B.C. tech advocate to help boost federal funding for innovative projects

B.C. tech advocate to help boost federal funding for innovative projects
VICTORIA — British Columbia has appointed its first innovation commissioner to advocate for the province’s technology sector in Ottawa, Washington state and abroad. Alan Winter will take on the newly created role for one year, with an option to extend his job based on performance. Premier John Horgan says Winter’s role would create opportunities for tech companies and shepherd innovation across all industries and regions... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,334.81, down 271.22 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 75 cents, or 8.82 per cent, to $9.25 on 53.8 million shares. The Edmonton-based licensed marijuana producer has signed a deal to buy a minority stake in Liquor Stores N.A. Ltd., which plans to launch a brand of marijuana retail... Read More

Lululemon CEO leaves post after failing to meet company standards

Lululemon CEO leaves post after failing to meet company standards
VANCOUVER — Lululemon Athletica says its CEO has left the company after failing to meet its standards of conduct. The company says in a statement that it “expects all employees to exemplify the highest levels of integrity and respect for one another and (Laurent Potdevin) fell short of these standards of conduct.” He is also no longer on the athleisure retailer’s board of... Read More

HBC names CVS Health executive Helena Foulkes as its new chief executive

HBC names CVS Health executive Helena Foulkes as its new chief executive
TORONTO — Hudson’s Bay Co. has named CVS Health executive Helena Foulkes as its new chief executive. The retailer says the appointment is effective Feb. 19. Foulkes has been executive vice-president of CVS Health and president of CVS Pharmacy. She will be responsible for HBC’s global strategy and operations for all of its banners. Foulkes will also be appointed to... Read More

36 per cent of Canadians surveyed lied about financial matter to partner:poll

36 per cent of Canadians surveyed lied about financial matter to partner:poll
TORONTO — As Valentine’s Day approaches, a new survey suggests some Canadians planning to take their relationships to the next level may want to have a frank conversation about infidelity — financial infidelity, that is. The online poll found 36 per cent of Canadians surveyed have lied about a financial matter to a romantic partner, and the same number of participants had... Read More

Fairfax Financial Holdings acquires some Carillion Canada assets

Fairfax Financial Holdings acquires some Carillion Canada assets
TORONTO — Fairfax Financial Holdings Ltd. has signed a deal to buy part of Carillion Canada, which filed for court protection from creditors last month. Financial terms of the deal were not immediately available. Under the transaction, Fairfax said Monday it will acquire Carillion Canada’s facilities management business that provides services to airports, commercial and retail properties, defence facilities, health care... Read More

A raucous Google-Uber fight is finally heading to trial

A raucous Google-Uber fight is finally heading to trial
SAN FRANCISCO — A Google-bred pioneer in self-driving cars and Uber’s beleaguered ride-hailing service are colliding in a courtroom showdown revolving around allegations of deceit, betrayal, espionage and a high-tech heist that tore apart one-time allies. The trial opening Monday in San Francisco federal court comes nearly a year after Google spin-off Waymo sued Uber, accusing it of ripping off... Read More

New mortgage rules sending borrowers down the credit ladder to alt. lenders

New mortgage rules sending borrowers down the credit ladder to alt. lenders
TORONTO — Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada’s banking regulator imposed a new stress test for home buyers who don’t need mortgage insurance. As a result, alternative lenders are seeing an uptick in business as brokers increasingly direct home buyers toward borrowing options... Read More

SpaceX’s hot new monster rocket ready for first test flight

SpaceX’s hot new monster rocket ready for first test flight
CAPE CANAVERAL, Fla. — SpaceX’s hot new monster rocket makes its launch debut this week, blasting off from the same pad that hoisted men to the moon a half-century ago. The Falcon Heavy won’t surpass NASA’s Saturn V moon rocket, still all-time king of the launch circuit. It won’t even approach the liftoff might of NASA’s space shuttles. But when... Read More