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Tim Hortons joins coffee chains dropping the double cup to save ‘hundreds of millions’ from landfills each year

Tim Hortons is ending the practice of double cupping hot drinks, a move it says will eliminate hundreds of millions of cups from landfills each year. The Restaurant Brands International chain will instead provide customers with a thick paper sleeve.

11:27 a.m. Oct. 22, 2020
Burger King parent Restaurant Brands offers $500 million of 9-year bonds

Restaurant Brands International Inc. said Tuesday it has launched an offering of $500 million of nine-year bonds. Proceeds will be combined with cash on hand to redeem part of the outstanding principal amount of the parent of Burger King's 4.25% first lien senior secured notes due 2024. Shares rose 2.3% premarket, but are down 12% in the year to date, while the S&P 500 has gained 6%.

8:53 a.m. Oct. 20, 2020
Is Netflix about to raise prices in U.S.? Recent actions suggest it could happen

“The Canadian price increase supports our view that broader price hikes are probable in the near-term,” Jefferies analyst Alex Giaimo said in an Oct. 8 note.

8:16 a.m. Oct. 20, 2020
Canada Goose to close U.S. stores on Election Day, give workers paid day off

Canada Goose Holdings Inc. said Monday that it will close all of its U.S. stores on Nov. 3, Election Day. The luxury outerwear chain will also offer paid time off to all of its workers on that day. Canada Goose is a member of Time to Vote, a non-partisan organization that aims to ensure workers have the opportunity to exercise their vote without worries about missing pay. Other members of the organization, according to the Time to Vote site, include Abercrombie & Fitch Co. , E.L.F. Beauty Inc. and Lululemon Athletica Inc. "I want to remove barriers, wherever and whenever I can, so you can be a full participant in the democratic process," said Dani Reiss, Canada Goose chief executive, in a statement from an internal memo sent to MarketWatch. Canada Goose stock has slipped nearly 3% for the year to date while the S&P 500 index is up 6.1% for the period.

4:05 p.m. Oct. 19, 2020
10/23/2020 5:40pm
Royal Bank of Canada
/zigman2/quotes/200638870/delayed
96.29
+0.02 +0.02%
10/23/2020 5:40pm
Suncor Energy Inc.
/zigman2/quotes/204570600/delayed
16.49
+0.42 +2.61%
10/23/2020 5:40pm
Barrick Gold Corp.
/zigman2/quotes/209252292/delayed
35.21
-0.12 -0.34%
10/23/2020 5:40pm
Bank of Montreal
/zigman2/quotes/203180563/delayed
84.09
+1.36 +1.64%
10/23/2020 5:40pm
Canadian Imperial Bank of Commerce
/zigman2/quotes/206423838/delayed
102.5
+1.02 +1.01%
10/23/2020 5:40pm
Bombardier Inc. Cl B SV
/zigman2/quotes/208994866/delayed
0.32
-0.0050 -1.54%

Sectors

Oil suffers a loss, dragging U.S. benchmark below $40 a barrel

Oil falls on Friday, posting a loss for the week, with increasing exports from Libya and worries about crude demand on the back of accelerating cases of COVID-19 prompting U.S. prices to finish under $40 a barrel for the first time in nearly three weeks.

3:20 p.m. Oct. 23, 2020
Gold edges up for the session, but posts back-to-back weekly declines

Gold futures finish Friday with a modest gain, but post a second weekly loss in a row, with traders looking to discussions on the U.S. coronavirus relief package, moves in the dollar and the upcoming presidential election for the metal's next big catalyst.

2:20 p.m. Oct. 23, 2020
Oil prices end higher as some signs point to demand recovery

Oil prices end higher on Thursday, as a fall in U.S. jobless claims to a new pandemic low and progress toward a fresh coronavirus aid package boost prospects for energy demand. Russia's president, meanwhile, reportedly suggested that he was open to delaying a January OPEC+ production hike, contributing further support to prices.

3:09 p.m. Oct. 22, 2020
What diesel demand and prices tell us about the economic outlook

The diesel market serves as a barometer for the state of the economy because the fuel is widely used in the transportation industry, and the signals it’s giving off in terms of supply, demand and prices don’t point to a very promising future.

2:42 p.m. Oct. 22, 2020
Gold settles lower, but holds above $1,900 on signs of fiscal stimulus bill progress

Gold settles lower Thursday, but comments from U.S. House Speaker Nancy Pelosi raised hopes for a deal on another round of coronavirus aid, prompting prices to hold ground above the key $1,900-an-ounce mark.

2:13 p.m. Oct. 22, 2020
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