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FP500: Corporate snakes and ladders


FP500: Corporate snakes and ladders
Andy Holloway
© Provided by Financial Post
FP500 research includes public firms, private companies, subsidiaries and Crown corporations, making the FP500 the most authoritative survey of Canadian business available.
Welcome to FP Magazine’s latest ranking of Canada’s largest corporations by revenue. Here are some highlights:
Chart attack
The total revenue reported by the FP500 as a group was $2.26 trillion, down from last year’s total of $2.39 trillion, for an average of $4.52 billion, compared to $4.78 billion a year ago and $4.67 billion a year ago. The average profit by the 397 corporations reporting such figures was $315.8 million, well down from $467 million reported a year ago, with 116 reporting a loss. The average value of assets at the 424 companies reporting them was $33.2 billion, compared to $29 billion last year, though both numbers are heavily skewed by the Big Five banks. The FP ....

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Apparel sales expected to soar as consumers trade sweats for jeans


by Brett Bundale, The Canadian Press
Posted May 18, 2021 5:00 am ADT
Last Updated May 18, 2021 at 5:09 am ADT
A Le Chateau clothing store is seen in a shopping mall in Joliette, Que. on Friday, October 23, 2020. After 60 years in operation, Le Chateau Inc. is seeking court protection from creditors to allow it to liquidate its assets and close its stores. THE CANADIAN PRESS/Paul Chiasson
It’s the defining attire of the pandemic: Stretchy pants, baggy sweaters and slippers. 
Yet as vaccine campaigns gain momentum and lockdowns lift, the return to in-person gatherings is expected to spur demand for a wardrobe refresh, experts say. ....

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