GFM Network News



A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)

CN strike to weigh on railway’s 2019 profit

Reuters — Canadian National Railway on Tuesday cut its adjusted profit growth target for 2019, citing shipment delays from the country’s largest rail strike in a decade that ended last week. Shares in CN, which counts billionaire Bill Gates’ investment firm as its biggest shareholder, fell almost two per cent in morning trading in both […] Read more



(Dave Bedard photo)

Walmart to boost fresh food handle in Canada

The Canadian arm of U.S. retail giant Walmart has earmarked about $340 million to build 29 new retail and grocery supercentres and to expand its distribution networks for fresh food and online shopping. The company on Wednesday announced it will spend about $230 million in fiscal 2015 (ending Jan. 31, 2016) on supercentre projects, including […] Read more


Canadians had eagerly anticipated Target’s arrival in Canada, built up through events such as this one-day pop-up store in Toronto, benefiting the United Way, in February 2012. (CNW Group/Target photo)

In surprise move, Target to pull out of Canada

Toronto | Reuters — Target Corp. will abandon its ill-fated expansion into Canada less than two years after launch, the U.S. discount retailer said on Thursday, in a surprise retreat that will put more than 17,000 employees out of work and cost it billions. Shares of Target, which was granted creditor protection for its money-losing […] Read more