Etiket: revenue
Twitter has lost nearly half of its ad revenue
(New York) Elon Musk said on Saturday that Twitter, which he bought for $ 44 billion in October 2022, had lost approximately half of its advertising revenue. Posted at 7:59…
MTY Food Group boosts profits and revenue
(Montreal) MTY Food Group announced on Tuesday that its second quarter profit rose from a year ago, as acquisitions contributed to revenue growth. Posted at 7:53 a.m. The Montreal-based franchisor…
Cineplex revenue returns to pre-pandemic level
(Toronto) Cineplex says box office receipts in June were $56 million, representing 98% of box office receipts in the similar period in 2019. Posted at 8:50 p.m. President and CEO…
PCU: 600 officials of the Canada Revenue Agency under investigation
The Canada Revenue Agency (CRA) announced late Friday evening that approximately 600 of its employees are currently under investigation for allegedly receiving the Canada Emergency Response Benefit (CERB) without it.…
Third quarter | Corus posts loss and declining revenue
(Toronto) Corus Entertainment posted a loss for its most recent quarter on Thursday, after posting a profit in the same period last year, as it recorded a non-cash impairment charge…
Media Revenue Sharing | The government rejects two of the Senate amendments
(Ottawa) Senator Julie Miville-Dechêne’s attempt to frame the negotiation of revenue-sharing agreements between web giants and the news media, as in Australia, has failed. The government has announced that it…
Media Revenue Sharing | Meta stepping up the pressure
(OTTAWA) The absence of news content on Facebook is starting to be noticed by users, days before the final passage of Bill C-18 on the revenue sharing of the Internet…
The arrogance of the Canada Revenue Agency
At the meeting of the Standing Committee on Public Accounts held on January 26, Bob Hamilton, Commissioner of the Canada Revenue Agency (CRA), found it normal to say that he…
NHL teams earned US$1.28 billion in sponsorship revenue over the past year
The pandemic seems well and truly behind the NHL teams, which collectively garnered a total of US$1.28 billion (CA$1.7 billion) in sponsorships during the 2022-2023 season. This is an impressive…
First quarter | Lululemon sees revenue and profits soar
(Vancouver) Lululemon Athletica posted first-quarter net income of US$290.4 million on Thursday, up nearly 53% from US$190.0 million in the same period last year. Posted at 5:38 p.m. The Vancouver-based…
Dependence on property tax | Montreal creates a committee to find new sources of revenue
Montreal is once again trying to find solutions to free itself from its dependence on property tax. A committee of experts chaired by the former mayor of Gatineau, Maxime Pedneaud-Jobin,…
1st quarter | Cineplex cut its loss and revenue soared nearly 50%
(Toronto) Cineplex saw its first-quarter loss narrow from the same period last year, while its revenues rose nearly 50%. Posted at 11:30 a.m. The movie theater operator posted a loss…
Better-than-expected quarterly revenue for Disney
(New York) Disney posted better-than-expected first-quarter revenue but suffered from an unexpected drop in subscribers to its Disney+ streaming service, prompting a negative reaction from Wall Street. Posted at 4:59…
Canada Revenue Agency | Minister Lebouthillier satisfied with review of COVID-19 benefits
(Ottawa) The office of Revenue Minister Diane Lebouthillier welcomes the decision of a federal watchdog to scrutinize how the Canada Revenue Agency (CRA) collects overpayments of COVID-19 benefits. 19. Posted…
Hogwarts Legacy | The video game of the Harry Potter saga exceeds the billion in revenue generated
(Paris) The video game Hogwarts Legacy: Hogwarts Legacyfrom the Harry Potter universe, has sold more than 15 million units and generated more than $1 billion worldwide since its launch on…
Apple’s revenue and profits exceed expectations
(San Francisco) Between massive social plans and cutting-edge products, the tech giants rebounded during the first quarter of 2023, with revenues and profits exceeding market expectations, despite the global economic…
Canada Revenue Agency | Recovery of COVID-19 benefits assessed by ombudsman
(Ottawa) Canada’s Office of the Taxpayers’ Ombudsman (OTO) says it is closely monitoring complaints from people who say they have continued to receive collection letters from the Canada Revenue Agency…
End of strike by Canada Revenue Agency employees
The strike of some 35,000 employees of the Canada Revenue Agency (CRA) is over. A tentative agreement has been reached between the federal government and their union, the Public Service…
United States | The FTC wants to ban Meta from generating revenue with miners’ data
(San Francisco) The US consumer protection agency, the FTC, on Wednesday threatened Meta (Facebook, Instagram) with a ban on the monetization of teenage data, accusing it of not having fulfilled…
Strike at Revenue Canada: the union claims to have received a lesser offer
Offended, the Union of Taxation Employees, on strike, claims to have received a lesser offer from the Canada Revenue Agency than that which was presented to the 120,000 other members…