Stock Market News for Canadian Investors: Eli Lilly, BCE

Canada Goose’s Q3 profit edges higher as cost and headcount cuts take hold

Canada Goose Holdings Inc. reported a modest rise in third-quarter profit after a period of aggressive cost management and workforce reductions. The luxury outerwear maker posted net profit attributable to shareholders of $139.7 million, or $1.42 per diluted share, for the quarter ending Dec. 29, compared with $130.6 million, or $1.29 per diluted share, a year earlier.

The company emphasized operational changes designed to make it more agile and responsive to customer demand. Canada Goose has been focused on trimming corporate headcount and streamlining processes, cutting approximately 17% of global corporate staff last March. Management cited moves such as smaller, in-season production runs for popular items and faster product turnaround for limited capsule collections as examples of the new, leaner approach.

Despite these gains, revenue dipped slightly to $607.9 million from $609.9 million a year earlier. Greater China accounted for about one-third of sales, though that region’s revenue fell 4.7% year-over-year amid uneven traffic in parts of Asia. The company stressed its ongoing investment in the region, including retail expansion and live shopping initiatives.

Management also acknowledged macroeconomic uncertainty and potential tariff headwinds. Canada Goose noted that most production remains domestic, with roughly 70% of products made across seven facilities in Ontario, Manitoba and Quebec, and said tariffs would not alter its strategic direction.

Shareholders reacted to the lower guidance and the slight revenue decline, with the stock moving down in trading. The company now expects adjusted profit-per-share growth to range from low single-digit increases to no growth for the year, down from earlier mid-single-digit expectations.

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Bell’s CEO criticizes regulator as fibre buildout is further scaled back

BCE Inc.’s CEO sharply criticized the CRTC after announcing additional reductions to the company’s fibre network expansion and further capital expenditure cuts. The company will not meet its previous target to reach 8.3 million homes with fibre by the end of 2025, a strategic response to new wholesale fibre rules that permit incumbents to resell access in areas they do not serve directly.

CEO Mirko Bibic argued the regulator’s approach discourages investment in proprietary networks and risks undermining job creation and infrastructure development. He said BCE expects to make more capital spending reductions this year and will revisit its build plan only if the regulator’s decision is reversed.

The comments came alongside fourth-quarter results showing net earnings attributable to common shareholders of $461 million, or $0.51 per share, and operating revenue of $6.42 billion. On an adjusted basis, BCE earned $0.79 per share, ahead of analyst expectations. For 2025 the company provided guidance showing a potential revenue decline of up to 3% or a small increase of 1%, with adjusted EPS expected to fall between 8% and 13% year-over-year.

BCE also highlighted steps to monetize non-core assets, including recent sales and a broader review targeting up to $7 billion in divestitures. The company continues to face pressure on subscriber growth and churn in its wireless business and has paused dividend increases while maintaining the current payout.

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Bombardier delays outlook amid tariff uncertainty

Bombardier opted not to offer full-year guidance as uncertainty over proposed U.S. tariffs on Canadian and Mexican goods creates risk for the aviation supply chain. CEO Éric Martel said management is prepared to meet long-term objectives but must exercise caution until trade developments become clearer.

The proposed duties would affect Bombardier disproportionately because much of its supply chain is U.S.-based and American customers make up a large portion of sales. The company confirmed resilience in orders and service revenue growth but chose not to formalize a forecast until the tariff situation stabilizes. For the quarter, Bombardier reported a profit of $124 million and strong adjusted earnings per share that surpassed expectations.

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Suncor leans on Canadian refining to mitigate tariff risks

Suncor CEO Rich Kruger emphasized the company’s strong Canadian refining footprint as a buffer against potential tariff impacts. The integrated asset base and domestic refining capacity should reduce exposure compared with firms that export raw heavy crude to the U.S.

Suncor reported fourth-quarter profit of $818 million and adjusted operating earnings of $1.57 billion. Analysts said the company looks relatively well positioned to weather trade disruptions thanks to its capacity to refine a large share of production in Canada.

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Thomson Reuters raises dividend after solid quarter

Thomson Reuters increased its quarterly dividend by 10% after reporting fourth-quarter profit of $587 million. Revenue rose to $1.91 billion and adjusted earnings beat expectations. The company announced a new quarterly dividend of $0.595 per share, up from $0.54.

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Diabetes and obesity drugs drive Eli Lilly’s strong results

Eli Lilly posted a dramatic revenue increase driven by demand for diabetes and obesity treatments. Quarterly profit rose to $4.41 billion and revenue jumped to $13.53 billion, propelled by strong sales of Mounjaro and the obesity drug Zepbound, as well as growth in cancer therapy Verzenio.

The company provided a generally upbeat 2025 outlook, with adjusted earnings and revenue guidance that signaled continued growth, underpinned by expanding global demand for GLP-1 class medications and ongoing manufacturing scale-up.

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Lightspeed opts to remain public after strategic review

Lightspeed concluded a strategic review that generated significant interest from potential buyers but ultimately decided to remain a publicly traded company. Management said continuing as a public firm provides the best path to maximize shareholder value and execute the company’s transformation plan.

The company reported an improved quarter with narrower losses and higher revenue. Leadership also announced a buyback program of up to $400 million and outlined prior cost-cutting measures, including workforce reductions and operational efficiencies.

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