The Daily Chase: Cineplex sees profit boost; Canadian Tire miss Q3 expectations

U.S. equity market futures are surging in the wake of slowing inflation numbers south of the border.

CINEPLEX SWINGS TO PROFIT

By all accounts, I'd call it a blowout from Canada's largest theatre operator. Profit of $0.43 per share, revenue up 36 per cent from a year ago, hitting some 70 per cent of what it was in 2019 before the world shut down. The company says it's still being hampered by limited output from Hollywood – another pandemic impact, clearly – but has managed through as moviegoers get back to the big screen. Of note – Cineplex said it is continuing to work through its battle with Cineworld over the botched takeover deal, which was abandoned during the pandemic.

WHEREAS A MISS AT CANADIAN TIRE