Take Stock – June 10

Canada’s largest snack cake manufacturer, Saputo Inc. (TSX:SAP), is preparing to introduce a new line of products, including healthier offerings and full desserts, in a bid to boost the division’s lagging sales.

Saputo developing a new line of full desserts

Canada’s largest snack cake manufacturer, Saputo Inc. (TSX:SAP), is preparing to introduce a new line of products, including healthier offerings and full desserts, in a bid to boost the division’s lagging sales. “What we need to do in order to increase the sales in this division is to come up with new products in different channels or different categories,” company CEO Lino Saputo Jr. said in an interview Tuesday after Saputo released strong quarterly results.

The producer of popular Vachon brands Jos Louis, Ah Caramel, Passion Flakie and May West has recently added Hop&Go and Igor offerings to attract the more health conscious and younger consumers. The new line to be introduced by the end of the fiscal year is currently undergoing development and consumer testing.


GM extends factory shutdowns in U.S. and Canada

General Motors Corp. has decided to extend the temporary summertime closure of seven factories including its car plant in Oshawa, Ont., because widespread temporary shutdowns will not be enough to control a burgeoning supply of some models, the company said Tuesday.

GM spokesman Chris Lee said the company will add up to four weeks to temporary shutdowns at the Detroit-Hamtramck; Lansing, Mich., Grand River; Orion Township, Mich.; Oshawa; Lordstown, Ohio; Shreveport, La.; and Spring Hill, Tenn., assembly plants. The closures might not be the end of GM’s efforts to keep inventory down because of the slumping U.S. auto market, Lee said Tuesday. The latest round of closures, announced at the factories this week, range from one added week at the Oshawa factory to four additional weeks at the Lansing Grand River plant. Most of the factories will go down for three added weeks in July

Just Posted

Man accused of manslaughter in fatal collision testifies he was cut off

A Delburne man accused of causing a fatal collision said he was… Continue reading

Class size targets hard to reach in Red Deer

Red Deer Public Schools recently updated its average class size

Lotteries look to younger customers to increase sales

Promoting online and interactive games

Red Deer man helps light up the holidays for others

Jim Elliott’s in his 15th year of mapping the city’s most magical, lit-up homes

WATCH: CP Holiday Train rolls into Lacombe

Kelly Prescott performed for hundreds of Central Albertans

Barry Cooper: Separation has become a real possibility, thanks to Ottawa’s abuses

In the past couple of weeks, a retired senior oil executive, Gwyn… Continue reading

Sex assault trial for former gymnastics coach resumes in Sarnia

SARNIA, Ont. — The trial of a former high-ranking gymnastics coach accused… Continue reading

Victims of former ski coach Charest say they were ‘sacrificed’ by Alpine Canada

MONTREAL — A lawsuit filed Wednesday against Alpine Canada by three victims… Continue reading

Emily Blunt on the ‘daunting’ task of playing Mary Poppins

BEVERLY HILLS, Calif. — Emily Blunt loves a challenge, and in the… Continue reading

Tommy Chong says Canada’s weed legalization has kept ‘underground market alive’

TORONTO — Tommy Chong has a pass, man. While some Canadians who… Continue reading

Apple deepens Austin ties, expands operations east and west

AUSTIN, Texas — Apple will build a $1 billion campus in Austin,… Continue reading

Trump comments upend U.S. approach to Huawei, trade talks

WASHINGTON — The United States and China have taken pains this week… Continue reading

Most Read