Tim Hortons Q1 profit up more than 7%

Tim Hortons 3-month TSX chart

Tim Hortons Inc. said a jump of just over 10 per cent in its revenues helped the company to a stronger bottom line in the first quarter of 2009.

SNC-Lavalin makes more on less

Three-month TSX trading in SNC

SNC-Lavalin made more money on less revenue in the first quarter, the Montreal-based engineering and construction company said Thursday.

It also said its backlog has fallen, but return on shareholder's equity has risen.

Air Canada seeks pension funding moratorium

Air Canada said Monday it is seeking support from its unions for a moratorium on funding its pension deficit "so as to establish financial certainty over the next several years."

The company said in a release that it is negotiating with the unions about a "funding solution which would allow the airline to maintain its defined benefit pension plans."

The airline said its objective is to maintain its current defined benefit plans without restructuring the pension benefit formula.

Molson Coors Q1 profit jumps 84% to $79.6M US

Molson Coors Brewing Co. reported an 84 per cent rise in first-quarter profit to $79.6 million US Tuesday, despite a 2.7 per cent decline in its worldwide beer volume.

Earnings amounted to 43 cents per share, compared with $43.3 million or 24 cents per share for the same period a year ago.

The results do not include a $3.9 million loss at the company's troubled Kaiser brewery in Brazil, which is classified as discontinued.

CEO Peter Swinburn credited strong brands, cost reductions and lower incentive compensation for the improved earnings.

WestJet profitable despite revenue slide

A WestJet plane lands in Calgary last June. The airline will not follow Air Canada with moves to cut staff or capacity in the face of high fuel costs as its fleet and seasonal capacity shifts make such measures unnecessary, an executive with the No. 2 Canadian carrier said Tuesday.(Todd Korol/Reuters)

EBay to close Vancouver customer-service office that employs 700

EBay expects to maintain current customer support levels and does not anticipate any disruption to service as a result of the closure of its Vancouver office in September.(CBC)

GM Canada gets $500M government bridge loan

General Motors of Canada is drawing $500 million out of the emergency fund promised by the federal and Ontario governments as it works to complete its restructuring plan.

The governments said Monday that the interim bridge loan can only be used for working capital while the company finalizes its plan.

GM has until June 1 to provide the two levels of government with a plan that ensures its long-term viability in order to secure billions of dollars in funding.