PETA threatens to sue City of Toronto and Astral Media over Canada Goose ads

PETA threatens to sue City of Toronto and Astral Media over Canada Goose ads
TORONTO — The People for the Ethical Treatment of Animals is threatening to sue the City of Toronto and Astral Media for removing anti-Canada Goose ads. The animal rights group says Astral took down the ads that criticized the Toronto-based luxury jacket maker for using goose down and coyote fur in its jackets. The ads featured images of both animals with captions “I’m a... Read More

China retaliation against Canadian companies unlikely for now: experts

China retaliation against Canadian companies unlikely for now: experts
VANCOUVER — Fears of retaliation against China-based staff of Canadian companies in the wake of a Chinese tech exec’s arrest in Canada are overblown at the moment, but experts say that could change if the situation escalates. Meng Wanzhou, CFO of Chinese telecom giant Huawei Technologies, was arrested at Vancouver’s airport while in transit on Dec. 1. and faces extradition to the United... Read More

Supremex cuts 41 jobs from Canadian envelope workforce in cost-reduction measure

Supremex cuts 41 jobs from Canadian envelope workforce in cost-reduction measure
MONTREAL — Supremex Inc. is cutting 41 employees at its Canadian envelope manufacturing operations in a cost-saving measure as it diversifies its business to include more packaging products. The company, headquartered in the Montreal community of LaSalle, says the cuts affect eight per cent of its Canadian envelope workforce. It currently operates 12 facilities across seven provinces in Canada and three facilities... Read More

Junior oil firms cutting dividends, output as prices remain ’embarrassingly low’

Junior oil firms cutting dividends, output as prices remain ’embarrassingly low’
CALGARY — A pair of junior Calgary oil companies are cutting payouts to shareholders and reducing production because of current steep discounts on western Canadian oil prices. Both Cardinal Energy Ltd. and Granite Oil Corp. say they can’t afford to wait and see if production cuts imposed by the Alberta government starting Jan. 1 will work to drain a glut of... Read More

Hydro One shares jump 5.7 per cent after U.S. regulators reject $6.7B takeover

Hydro One shares jump 5.7 per cent after U.S. regulators reject $6.7B takeover
TORONTO — Opposition politicians may not like it but investors are applauding the rejection of Hydro One Ltd.’s $6.7-billion takeover of U.S.-based utility Avista Corp. Shares in the power company controlled by the Ontario government closed at $21.53, up $1.16 or 5.7 per cent, on the Toronto Stock Exchange on Thursday. On Wednesday, Washington State regulators said they would not allow... Read More

CN Rail in joint bid for stake in largest container terminal in Eastern Canada

CN Rail in joint bid for stake in largest container terminal in Eastern Canada
HALIFAX — Canadian National Railway is bidding to acquire a stake in the largest container terminal in Eastern Canada. The Montreal-based company has confirmed joining a partner to bid for an interest in Halterm, a 30-hectare site at the Port of Halifax, but is declining to provide details. Halifax is Canada’s fourth-busiest port in terms of container traffic, behind Vancouver, Montreal and... Read More

2019 marks beginning of CPP enhancements to be rolled out over seven years

2019 marks beginning of CPP enhancements to be rolled out over seven years
TORONTO — The biggest change to the country’s pension plans in more than a decade will take place in the new year, but the effects will be felt differently depending on which generation you belong to. Beginning in early 2019, the Canada Pension Plan and Quebec Pension Plan will phase in enhanced benefits over the next seven years to provide more financial... Read More

Canadian trade deficit grew in October as oil prices weighed on exports

Canadian trade deficit grew in October as oil prices weighed on exports
OTTAWA — Falling oil prices took a bite out of exports in October as Canada’s merchandise trade deficit increased to roughly $1.2 billion in October compared with $891 million in September, Statistics Canada said Thursday. Economists had expected a deficit of $700 million, according to Thomson Reuters Eikon. “October’s surprise disappointment in the trade deficit adds to weakness from the... Read More

Bombardier forecasts 10% revenue boost in 2019 after plans for 5,000 layoffs

Bombardier forecasts 10% revenue boost in 2019 after plans for 5,000 layoffs
MONTREAL — Bombardier Inc. says its largest jetliner, a massive rail backlog and aftermarket services will propel the plane-and-train maker to 10 per cent revenue growth in 2019, roughly in line with analyst expectations. The 2019 guidance comes in the wake of a 60 per cent stock dive over the past five months and recent restructuring plans that will see... Read More

Metro Vancouver home sales and prices down to more ‘historical’ levels: board

Metro Vancouver home sales and prices down to more ‘historical’ levels: board
VANCOUVER — Both sales and prices for Metro Vancouver homes have dropped in what the head of the Real Estate Board of Greater Vancouver says is a return to historical demand levels. Board president Phil Moore says home buyers have been taking a wait-and-see approach for most of 2018 and the slower activity has prompted home prices to edge downward across all property... Read More