|Bid||24.22 x 0|
|Ask||24.26 x 0|
|Day's Range||23.98 - 24.87|
|52 Week Range||21.87 - 35.82|
|Beta (5Y Monthly)||0.74|
|PE Ratio (TTM)||44.27|
|Earnings Date||Feb. 26, 2020|
|Forward Dividend & Yield||0.58 (2.33%)|
|Ex-Dividend Date||Dec. 04, 2019|
|1y Target Est||32.00|
TORONTO — Urgent action is needed to restore rail service currently being disrupted by anti-pipeline blockades, a group of business leaders said Tuesday.Dennis Darby, CEO of Canadian Manufacturers and Exporters, said at a press conference in Toronto that the federal government needs to act as some $425 million worth of goods are being held up for every day the blockade goes on."This issue is beyond serious, it's critical...manufacturers don't have much time before the impact becomes dire," he said.His comments come as a rail blockade continues east of Toronto to show solidarity with hereditary Wet'suwet'en chiefs opposed to construction of the Coastal GasLink natural gas pipeline through their traditional territories in northwestern B.C.Darby said that while businesses respect the right to protest, these actions are taking place on private property and affecting the wider economy. Layoffs could be coming within days if the situation isn't resolved as manufacturing and exports are disrupted by shortages, he said.Prime Minister Justin Trudeau said in Parliament Tuesday that this was a "critical moment" for the country and is extending his hand to the protesting First Nations to resolve the situation that "cannot afford to fail."Darby said Trudeau's comments on the matter are welcome, but there needs to more concrete action as well as relief assistance for affected businesses."The Prime Minister's comments today were encouraging, but we need real action at this point to solve the crisis."Maple Leaf Foods president Curtis Frank said the company is dependent on timely transport for its perishable products and that the company, along with many producers, need a reliable network for its exports or risk losing customers."The time to act is now. We need to restore the timely movement of goods across this country now. Our viability simply depends on it."He said the company has tried to use alternatives such as trucking but many routes are already overwhelmed, while costs are already escalating. He said the spot market for trucking between Winnipeg and Vancouver, for example, has nearly doubled since the blockades started.This report by The Canadian Press was first published Feb. 18, 2020.Companies in this story: (TSX:MFI)The Canadian Press
Maple Leaf Foods (TSX:MFI) could take a meaningful bite out of Beyond Meat's (NASDAQ:BYND) potential market in the next few years.
TSX: MFI www.mapleleaffoods.com TORONTO , Feb. 11, 2020 /CNW/ - Maple Leaf Foods Inc. will report its financial results for the fourth quarter 2019 on February 27, 2020. The financial results will be released ...
If you're interested in Maple Leaf Foods Inc. (TSE:MFI), then you might want to consider its beta (a measure of share...
Growth in two major markets should lead to big things for TSX stocks like Maple Leaf Foods Inc. (TSX:MFI) and Jamieson Wellness Inc. (TSX:JWEL).
While most CEOs consider a public political statement off limits, the CEO of Maple Leaf Foods (TSX:MFI) took to Twitter to rant about the U.S. president.
An angry series of tweets from the CEO of Maple Leaf Foods Inc. about the downing of a Ukrainian airliner in Iran are uncharacteristic and risky, but unlikely to create long-term consequences for the company, experts say. "My initial reaction was first an eyebrow raised and then a jaw dropped," said Dimitry Anastakis, a professor at The University of Toronto's Rotman School of Management, after he read Michael McCain's tweets.McCain took over the Maple Leaf Foods Twitter account Sunday evening for what he called his "personal reflections" after learning a colleague had lost his wife and child when Ukraine International Airlines flight PS752 was shot down shortly after takeoff from Tehran airport on Jan. 8, in what Iranian officials have described as an accident.All 176 on board were killed, including 57 Canadians."I am very angry, and time isn't making me less angry," he wrote.The Canadians on board are "collateral damage" from the behaviour of "a narcissist in Washington," he said, adding "we are mourning and I am livid."The company declined an interview request, saying McCain "would prefer to let the messages in his tweets speak for themselves."Anastakis said he couldn't think of a precedent for McCain's comments in Canadian corporate history, especially since they were unsolicited and delivered through the company's Twitter account rather than a personal method of communication.McCain is widely regarded as an effective communicator, and "was always seen as a kind of case study of the greatest response to a public relations disaster" after a deadly listeria outbreak in 2008, said Anastakis.He quickly appeared in a TV ad issuing a candid and abject apology for the outbreak. The company rapidly regained consumer trust under his leadership after the outbreak cost the company millions and sent its stock price plummeting. He was voted the business newsmaker of the year in an annual survey by The Canadian Press.Following the downing of flight PS752, McCain "felt the tragedy warranted his response," according to an emailed statement from Maple Leaf Foods. The company did not immediately respond to follow-up questions.McCain appears to have acted regardless of political or business risk, said Anastakis."There's always multiple levels of risk when a business leader kind of gets into a political debate, especially one that is so charged and controversial," he said.In this case, the risk could mean backlash from Canadian and (more likely) American consumers, as well as possible retaliation from the U.S. government.Maple Leaf announced in April 2019 that it is building a US$310-million plant-based protein facility in Shelbyville, Ind., with the help of government and utility incentives, to support the company's Lightlife and Field Roast brands.The company's shareholders and employees may not be pleased either, said Anastakis."Your place is not necessarily to risk the firm's status, stature, potential prosperity by making these kinds of statements on ... effectively company letterhead."Robert Carter, an industry adviser with The StratonHunter Group, doubts the company will feel much beyond a short-term blip.Consumers who are loyal to the brand are likely to focus on the product more than his comments, he said, which are unlikely to be viewed as so detrimental that they'll prompt a widespread boycott.On the opposite end, Carter thinks many Canadians are angry at the U.S. for escalating tensions with Iran and are shocked by the subsequent outcome."I think there's a lot of Canadians that will actually stand behind him and ... be proud of the fact that he took the initiative to go out and make these types of comments."That positive bump may too be short lived, noted Anastakis, as consumers can be fickle with their national pride.He recalls a few years prior when Canadians turned on Heinz ketchup after the company moved its manufacturing to the U.S. — an example of "how quickly that kind of economic nationalism around this can dissipate."While the tweets are unusual for a chief executive, they're likely to be viewed as more personal than political, said Burkard Eberlein, a professor at York University's Schulich School of Business.It doesn't include a call for action from the Canadian federal government or any indication that McCain is taking steps to lobby governments to act.It's unlikely that Ottawa will engage with the commentary, he said, or that McCain will follow up with more on this topic."I wouldn't jump to the conclusion: 'Oh, here's a CEO that has decided: I want to become a politically active CEO,'" he said."I think he is very much driven by the sense of grief, and maybe a bit of anger and resentment — seeing it as the outcome of a chain of events that could have been prevented."Maple Leaf Foods shares closed down 24 cents, or 0.96 per cent, at $24.84 on The Toronto Stock Exchange.This report by The Canadian Press was first published Jan. 13, 2020.Companies in this story: (TSX:MFI)Aleksandra Sagan, The Canadian PressNote to readers: This is a corrected story. An earlier version stated that 63 Canadians were on board the flight.
The chief executive of Maple Leaf Foods took to Twitter on Sunday to spout off against the United States government in the wake of an Iranian missile strike on a civilian flight that killed 176 people, including relatives of one of his employees.
While Maple Leaf Foods Inc. (TSE:MFI) shareholders are probably generally happy, the stock hasn't had particularly...
Terms integrate environmental targets with improved financing TORONTO , Dec. 11, 2019 /CNW/ - Maple Leaf Foods, Inc. (TSX: MFI, the "Company") has become the first company in Canada to secure ...
MISSISSAUGA, ON, Dec. 2, 2019 /CNW/ - (TSX:MFI.TO - News) Maple Leaf Foods and the Maple Leaf Centre for Action on Food Security ("the Centre") is pleased to announce the creation of nine new $15,000 scholarships in recognition of the extraordinary contribution of David Emerson, Purdy Crawford and Wallace McCain as past Chairs of the Maple Leaf Foods' Board of Directors. Three scholarships will be distributed each year for three years, beginning in the 2020/2021 academic year.
VANCOUVER , Dec. 2, 2019 /CNW/ - A&W Canada has partnered with Lightlife® ("Lightlife"), to become the first quick-serve restaurant (QSR) in Canada to offer guests a new and exciting menu option: Plant-Based Nuggets! Beginning December 2 , and while supplies last, A&W guests in Ontario and British Columbia can order the crispy, craveable Plant-Based Nuggets, which are made entirely from plant-based ingredients.