Ontario restaurant price hikes boost food inflation after minimum wage increase

Ontario restaurant price hikes boost food inflation after minimum wage increase
Ontario restaurants hiking menu prices after the province raised its minimum wage this year were likely responsible for pushing January food inflation to its highest annualized increase in nearly two years. Overall food prices were 2.3 per cent higher last month compared with January 2017, according to Statistics Canada. It’s the biggest jump since April 2016 when food prices increased 3.2 per cent. Restaurant... 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 (15,508.17, down 15.84 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up seven cents, or 1.82 per cent, to $3.92 on 9.3 million shares. Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down 31 cents, or 8.96 per cent, to $3.15 on 7.9 million shares. Hydro One Ltd. Instalment... Read More

Cineplex Inc. considers mobile phone concession pre-ordering as food drives growth

Cineplex Inc. considers mobile phone concession pre-ordering as food drives growth
TORONTO — Cineplex Inc. moviegoers could soon order their popcorn from their mobile phones before heading to theatres, as the company focuses on concession stand sales, restaurants and bars to continue to drive growth. “We are testing it and we are looking at it, especially in the VIP cinemas, where you can basically walk in and have everything ready to go,” president and CEO Ellis Jacob said Thursday. He talked about the... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,524.01, up 84.57 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down seven cents, or 1.79 per cent, to $3.85 on 16.1 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 24 cents, or 2.19 per cent, to $10.72 on 8.8 million shares. Element Fleet Management Corp. (TSX:EFN). Financial Services. Up 35 cents, or... Read More

Court challenge launched by B.C. Wine Institute against Alberta wine ban

Court challenge launched by B.C. Wine Institute against Alberta wine ban
KELOWNA, B.C. — The B.C. Wine institute says it is moving to protect its industry and farmers with a court challenge of Alberta’s ban on the import of its wines. Institute president and CEO Miles Prodan says his group regrets resorting to a request for an injunction, but the boycott imposed by Alberta left it no other options to protect the industry. He says the ban... Read More

Walmart partnering with online grocery service to bring home delivery to Vancouver

Walmart partnering with online grocery service to bring home delivery to Vancouver
VANCOUVER — Walmart Canada Corp. says it is partnering with an online grocery service to bring home delivery to Vancouver by the summer, as the brick-and-mortar retailer ramps up its effort in the country to compete with Amazon. The arrangement will see Walmart work with Vancouver-based Sustainable Produce Urban Delivery to bring its food delivery platform, Food-X Urban Delivery Inc., to... 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: Bread battle fallout Loblaw Co. Ltd. releases fourth-quarter and year-end results on Thursday. The grocery giant rocked the food retail industry in December when it admitted to participating in an alleged price-fixing conspiracy. Loblaw and George Weston Ltd. were granted immunity from prosecution by... Read More

December’s manufacturing sales slip from November’s record high: StatCan

December’s manufacturing sales slip from November’s record high: StatCan
OTTAWA — Canada’s manufacturing sales in December were $55.5 billion, which was down 0.3 per cent from a revised record high for November, Statistics Canada reported Friday. “The surge in November, related to a rebound in automotive shipments after the October shutdowns, was not expected to continue through the year-end,” TD economist Michael Dolega wrote Friday. Nevertheless, he said December was “still somewhat... Read More

Weston family’s Choice Properties buying Canadian REIT for $3.9 billion

Weston family’s Choice Properties buying Canadian REIT for $3.9 billion
TORONTO — The Weston family is poised to create Canada’s largest real estate investment trust through a $3.9-billion deal for its publicly traded Choice Properties REIT to buy Canadian Real Estate Investment Trust. The combination of Choice Properties, which counts Loblaw as its principal tenant and largest unitholder, and CREIT will create a company with a diversified portfolio of 752... Read More

B.C. already seeking new markets for wine in Asia and the U.S.: premier Horgan

B.C. already seeking new markets for wine in Asia and the U.S.: premier Horgan
VANCOUVER — Premier John Horgan says he plans to intensify efforts to find new markets for B.C. wine, which was already being done before Alberta’s ban over the Trans Mountain pipeline. Horgan said he promoted the industry during a recent trip to China, South Korea and Japan, and he plans to discuss increasing the province’s market share south of the border on a... Read More