10 and the Shanghai Composite index edged 0.1% higher, to 3,385.91. Australia's S&P/ASX 200 was nearly unchanged at 8,536.40. India's Sensex gained 0.6%. On Thursday, the S&P 500 fell 0.5% to 5,939.30 for its first drop in four days. After sprinting through May and rallying within a couple good days' worth of gains of its all-time high, the index at the center of many 401(k) accounts has lost momentum. The Dow Jones Industrial Average dropped 0.3% to 42,319.74, and the Nasdaq composite sank 0.8% to 19,298.45. The U.S. Labor Department is due to report how many more jobs U.S. employers created than destroyed during May. The expectation on Wall Street is for a slowdown in hiring from April. A resilient job market has been one of the linchpins that's propped up the U.S. economy, and the worry is that all the uncertainty created by President Donald Trump's on-and-off tariffs could push businesses to freeze their hiring. A report on Thursday said more U.S. workers applied for unemployment benefits last week than economists expected. The number remains relatively low compared with history, but it still hit its highest level in eight months. The data came as Procter & Gamble, the giant behind such brands as Pampers diapers and Cascade dish detergent, said it will cut up to 7,000 jobs over the next two years. Its stock fell 1.9%. The day's heaviest weight on the market was Tesla, which tumbled 14.3%. It's lost nearly 30% of its value so far this year as CEO Elon Musk's relationship with Trump sours amid a disagreement over the president's signature bill of tax cuts and spending. In after-hours trading Tesla gained 2.2%. Brown-Forman, the company behind Jack Daniel's and Woodford Reserve, dropped 17.9% for its worst day since it began trading in 1972. Hopes that Trump will lower his tariffs after reaching trade deals with other countries have been among the main reasons the S&P 500 has rallied back so furiously since dropping roughly 20% from its record two months ago. It's now back within 3.3% of its all-time high. Trump boosted such hopes Thursday after saying he had 'a very good phone call' with China's leader, Xi Jinping, about trade and that 'their respective teams will be meeting shortly at a location to be determined.' It's an easing of tensions after the world's two largest economies had earlier accused each other of violating the agreement that had paused their stiff tariffs against each other, which threatened to drag the economy into a recession. Markets took the latest signs of detente with Beijing coolly, given that nothing is assured in Trump's on-and-off rollout of tariffs. Among Wall Street's winners was MongoDB, which jumped 12.8% after the database company likewise delivered a stronger profit than analysts expected. Monday Mornings The latest local business news and a lookahead to the coming week. Circle Internet Group, the U.S.-based issuer of one of the most popular cryptocurrencies, surged 168.5% in its first day of trading on the New York Stock Exchange. The yield on the 10-year Treasury held steady at 4.40%, up from 4.37% late Wednesday after tumbling from 4.46% the day before. Yields dropped so sharply on Wednesday as expectations built that the Federal Reserve will need to cut interest rates later this year to prop up an economy potentially weakened by tariffs. In other dealings early Friday, U.S. benchmark crude oil lost 21 cents to $63.16 per barrel. Brent crude, the international standard, fell 18 cents to $65.16 per barrel. The U.S. dollar rose to 143.77 Japanese yen from 143.49 yen. The euro fell to $1.1438 from $1.1448.
Cision Canada
a day ago
- Cision Canada
Sunwing Vacations and WestJet Vacations Québec launch exclusive new sun destination from Montreal for winter 2025-2026: Managua, here we come!
Barceló Montelimar to deliver sun-soaked stays for families, couples and group getaways MONTREAL, June 5, 2025 /CNW/ - Sunwing Vacations Inc. and WestJet Vacations Québec are delighted to introduce Managua, Nicaragua as an exclusive sun destination for Quebecers this coming winter. Beginning December 18, 2025, travellers can escape the cold with convenient weekly nonstop service from Montreal (YUL) to Managua (MGA), operated on board WestJet every Thursday until April 9, 2026. This exciting new route offers Quebecers a unique opportunity to explore one of Central America's most captivating gems. Whether through Sunwing Vacations or WestJet Vacations Québec, customers can enjoy the same seamless vacation experience and reliable flight schedule on board WestJet's modern fleet—known for its caring crew, warm, friendly service and commitment to comfort. "We're proud to be expanding our sun offering with the launch of Managua, Nicaragua as an exclusive destination for the 2025-2026 winter season," said Lyne Chayer, Vice. President, Sunwing Vacations Group Québec. "This new route offers Québec travellers a unique blend of adventure, relaxation and cultural discovery, paired with reliable service on board WestJet and high-quality standards at Barceló Montelimar, now available to book through our all inclusive vacation brands." Customers can book Barceló Montelimar for the winter season through Sunwing Vacations and WestJet Vacations Québec. This expansive all-inclusive resort is set on lush grounds with direct beach access. Guests can choose from 293 types of accommodations, including standard rooms or spacious private bungalows, some with up to three bedrooms—ideal for families or small groups. Rooms come equipped with a range of bathroom amenities, along with a mini-bar, safe and Wi-Fi access. The resort features a buffet restaurant near the beach, three à la carte options featuring Italian, Asian, and seafood fare, and five bars spread throughout the property. Families and couples alike will enjoy Barceló Montelimar's wide range of on-site amenities such as three pools (including a dedicated children's area), a jacuzzi, kids' club, tennis and basketball courts, mini-golf, daily entertainment, a massage centre, boutique shops and much more. A shuttle service makes getting around the resort easy, and the quiet beachfront is perfect for long walks and unforgettable sunsets. With vacation packages available through both Sunwing Vacations and WestJet Vacations Québec, travellers can enjoy a seamless experience with the vacation provider of their choice while looking forward to a seamless onboard experience. Group bookings are now open. Start planning your unforgettable Managua vacation today with Sunwing Vacations and WestJet Vacations Québec. About Sunwing Vacations As the leading vacation provider in Canada, Sunwing Vacations offers more vacation packages to the south than any other vacation provider with convenient direct service from cities across Canada to popular sun destinations across the Caribbean, Mexico and Central America. This scale enables Sunwing Vacations to offer customers exclusive deals at top-rated resorts in the most popular vacation destinations. Sunwing Vacations customers benefit from the assistance of our trusted partner in destination, NexusTours, whose representatives greet customers upon arrival and support them throughout their vacation journey. For more information, please visit SOURCE Sunwing Vacations Inc.
Toronto Sun
a day ago
- Toronto Sun
Lululemon to hike some prices as it copes with 'uncertainty' from tariffs: Execs
Published Jun 05, 2025 • 2 minute read A Lululemon store in New York. Photo by Yuki Iwamura / Bloomberg Your next purchase from Lululemon Athletica Inc. might cost you more. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The Vancouver-based apparel company revealed Thursday that it hopes to weather new and possibly incoming tariffs by passing along some of the costs to customers. 'We are planning to take strategic price increases, looking item by item across our assortment as we typically do,' chief financial officer Meghan Frank told analysts on a call held as the company's share price tumbled 23 per cent to $255.32. The price increases on products will be 'modest in nature' and only applied to a 'small' portion of Lululemon's products but reflect the lengths the business is having to go to to steel itself from U.S. President Donald Trump's trade war and the weight its placing on wallets. Lululemon is caught up in the swirling economic slowdown because one of Trump's targets has been its home nation, Canada. He's also taken aim at China — another key market for the business — and several Middle Eastern and Asian countries that are meccas for clothing manufacturers. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. While Lululemon's customers are used to paying a premium for its workout wear, the company's CEO Calvin McDonald hinted they're not immune to Trump's whims. 'The current tariff paradigm has brought uncertainty into the retail environment, as consumers try to assess the impact they will have on daily life,' he said on the same call as Frank. He insisted Lululemon is 'better positioned than most' to navigate whatever is headed its way, but conceded the business is already seeing lower traffic, particularly in the U.S. The company expects tariffs to have an even 'more pronounced' impact in the coming months, causing it to slash its annual diluted earnings per share forecasts Thursday. At the same time as it made the cuts, it revealed its first-quarter net income totalled US$314.6 million, down from US$321.4 million in the same period a year earlier. This advertisement has not loaded yet, but your article continues below. The numbers reflect the 'more cautious, discerning consumer' as well as a shift in the timing of the Lunar New Year, which impacted its overall revenue growth, Lululemon executives said. Profits at the company, which keeps its books in U.S. dollars, amounted to US$2.60 per diluted share, up from US$2.54 per diluted share a year prior. Net revenue for the period ended May 4 was about US$2.37 billion compared with US$2.21 billion a year earlier. Lululemon's comparable sales increased one per cent overall but fell by two per cent across the Americas. 'We're definitely not happy where the growth is in the U.S.,' McDonald said. However, he said he was 'pleased' that the company has been seeing some rebound from a lack of newness that disappointed consumers last year and earlier this year. Newness — how fresh a brand's products and styles appear to consumers — is one of the key ways retailers draw in customers. McDonald said after its dip in prior quarters, newness is back to historical levels. World Olympics Toronto & GTA Columnists Columnists
