Alberta
Maple Leaf Foods reports $41.5M Q4 loss, raises quarterly dividend
MISSISSAUGA, Ont. — Maple Leaf Foods Inc. raised its dividend as it reported a loss of $41.5 million in its latest quarter due in part to weaker pork markets and a cyberattack.
The food processing company says it will now pay a quarterly dividend of 21 cents per share, up from 20 cents per share.
The increased payment to shareholders came as Maple Leaf says its loss for the quarter ended Dec. 31 amounted to 34 cents per share compared with a profit of $1.9 million or two cents per share in the last three months of 2021.
Sales totalled $1.19 billion, up from $1.12 billion a year earlier.
The company says its most recent quarter included a $23-million hit related to what it called a cybersecurity incident in November and $25.8 million in startup expenses related to construction projects.
On an adjusted basis, Maple Leaf says it lost 28 cents per share in its fourth quarter compared with an adjusted profit of nine cents per share a year earlier.
“2022 was clearly a year of unprecedented challenges for us on many fronts, including hyperinflation, dislocation in the pork markets, supply chain dysfunction, job vacancies and a cyberattack,” Maple Leaf Foods chief executive Michael McCain said in a statement.
“Of course, our fourth-quarter results are not where we like them to be, given these unprecedented market conditions and the impacts of the cyberattack, but the underlying health of the business in normal markets is solid and in-line with where we expected to be at this point.”
This report by The Canadian Press was first published March 9, 2023.
Companies in this story: (TSX:MFI)
The Canadian Press
From Bonnyville RCMP
On May 3, 2025, at approximately 6:55 p.m., a male suspect drove a stolen trackhoe into the parking lot of the Bonnyville RCMP. The suspect dumped several boulders in front of the prisoner bay and then proceeded to damage 5 police vehicles, which were parked in the lot. The suspect then fled on foot.
Bonnyville RCMP, Police Dog Services and RPAS (drone), searched for the suspect and he was quickly located in a tree line just north west of the detachment. He was arrested and is currently in custody pending a Judicial
Interim Release Hearing.
The suspect cannot be named at this point as the charges have not been sworn before the courts. An updated media release is expected in the coming days.
Alberta
Pierre Poilievre will run to represent Camrose, Stettler, Hanna, and Drumheller in Central Alberta by-election
From LifeSiteNews
Conservative MP-elect Damien Kurek announced Friday he would be willing to give up his seat as an MP so Pierre Poilievre, who lost his seat Monday, could attempt to re-join Parliament.
Conservative MP-elect Damien Kurek announced Friday he would be willing to give up his seat in a riding that saw the Conservatives easily defeat the Liberals by 46,020 votes in this past Monday’s election. Poilievre had lost his seat to his Liberal rival, a seat which he held for decades, which many saw as putting his role as leader of the party in jeopardy.
Kurek has represented the riding since 2019 and said about his decision, “It has been a tremendous honor to serve the good people of Battle River—Crowfoot.”
“After much discussion with my wife Danielle, I have decided to step aside for this Parliamentary session to allow our Conservative Party Leader to run here in a by-election,” he added.
Newly elected Prime Minister of Canada Mark Carney used his first post-election press conference to say his government will unleash a “new economy” that will further “deepen” the nation’s ties to the world.
He also promised that he would “trigger” a by-election at once, saying there would be “no games” trying to prohibit Poilievre to run and win a seat in a safe Conservative riding.
Poilievre, in a statement posted to X Friday, said that it was with “humility and appreciation that I have accepted Damien Kurek’s offer to resign his seat in Battle River-Crowfoot so that I can work to earn the support of citizens there to serve them in Parliament.”
“Damien’s selfless act to step aside temporarily as a Member of Parliament shows his commitment to change and restoring Canada’s promise,” he noted.
“I will work to earn the trust of the good people of Battle River-Crowfoot and I will continue to hold the Liberal minority government to account until the next federal election, when we will bring real change to all Canadians.”
Carney said a new cabinet will be sworn in on May 12.
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