. Both Loblaw and Metro topped quarterly earnings estimates this morning, and food inflation was front and centre for both companies. Before I drive in on Loblaw – which had more interesting disclosures – let's get the headline numbers out of the way. Adjusted earnings per share at Metro came in at $0.92 vs. the $0.90 estimate, same metric at Loblaw was $2.01 vs. a $1.96 estimate.
CPP CEO John Graham is warning that interest rates will likely stay high “for awhile.” Stay tuned for some of that interview here on BNN Bloomberg. Restaurant Brands International – the parent of Tim Hortons – has named Domino's Pizza veteran Patrick Doyle to the post of Executive Chair.Notable data: Housing Starts, Consumer Price Index, U.S. Retail Sales, U.S. Trade Price Indices, U.S. Industrial Production and Capacity Utilization, U.S. Business Inventories
Notable earnings: Lowes, Target, Metro, Loblaw, TJX, Cisco Systems, Bath & Body Works, NVIDIA, NFI Group