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

Aurora Cannabis to supply medical pot to Mexico through partnership

Aurora Cannabis to supply medical pot to Mexico through partnership
EDMONTON — Aurora Cannabis says it will supply medical cannabis to Mexico through a partnership with pharmaceutical manufacturer and distributor Farmacias Magistrales. Farmacias recently got the green light to import cannabis, which Aurora says is the first and only import license granted by federal Mexican authorities to date. Aurora’s chief executive Terry Booth says the exclusive partnership expands the cannabis grower’s early mover advantage in... 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

Survey: US services firms grew in November

Survey: US services firms grew in November
WASHINGTON — U.S. services firms grew at a slightly stronger pace in November, a sign that the recent stock market sell-offs have yet to dampen enthusiasm among consumers. The Institute for Supply Management, which is composed of purchasing managers, reported Thursday that its services index rose to 60.7 last month, up from 60.3 in October. Readings above 50 point to... Read More

Dollarama reports $133.5M Q4 profit, comparable store sales growth slows

Dollarama reports $133.5M Q4 profit, comparable store sales growth slows
MONTREAL — Dollarama Inc. says it earned $133.5 million in its latest quarter, up from $130.1 million a year ago. The retailer says the profit amounted to 41 cents per diluted share for the company’s third quarter, up from 38 cents per share in the same quarter last year. Analysts on average had expected a profit of 42 cents per... Read More

China demands Canada release Huawei executive arrested in Vancouver

China demands Canada release Huawei executive arrested in Vancouver
VANCOUVER — Chinese officials are demanding that Canada release Huawei Technologies’ chief financial officer, who was arrested in Vancouver over the weekend and faces possible extradition to the United States. Foreign ministry spokesman Geng Shuang told reporters Thursday that the Chinese government also wants Canadian officials to reveal the reasoning behind Meng Wanzhou’s arrest Saturday. He also said Meng’s legal rights must... Read More

HBC posts lower Q3 loss as Saks Fifth Avenue drives improvement in overall sales

HBC posts lower Q3 loss as Saks Fifth Avenue drives improvement in overall sales
TORONTO — Hudson’s Bay Co. says it had a smaller overall third-quarter loss than last year as sales increased by 5.6 per cent to $2.2 billion, with its Saks Fifth Avenue brand of luxury retail stores continuing to show improvements. The Toronto-based retailer’s net loss was $164 million or 69 cents per share, including discontinued operations That’s down from last year’s... Read More

Roots lowers long-term earnings estimates following weak sales in Q3

Roots lowers long-term earnings estimates following weak sales in Q3
TORONTO — Roots Corp. has lowered its sales and earnings estimates from targets set when the company went public in October 2017 after sales fell “well below” its own expectations in the third quarter. The clothing company’s total sales for the three months ended Nov. 3 were $87 million, down three per cent from $89.7 million last year when Roots benefited from... Read More

Economic chill dulls Chinese appetite for some luxury brands

Economic chill dulls Chinese appetite for some luxury brands
BEIJING — The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries. It’s a rude awakening for such designer brands as Louis Vuitton and Burberry that increasingly rely on Chinese customers who spend $90 billion a year on jewelry, clothes and other high-end goods. The industry already... Read More

Hackers had access to customer data on 1-800-Flowers.ca for four years

Hackers had access to customer data on 1-800-Flowers.ca for four years
TORONTO — Floral and gourmet food retailer 1-800-Flowers.ca says hackers may have gained access to customer data from 75,000 Canadian orders, including names and credit card information, over a four-year period. The company says the security breach of its database of customer information spanned Aug. 15, 2014 to last Sept. 15. It began notifying affected customers at the end of November, and to date, it has... Read More