1 in 4 anglophone Canadians have cut the TV cord, over half use Netflix: report

1 in 4 anglophone Canadians have cut the TV cord, over half use Netflix: report
TORONTO — One in four anglophone Canadians have cut the cord and no longer pay for a traditional TV service, while just over half are Netflix users, according to a report by the Media Technology Monitor. Based on telephone surveys with 4,156 Canadians conducted by Forum Research Inc., between Sept. 27, 2017 and Dec. 8, 2017, 73 per cent said they... Read More

California judge rules that coffee requires cancer warning

California judge rules that coffee requires cancer warning
LOS ANGELES — Coffee sellers in California should have to post warnings because the brew may contain an ingredient that’s been linked to cancer, a judge has ruled. The culprit is a chemical produced in the bean roasting process that is a known carcinogen and has been at the heart of an eight-year legal struggle between a tiny non-profit group and Big... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,367.29, up 197.35 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up one cent, or 0.27 per cent, to $3.75 on 17.1 million shares. Neovasc Inc. (TSX:NVC). Medical devices. Down seven cents, or 46.67 per cent, to eight cents on 13.6 million shares. Prometic Life Sciences Inc. (TSX:PLI). Biotechnology. Down 36 cents, or 29.03... Read More

Connacher wins court approval to seek bidders for its oilsands assets

Connacher wins court approval to seek bidders for its oilsands assets
CALGARY — Oilsands producer Connacher Oil and Gas Ltd. has won court approval for a process to find a buyer or investor that could allow it to emerge from Companies’ Creditors Arrangement Act protection after nearly two years. A court ruling Wednesday approves the Calgary-based company’s agreement with its first lien lenders to launch a process that envisions a May 23 initial bid deadline... Read More

Dollarama to join e-commerce rush, with plans to sell its low-cost wares in bulk

Dollarama to join e-commerce rush, with plans to sell its low-cost wares in bulk
Dollarama Inc. plans to add bulk purchases of its low-priced offerings to the e-commerce rush later this year as it looks to capitalize on the success of its bricks-and-mortar discount stores, the company said Thursday as it reported fourth-quarter earnings were up 17 per cent. But as competitors, including Candian grocers scramble to launch online sales to compete with online shopping behometh Amazon, CEO Neil Rossy tempered expectations about the extent of... Read More

TD CEO says bank would consider cannabis sector financings once legal

TD CEO says bank would consider cannabis sector financings once legal
TORONTO — The chief executive of TD Bank says it would consider participating in cannabis sector financings after recreational marijuana becomes legal in Canada later this year. Bharat Masrani said to reporters after their annual meeting of shareholders today that the Toronto-based bank views the federal legalization of pot for adult use as an “important data point.” He says any potential... Read More

Bell Media buys stake in Pinewood Toronto Studios, plans to expand space

Bell Media buys stake in Pinewood Toronto Studios, plans to expand space
TORONTO — Bell Media has set the stage to acquire a majority stake in Pinewood Toronto Studios, which has been used to film “Star Trek Discovery” and “The Expanse.” The complex includes 11 purpose-built stages, offices, teaching facilities and a variety of support services for film and television clients. Financial terms weren’t announced by Bell Media, which owns the CTV television network,... Read More

Statistics Canada says economy pulled back 0.1 per cent in January

Statistics Canada says economy pulled back 0.1 per cent in January
OTTAWA — The Canadian economy contracted 0.1 per cent in January, hurt by unscheduled maintenance shutdowns in the oilpatch and weakness in the real estate sector following mortgage rule changes, Statistics Canada said Thursday The agency said the drop in real gross domestic product for January compared with growth of 0.2 per cent in December. Economists had expected an increase of... Read More

President Trump goes after a favourite target, Amazon

President Trump goes after a favourite target, Amazon
NEW YORK — President Donald Trump took another shot at Amazon.com Thursday, tweeting that the online retailer pays “little or no taxes” and that it uses the U.S. Post Service as a “Delivery Boy.” Trump’s frustrations with Amazon are no surprise. He has accused the company of not paying enough taxes before, and in December tweeted that the U.S. post... Read More

Retirees, out-of-province residents calling B.C. ‘speculator tax’ unfair

Retirees, out-of-province residents calling B.C. ‘speculator tax’ unfair
VANCOUVER — When Rick Smith’s son decided to move from Yukon to Victoria for college he bought him a condominium to avoid high rents, but a new provincial tax means the property may turn out to be more of a financial burden than anticipated. “Our contribution to his future is to put a roof over his head during his studies,” Smith said... Read More