Loblaws has raised its quarterly dividend as it reported its first-quarter profit rose nearly 40 percent compared with a year ago. The grocery and drugstore retailer said Wednesday it will now pay a quarterly dividend of 40.5 cents per share, up from 36.5 cents per share.
Home sales down in real time
Toronto’s home market cooled sharply in just a month, the Toronto Regional Real Estate Board has revealed. Sales have dropped by about 41 percent since last year and 27 percent in one month. The board attributed much of the decline to homebuyers who are taking a break from the market as interest rates climb and reduce their buying power.
