Here are five things you need to know this morning
Canadian Tire tops expectations: Canadian Tire’s latest results beat expectations, with revenue rising by more than eight per cent. The results were driven by strong holiday demand and increased store traffic across its major banners. The company’s CEO Greg Hicks attributes the performance to the “resilience of Canadian consumers in a year of economic uncertainty.” The results come on the heels of the retailer partnering with Microsoft to develop a custom retail intelligence platform. This morning on BNN Bloomberg’s ‘The Street’, John O’Connell, Chairman and CEO of Davis Rea noted Canadian Tire is “selling things a lot of people need,” and benefitting from the ‘Buy Canadian’ movement. He also likes how the company is modernizing its technology and loyalty system.
Cautious outlook from Walmart: Shares of Walmart traded down in the pre‑market, after the company posted a full year profit outlook that missed estimates. Walmart says the softer forecast is due to trade uncertainty and labour market conditions. On the upside, the retail giant raised its dividend and also beat expectations in both revenue and profit in the fourth quarter, with gains in e‑commerce and online pickups helping to drive results.
Profit miss at Nutrien: Profit missed expectations for top potash producer Nutrien in the fourth quarter. The Saskatoon‑based company reported shortfalls in key areas, including potash and phosphate, but was able to beat estimates in nitrogen. The year‑long forecast came in around expectations, with nitrogen sales being the only segment to miss. Despite the weaknesses, the company has raised its dividend and approved a new share buyback program.
Teck beats estimates: Teck Resources posted fourth‑quarter profit that beat expectations. The company says a surge in copper prices and production was a key driver of the quarter’s results. Teck is currently in the process of trying to merge with Anglo American, which would create one of the world’s largest copper producers. Heading into 2026, the mining company maintained its copper output outlook, estimating production of between 455,000 and 530,000 tons.
Sales and profit down at Molson Coors: It seems people aren’t drinking as much as beer as they used to. Molson Coors logged lower profit and sales in its latest quarter as it continues to contend with softer demand for ales and lagers. “It’s no secret that our industry is facing significant headwinds,” Chief Executive Rahul Goyal said at an industry conference. Goyal said the beer industry declined in 2025. The industry has faced pressure lately as younger generations show less appetite for drinking, weight-loss drugs dent demand and consumers tighten their spending. As well, the company expects commodity inflation to be a particularly challenging obstacle this year.
