Former PM Harper’s voice on NAFTA welcome in Washington, says O’Toole

Former PM Harper’s voice on NAFTA welcome in Washington, says O’Toole
OTTAWA — The Conservative foreign affairs critic says former prime minister Stephen Harper’s appearance in Washington today could help keep pressure on the Trump White House to preserve the North American Free Trade Agreement. Erin O’Toole says Harper’s is an ardent free trader whose voice will help convince congressional and business leaders to preserve and update NAFTA, rather than tear... Read More

Shopify CEO says will push back on short-seller report on next earnings call

Shopify CEO says will push back on short-seller report on next earnings call
OTTAWA — Shopify Inc.’s chief executive says he’ll push back against a short-seller’s report questioning the company’s business model during the release of their next financial results. Company CEO Tobias Lutke tweeted that he looks forward to the next earnings call, expected in early November, where he’ll address the “short-selling troll” targeting Shopify. He further tweeted that “the irony of... Read More

Livelihoods versus technology: the future of Quebec’s control over taxi industry

Livelihoods versus technology: the future of Quebec’s control over taxi industry
MONTREAL — The head of one of the companies offering financing for taxi permits in Montreal insists there is still a market for the much-devalued commodity. The price of a permit has decreased almost 40 per cent since Uber began operating in Quebec about four years ago, according to the province’s Transport Department. Michel Hebert’s company, FinTaxi, is doing what... Read More

Thomson Reuters commits US$100 million for enlarged tech hub at Duncan House

Thomson Reuters commits US$100 million for enlarged tech hub at Duncan House
TORONTO — Thomson Reuters (TSX:TRI) will spend about US$100 million to house its new technology hub at a Toronto complex that’s being built for occupation in 2021. The multinational information services company has agreed to lease all of the office space at the new Duncan House to be built at 19 Duncan Street. The multi-use complex will be able to... Read More

Boeing launches PR campaign touting economic contribution to Canada

Boeing launches PR campaign touting economic contribution to Canada
MONTREAL — U.S. aerospace giant Boeing has launched a public relations campaign amid its trade battle with Bombardier to remind Canadians of its economic contribution to the country. The Chicago-based company (NYSE:BA) said its multimedia efforts, which got underway on Tuesday, includes traditional and digital media including television, radio and other digital platforms. Boeing Canada managing director Kim Westenskow said... Read More

Fraser Institute: OSFI’s proposed mortgage stress test is unnecessary, harmful

Fraser Institute: OSFI’s proposed mortgage stress test is unnecessary, harmful
TORONTO — A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday. Study author Neil Mohindra wrote the proposed stress test “will do more harm than good” by limiting access to mortgages for some homebuyers. “The mandatory standard for stress testing could result in a less... Read More

Metro to eliminate 280 jobs in modernization of Ontario distribution network

Metro to eliminate 280 jobs in modernization of Ontario distribution network
TORONTO — Grocery store chain Metro Inc. (TSX:MRU) says it will eliminate about 280 jobs starting in 2021 as part of a $400-million overhaul of its Ontario distribution network. The company says the move to modernize and automate its network will mean the loss of about 180 full-time and 100 part-time positions. The announcement follows comments by Metro in August... Read More