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FP500: Corporate snakes and ladders

FP500: Corporate snakes and ladders
Andy Holloway
© Provided by Financial Post
FP500 research includes public firms, private companies, subsidiaries and Crown corporations, making the FP500 the most authoritative survey of Canadian business available.
Welcome to FP Magazine’s latest ranking of Canada’s largest corporations by revenue. Here are some highlights:
Chart attack
The total revenue reported by the FP500 as a group was $2.26 trillion, down from last year’s total of $2.39 trillion, for an average of $4.52 billion, compared to $4.78 billion a year ago and $4.67 billion a year ago. The average profit by the 397 corporations reporting such figures was $315.8 million, well down from $467 million reported a year ago, with 116 reporting a loss. The average value of assets at the 424 companies reporting them was $33.2 billion, compared to $29 billion last year, though both numbers are heavily skewed by the Big Five banks. The FP ....

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Canada Moves Closer To A Food Industry Code Of Practice

Today, several large associations within the foodservice industry announced the formation of the Canadian Food Industry Collaborative Alliance to build a code of practice for retail and supply. ....

United Kingdom , Dianej Brisebois , Walmart Canada Corp , Canadian Food Industry Collaborative Alliance , Loblaw Companies Ltd , Quebec Food Processing Council , Tiger Stores Ltd , Metro Inc , Empire Company Ltd , Retail Council Of Canada , Sobeys Inc , Canadian Produce Marketing Association , Canadian Federation Of Independent Grocers , Competition Bureau , Quebec Food Retailers Association , Giant Tiger Stores , Oversight Framework , Canadian Federation , Independent Grocers , Beverage Canada , Retail Council , Canadian Food Industry Code , Empire Company , Groceries Supply Code , Grocery Code , The Code Of Practice ,

'There may be some testing fatigue': Low case numbers in Nova Scotia a promising sign, but testing is down

For the second day in a row, new COVID-19 cases are down in Nova Scotia, but testing for the virus has also decreased. ....

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Amazon ups Metro Vancouver recruitment campaign to nearly 3,000 - BC News

Amazon ups Metro Vancouver recruitment campaign to nearly 3,000 - BC News
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Volkswagen giving frontline workers in Germany €1,000 bonuses amid pandemic

The Canadian Press, with files from staff
In recognition of its employees’ efforts during the ongoing coronavirus pandemic, Volkswagen and Germany’s largest industrial union have agreed on a 23-month wage deal that provides a €1,000-euro bonus (approximately $1,501.37 in Canadian dollars), as well as a 2.3 per cent wage increase that will take effect in January 2022.
The deal covers 120,000 workers at six factories in Germany and people working for Volkswagen’s financial services arm, Volkswagen said in a statement this week. The company’s negotiator, Arne Meiswinkel, said the deal with the IG Metall union, which runs to the end of November 2022, “is appropriate for the especially challenging environment since the beginning of the pandemic.” ....

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