Long-awaited video service expected from Apple on Monday

Long-awaited video service expected from Apple on Monday
Apple is expected to announce Monday that it’s launching a video service that could compete with Netflix, Amazon and cable TV itself. It’s a long-awaited attempt from the iPhone maker, several years after Netflix turned “binge watching” into a worldwide phenomenon. The new video service is expected to have original TV and movies that reportedly cost Apple more than $1... 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: Lululemon earnings Lululemon Athletica Inc. releases its fourth-quarter and full-year 2018 results on Wednesday. The Vancouver-based apparel company exceeded analysts expectations in the third quarter, due partially to a strong response to an Edmonton pilot of its first loyalty program. After Aeroplan Aimia Inc.... Read More

Statistics Canada reports pace of inflation ticked higher in February

Statistics Canada reports pace of inflation ticked higher in February
OTTAWA — The annual pace of inflation edged higher in February as gains in most spending categories offset lower gasoline prices, Statistics Canada said Friday. The agency reported the consumer price index in February climbed 1.5 per cent compared with a year ago. The move compared with a year-over-over increase of 1.4 per cent in January. Economists had expected a reading of... Read More

Levi Strauss readies for prime time in the public markets

Levi Strauss readies for prime time in the public markets
NEW YORK — Levi Strauss & Co., which gave America its first pair of blue jeans, is public again, for the second time. The 166-year-old company, which owns the Dockers and Denizen brands, previously went public in 1971, but the namesake founder’s descendants took it private again in 1985. The stock, which is listed under the ticker “LEVI,” opened for... Read More

Pot sector players welcome edibles tax change, but unhappy medical tax remains

Pot sector players welcome edibles tax change, but unhappy medical tax remains
TORONTO — Cannabis industry players welcomed the change in the Federal Budget to tax edibles, extracts, oils and concentrates based on the amount of tetrahydrocannabinol rather than weight, as it could ease pricing for some products and potentially boost product availability. However, licensed producers and a patient advocate group say they are disappointed that medical cannabis will continue to be taxed, despite... Read More

Anchor store expected to help largely vacant mall attract merchants, shoppers

Anchor store expected to help largely vacant mall attract merchants, shoppers
CALGARY — Ten months after tenants started moving into the still mostly empty New Horizon Mall just north of Calgary, its first anchor tenant is being announced this week. That means the grand opening originally scheduled for October could take place — at last — this spring, says Eli Swirsky, president of The Torgan Group, which developed the Asian bazaar-style centre in conjunction with its partner, MPI Property Group.... Read More

Tilray to focus investments on U.S., Europe as Canadian assets “overpriced”

Tilray to focus investments on U.S., Europe as Canadian assets “overpriced”
Cannabis producer Tilray Inc. plans to focus the majority of its future investments on the U.S. and Europe, where the growth potential is highest, and will not purchase “overpriced supply assets” in Canada. Tilray’s chief executive Brendan Kennedy said while Canada will continue to be an important market for the Nanaimo, B.C.-based company, the opportunities south of the border and across the pond are “orders... Read More

LL Bean pleased with 2018 performance, awards bonuses

LL Bean pleased with 2018 performance, awards bonuses
FREEPORT, Maine — L.L. Bean enjoyed a small increase in sales in the past year, enough so that it’s restoring bonuses for its 5,400 eligible workers, officials said Friday. The Maine-based retailer’s revenues grew by 1 per cent, nearly flat at $1.6 billion, in a changing and challenging environment for retailers. Steve Smith, president and CEO, said in a statement... Read More