With Canada’s Torstar reporting results for the their third quarter, their Harlequin unit “had a solid quarter and remains on course for a good year of growth,” even as the economy weakens. The company says “we remain concerned that the US economy could have a negative impact on Harlequin’s results, but to date there is no evidence of this.” In part, the weaker Canadian dollar makes US sales more valuable, though in an odd dichotomy, the company credits foreign exchange for helping to lift sales this period, yet blames FX for reduced profits. Sales for the quarter were $118 million […]
