- Shopify
- Cenovus Energy
- Canadian Tire
- MDA Space
featuredRegistered GIC rateEarn a guaranteed 2.75% in your RRSP when you lock in for 1 year.go to site
Best RRSP ratesSee our ranking of the best RRSP accounts and rates available in Canada.read now
MoneySense is an award-winning personal finance magazine that has been helping Canadians manage money since 1999. Our editorial team of trained journalists works with leading finance experts across Canada to compare products from major institutions, including banks, credit unions and card issuers. We evaluate options to help readers find the best financial products for their needs. Learn more about our advertising and trusted partners.
Shopify reports Q1 loss, revenue up 27% from year ago
Shopify Inc. (TSE:SHOP)
- Revenue: $2.36 billion
- Net loss: $682 million
Shopify reported a first-quarter net loss of $682 million for the quarter ended March 31, compared with a loss of US$273 million in the same period last year. The company, which reports in U.S. dollars, recorded a loss of $0.53 per diluted share, versus $0.21 per diluted share a year earlier.
Excluding the effects of its equity investments, Shopify says net income for the quarter was $226 million, up from $144 million a year ago. Total revenue rose to $2.36 billion from $1.86 billion a year earlier — an increase of roughly 27% year over year.
Broken down by segment, subscription solutions revenue reached $620 million, up from $511 million, while merchant solutions revenue grew to $1.74 billion from $1.35 billion. These gains were driven by continued adoption of Shopify’s platform and expansion of services for merchants.
For the second quarter, Shopify expects revenue growth in the mid-20s percentage range year over year. The company also forecasts operating expenses to run between 39% and 40% of revenue in the period.
Return to menu.
Cenovus Energy reports $859M Q1 profit, raises quarterly dividend
Cenovus Energy Inc. (TSX:CVE)
- Revenue: $13.30 billion
- Quarterly dividend: $0.20 per share
Cenovus Energy reported first-quarter profit of $859 million, down from $1.18 billion a year earlier. The company has increased its quarterly dividend to $0.20 per share from $0.18.
Profit for the quarter equated to $0.47 per diluted share, compared with $0.62 per diluted share a year earlier. Adjusted funds flow was $2.21 billion, or $1.21 per diluted share, nearly unchanged from $2.24 billion, or $1.19 per diluted share, in the prior-year quarter.
Revenue rose slightly to $13.30 billion from $13.06 billion a year ago. Production and throughput also increased: upstream production averaged 818,900 barrels of oil equivalent per day (boe/d), up from 800,900 boe/d, and downstream crude throughput grew to 665,400 barrels per day from 655,200.
Return to menu.
Canadian Tire: Shoppers more resilient in face of tariffs than CEO expected, plus WestJet partnership
Canadian Tire Corp. Ltd. (TSX:CTC)
- Revenue: $3.46 billion
Canadian Tire says customers are showing greater resilience to tariffs and rising costs than the company’s CEO expected earlier this year. Greg Hicks told analysts that shoppers across the company’s banners — Canadian Tire, SportChek, Party City, Mark’s and Pro Hockey Life — have continued to spend, even in regions affected by tariffs and auto-sector pressures.
Despite low consumer confidence readings, Hicks said the company is seeing healthy spending across income groups. Essentials spending rose by 8%, and discretionary purchases increased by 1% — the first rise in discretionary spending for three years.
Hicks had warned earlier in the year that potential tariffs threatened by the U.S. administration could undermine signs of a retail recovery. Since then, tariffs on aluminum, steel and some auto-related products have indeed been imposed, but Canadian Tire says only a portion of its sourcing is directly affected. Roughly 15% of the company’s procurement is tied to the U.S., and management describes only a manageable slice of that as currently impacted.
To manage the risk, Canadian Tire created a dedicated tariff task force that seeks alternative sources, negotiates with suppliers, and works to protect margins so price increases are not passed to customers unnecessarily. The company says it has visibility into potential impacts and contingency plans for the remainder of the year.
On the results side, Canadian Tire reported first-quarter net income from continuing operations of $27.3 million, or $0.49 per diluted share, down from $59.9 million, or $1.08 per diluted share, a year earlier. Net income from discontinued operations was $9.9 million, or $0.18 per diluted share, compared with $16.9 million, or $0.30 per diluted share, in the prior-year quarter.
On a normalized basis, earnings from continuing operations were $2.00 per diluted share, up from $1.08 a year ago. Revenue for the quarter rose to $3.46 billion from $3.33 billion a year earlier.
Separately, Canadian Tire announced a loyalty partnership with WestJet. Starting early next year, Triangle Rewards and WestJet Rewards members will be able to link accounts and earn combined rewards, allowing shoppers and travellers to earn benefits across both programs.
Return to menu.
MDA Space reports first-quarter profit and revenue up from year ago
MDA Space Ltd. (TSX:MDA)
- Revenue: $351 million
MDA Space reported improved profitability and revenue in the first quarter compared with the year-ago period. The space technology firm earned $32.9 million, or $0.26 per diluted share, up from $13.8 million, or $0.11 per diluted share, a year earlier.
On an adjusted basis, MDA recorded $0.29 per diluted share in the quarter, compared with an adjusted $0.15 per diluted share in the prior-year quarter. Quarterly revenue rose to $351 million from $209.1 million, driven primarily by growth in its satellite systems business.
The satellite systems division brought in $222.0 million, up from $87 million a year earlier. Robotics and space operations generated $77.3 million in revenue (versus $70.6 million), and geointelligence contributed $51.7 million, essentially flat with $51.5 million a year earlier. MDA’s backlog stood at $4.8 billion at quarter end.
Return to menu.
Tools
MoneySense’s ETF Screener Tool
Read more about investing:
- Best ETFs in Canada
- Canadian companies facing supply-chain challenges in wake of U.S. tariffs
- Buying your first stocks in Canada