Toro Company (TTC) shares plummeted in pre-market trading after the company reported weaker-than-expected third-quarter results. Sales missed analyst estimates, driven by lower-than-expected shipments of residential and professional lawn care products. Despite a positive outlook on productivity initiatives and attractive end markets, the company revised its fiscal 2024 sales and earnings forecasts downward.
Toronto’s transit workers union (ATU Local 113) and the Toronto Transit Commission (TTC) have reached a tentative agreement, avoiding a city-wide transit shutdown. Contract negotiations focused on wages, benefits, job security, and protections against job outsourcing and service transfers. A strike would have paralyzed Toronto, Canada’s largest city, halting subways, streetcars, and buses. The last TTC strike in 2008 lasted less than two days before the provincial government intervened.
