May 11 Canadian Tire Corp Ltd reported a 26.1 percent rise in quarterly profit on Thursday, partly helped by higher margins in its financial business, which markets a range of Canadian Tire branded credit cards, insurance and warranty products.
Net profit was C$107.9 million ($79 million), or C$1.24 per share, in the first quarter ended April 1, from C$85.6 million, or 90 Canadian cents per share, a year earlier.
Total revenue rose 7.6 percent to C$2.75 billion.
($1 = 1.3696 Canadian dollars) (Reporting by Muvija M in Bengaluru; Editing by Martina D'Couto)
UPDATE 1-Brazil's top prosecutor charges President Temer with corruption
BRASILIA, June 26 Brazil's top federal prosecutor charged President Michel Temer on Monday with accepting bribes, the first of what is expected to be a series of formal graft charges against the deeply unpopular leader in the coming weeks.
UPDATE 2-U.S. slaps dumping duties on Canadian lumber, excludes some provinces
WASHINGTON, June 26 Escalating a trade dispute with Canada, the U.S. Commerce Department on Monday slapped preliminary anti-dumping duties on Canadian softwood lumber of up to 7.72 percent, but decided to exclude three Atlantic provinces from such punitive tariffs.