Roots Corp. ROOT-T reported a loss of $21.7-million in its fourth quarter as it took a large non-cash impairment charge. The retailer says the loss amounted to 54 cents per share for the quarter ended Feb. 1 as it recorded a $50-million impairment charge on intangible assets. The result compared with a profit of $14.6-million
U.S. bond firm PIMCO said on Tuesday that waning business and consumer confidence under President Donald Trump’s policies is eroding the edge U.S. capital markets held over the rest of the world, strengthening the case for investors to diversify globally. Trump is set to unveil “reciprocal tariffs,” aligning U.S. duties with those of other nations
Leaders at Swiss athletic apparel company On say they take innovation to heart—whether designing their latest running shoes or executing a logistics strategy. A recent pilot project with autonomous inventory drone firm Verity and container shipping and logistics services giant A.P. Møller-Maersk is helping to bolster that claim. The project combines the best of two
A federal appeals court in Washington, D.C., on Tuesday affirmed that a work of art generated by artificial intelligence without human input cannot be copyrighted under U.S. law. The U.S. Court of Appeals for the District of Columbia Circuit agreed with the U.S. Copyright Office that an image created by Stephen Thaler’s AI system”DABUS” was
It’s widely believed that the biggest issue with U.S. consumers’ balance sheets is indebtedness, but the Federal Reserve’s latest financial accounts – and the volatile stock market – suggest that larger risks may be on the other side of the ledger. This seems counterintuitive. Household wealth has never been higher, rising some $163 billion in
If you were looking for portfolio security back in 2022, GICs were the screamingly obvious choice over bonds. Back then, guaranteed investment certificates offered yields of as much as 5 per cent for terms of one through five years at alternative banks. That same year, bonds produced an annual loss of 11.7 per cent, including
This photo taken on March 14, 2025 shows a surgical robot demonstration during the 2025 China Medical Equipment Conference & Medical Equipment Exhibition held at Chongqing International Expo Center in Southwest China”s Chongqing municipality. [Photo/Xinhua] CHONGQING — From a console in Shanghai, French surgeon Youness Ahallal guided robotic arms in Morocco with real-time precision, delicately
You can think of the stock market as 11 separate baskets, or sectors. Getting sectors weights right … [+] is a big part of success in investment performance. getty In the first two months of this year, technology stocks fell more than 4% and consumer discretionary stocks fell about 5%. They were the only two
Open this photo in gallery: IA Financial Group President and CEO Denis Ricard, who has spent his entire 40-year career with iA, has been laser-focused on expanding the company.Sammy Kogan/The Globe and Mail IA Financial IAG-T chief executive Denis Ricard is on the hunt for more acquisitions with $1.4-billion of capital at the ready, as
A weakened Canadian dollar helped propel Ontario Municipal Employees’ Retirement System to an 8.3-per-cent annual gain on its investments, as tariff threats and a buoyant American economy boosted the relative value of U.S. dollar assets. OMERS has 53 per cent of its $138-billion of assets in the U.S. and pays pensions in Canadian dollars. About