Highlights / restructuring

Economy, International, Politics

Giant home renovation chain closing dozens of stores-again

Lowe’s announced closure of 31 stores in Canada in 2018,  34 more closings announced this week In 2016, the giant American home hardware and renovation chain Lowe’s, announced a takeover of the Quebec-based Rona/Reno-Depot chain. In 2007 Lowe’s had already »

Economy

Embattled Canadian engineering giant announces major restructuring

In an effort to rebuild a healthy financial foundation, Canadian engineering and construction giant SNC-Lavalin said Monday it will stop bidding on new fixed-price turnkey projects and will reorganize its money-losing resources and infrastructure segments. The Montreal-based company said it »