Lobster season kicks off amid worries right whales could close some zones

Lobster season kicks off amid worries right whales could close some zones
HALIFAX — The spring lobster season began in the Gulf of St. Lawrence Monday, amid worries the arrival of endangered right whales could interrupt the lucrative fishery. The lobster season extends from “setting day” until July 1, and is among the largest fisheries in the region. Carl Allen of the Maritime Fishermen’s Union said if whales swim into designated areas, new federal rules could close... Read More

Real estate association calls for moratorium on homegrown recreational cannabis

Real estate association calls for moratorium on homegrown recreational cannabis
TORONTO — Canada’s real estate industry organization is calling for a moratorium on growing recreational marijuana at home until the government sets out nationwide regulations for the practice. Ottawa’s proposed marijuana legalization regulations allow Canadians to grow up to four marijuana plants at their residences. Medical users are already allowed to grow at home after a federal court ruled in 2016 that the government cannot ban patients from... Read More

Walmart to sell UK unit as it focuses on other markets

Walmart to sell UK unit as it focuses on other markets
LONDON — Walmart is selling its British unit, Asda, to local rival Sainsbury’s for 7.3 billion pounds ($10.1 billion), a deal that lets the world’s largest retailer focus on online sales in countries where it has stronger growth prospects and faces less-intense competition. The cash and stock deal will reshape Britain’s supermarket industry. It combines the No. 2 and No.... Read More

On tax deadline day, hotels urge government to force Airbnb to pay up

On tax deadline day, hotels urge government to force Airbnb to pay up
OTTAWA — Canada’s hotels are demanding the Liberals force digital competitors like Airbnb to collect and remit sales taxes. The Hotel Association of Canada estimates the federal government is losing out on some $100 million in tax revenues from Airbnb alone, not including other online rental services. The group has been lobbying the federal government for more than a year... Read More

Air Canada says its new loyalty program will help to increase share price further

Air Canada says its new loyalty program will help to increase share price further
MONTREAL — Air Canada’s move to launch its own loyalty program in 2020 will help to attract more foreign investors who will bolster its stock price, CEO Calin Rovinescu said Monday. Air Canada said it is negotiating with potential credit card partners and expects to announce a decision by year-end. The airline served notice last year that it does not plan to renew... Read More

No relief in sight as gasoline price hits four-year high over $1.33 per litre

No relief in sight as gasoline price hits four-year high over $1.33 per litre
CALGARY — Canadians celebrating the onset of summer driving season have been dismayed by another spring phenomenon — rising gasoline prices across the country. According to GasBuddy.com, the average price of regular gasoline in Canada at noon on Monday was about $1.33 per litre, up 22 cents from the average of $1.11 per litre at the same time last year. The record high... Read More

Amazon to expand Vancouver tech hub, build office tower on old post office site

Amazon to expand Vancouver tech hub, build office tower on old post office site
VANCOUVER — Online retail giant Amazon has announced it will expand its Vancouver tech hub and create 3,000 new high-tech jobs. Amazon’s general manager of web services Jesse Dougherty says the new positions will be focused on e-commerce technology, cloud computing and machine learning, and they’ll be working in new office tower the company is building on the site of the city’s old post office. Dougherty says... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Air Canada earnings Air Canada discusses first-quarter results on Monday. The Montreal-based carrier recently took advantage of labour uncertainty at rival WestJet with a suggestion that it is ready to pick up the slack in the event that WestJet’s pilots walk off the job.... Read More

TSX to reopen Monday after ‘hardware failure’ causes outage Friday

TSX to reopen Monday after ‘hardware failure’ causes outage Friday
TORONTO — Canada’s main stock index will be open for business on Monday, after an unusual outage prompted the S&P/TSX to shut down early on Friday. An “internal technical issue” prompted the TMX group to shut down its exchanges in Toronto and Montreal at 3 p.m. Friday, with the last data reading showing the S&P/TSX up 31.34 points at 15,668.93.... Read More