Marlboro maker Altria the latest big company to explore pot

Marlboro maker Altria the latest big company to explore pot
The maker of Marlboro cigarettes is joining some of the biggest names in beer in exploring the budding cannabis marketplace. Altria Group Inc., which owns Philip Morris USA, is the latest big company to show interest in marijuana. Late Monday, Canadian medical marijuana company Cronos Group Inc. confirmed talks with Altria about a possible investment. Altria, based in Richmond, Virginia,... Read More

AGT Food agrees to CEO-led go-private deal that values it at about $436 million

AGT Food agrees to CEO-led go-private deal that values it at about $436 million
REGINA — AGT Food and Ingredients Inc. has agreed to be taken private by investors including CEO Murad Al-Katib in a deal that values the company at $436 million. The Regina-based company says it has elected to proceed with the $18-per-share transaction proposed last July upon the recommendation of a special committee of independent directors and a fairness opinion from TD Securities. In... Read More

Statistics Canada says pace of Canadian economic growth slowed in third quarter

Statistics Canada says pace of Canadian economic growth slowed in third quarter
OTTAWA — The pace of economic growth in Canada slowed in the third quarter as business investment spending moved lower and the growth in household spending slowed, Statistics Canada said Friday. The Canadian economy grew at an annualized pace of 2.0 per cent in the third quarter compared with 2.9 per cent in the second quarter, matching the expectations of economists, according... Read More

US consumer spending up strong 0.6 per cent in October

US consumer spending up strong 0.6 per cent in October
WASHINGTON — Consumers boosted their spending in October at the fastest pace in seven months, while their incomes rose by the largest amount in nine months — both good signs for future economic growth. Consumer spending rose a sharp 0.6 per cent last month, the Commerce Department reported Thursday. It was the biggest increase since a similar gain in March... Read More

Labour movement is in the fight for its life, say experts

Labour movement is in the fight for its life, say experts
TORONTO — The latest battle to save thousands of auto jobs in Ontario is but one of many Canada’s largest private sector union will likely have to fight as automation, technology and globalization increasingly change the face of manufacturing, experts say. The decline of the sector — and the resulting job losses — started long before General Motors announced its plan to shutter its assembly plant in Oshawa, Ont., —... Read More

Couche-Tard ‘excited,’ but being careful around controversial Juul pods

Couche-Tard ‘excited,’ but being careful around controversial Juul pods
TORONTO — Alimentation Couche-Tard is keeping an eye on its policies around “lower risk” smoking products after controversial flavoured e-cigarette maker Juul Labs yanked mango, fruit and cucumber flavoured pods from U.S. shelves in a bid to reduce their appeal to minors. Brian Hannasch, the convenience store chain’s chief executive, said Couche-Tard is “excited” by the growth of the market for such... Read More

Snack food maker Neal Brothers strikes edible deal with Newstrike Brands

Snack food maker Neal Brothers strikes edible deal with Newstrike Brands
TORONTO — Cannabis company Newstrike Brands Ltd. has struck a deal to create co-branded edibles with specialty foods company Neal Brothers Inc., best known for its chips and salsa. Newstrike will own 60 per cent and Neal Brothers will own 40 per cent of a joint venture that will manufacture, distribute, market and sell cannabis-infused products. It will also acquire a... Read More

Second Cup franchisees file lawsuit against coffee chain over debt, ad fund

Second Cup franchisees file lawsuit against coffee chain over debt, ad fund
MONTREAL — A group of current and past Second Cup Ltd. franchisees has filed a lawsuit against the Canadian coffee chain. The suit filed earlier this month in the Superior Court of Quebec alleges the company misused a franchisee-funded advertising reserve and forced franchisees to acquire debt to fund equipment that failed to boost sales — among other things. None of the claims have... Read More

Annual inflation rises to 2.4% thanks to higher costs for gas, airline tickets

Annual inflation rises to 2.4% thanks to higher costs for gas, airline tickets
OTTAWA — The country’s annual inflation rate picked up its pace last month to hit 2.4 per cent in an advance mostly fuelled by higher gasoline prices, compared to a year ago, Statistics Canada said Friday. The federal agency’s October inflation number marked an increase from 2.2 per cent in September and pushed the reading a little farther away from the Bank of Canada’s ideal, two... Read More

Metro Inc. sales grow in first full quarter with Jean Coutu brand

Metro Inc. sales grow in first full quarter with Jean Coutu brand
Metro Inc. saw sales grow more than 15 per cent in its first full quarter since acquiring the Jean Coutu Group pharmacy chain. “The Jean Coutu integration plan is on track,” said CEO Eric La Fleche during a conference call with analysts Wednesday. The grocery retailer acquired the pharmacy operator in May 2018 for about $4.5 billion. The acquisition helped boost Metro’s sales... Read More