The most important stories from the week impacting your portfolio.

Forestry profits fall. Vancouver-based forestry company Canfor Corp. should have yelled “timber” ahead of announcing its Q1 loss of $142 million compared to a year earlier. The company said pricing pressures in the Canadian lumber market led to a profit lag despite solid earnings from its European arm. 

Canadian Tire takes over BBB leases. One company’s bankruptcy is another’s opportunity for expansion, and Canadian Tire is taking advantage of Bed Bath & Beyond’s retail spaces in Canada. It will take over the lease of ten retail spaces across the country for $1.6 million and use the storefronts for its Mark’s and Pro Life Hockey brands. 

Loblaw earnings drive up dividends. The grocery retailer saw an increase in revenue for Q1 and reported $418 million in profits, leading it to raise its dividend to 44.6 cents a share, a 10% increase. Food retail sales were up 3%, and drug retail sales ticked up 7%