Amazon to cut bonuses, stock benefits as it raises wages

Amazon to cut bonuses, stock benefits as it raises wages
NEW YORK — Amazon made a big splash this week with its $15 an hour minimum wage announcement, but lost in the fine print: Existing warehouse workers will no longer receive stock in the company or collect bonuses. The online giant says next month it will end bonuses, which paid workers extra based on their attendance and warehouse productivity, as... 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 (16,072.05, up 54.82 points).   Aurora Cannabis Inc. (TSX:ACB). Health care. Up 62 cents, or 5.2 per cent, to $12.55 on 24.6 million shares. RNC Minerals. (TSX:RNX). Metals. Down nine cents, or 9.89  per cent, to 82 cents on 20.4 million shares. Aphria Inc. (TSX:APH). Health care. Up 93 cents, or 5.8 per... Read More

Crown agency ups wage, benefit proposals, backs down on pension changes

Crown agency ups wage, benefit proposals, backs down on pension changes
OTTAWA — Canada Post has issued wide-ranging new contract offers to its employees in the hope of preventing a work stoppage at the Crown corporation ahead of the busy holiday online shopping season, The Canadian Press has learned. The proposals come after high-level talks were held over the weekend aimed at bridging an impasse in negotiations with the union representing... Read More

Why Canada Goose’s CEO has a love-hate relationship with counterfeiting

Why Canada Goose’s CEO has a love-hate relationship with counterfeiting
TORONTO — Canada Goose chief executive officer Dani Reiss has told customers for years they’ll never find a bathing suit emblazoned with his company’s iconic logo because it doesn’t make sense for the luxury winter apparel brand, but a quick search online will reveal he is sorely mistaken. Law enforcement and the Toronto-based company known for parkas that sell for about $1,000 have unearthed thousands of bathing suits and other items... Read More

Global markets rise on further signs of U.S. economic growth, Italian concessions

Global markets rise on further signs of U.S. economic growth, Italian concessions
TORONTO — Further signs of U.S. economic growth and budget concessions in Italy drove global markets higher. The S&P/TSX composite index closed up 54.82 points to 16,072.05. In New York, the Dow Jones industrial average reached another new high, gaining 54.45 points at 26,828.39. The S&P 500 index rose 2.08 points to 2,925.51, while the Nasdaq composite was up 25.54 points at 8,025.08. The Canadian dollar... Read More

Energy and health care help boost TSX; Dow industrials post triple-digit gain

Energy and health care help boost TSX; Dow industrials post triple-digit gain
TORONTO — Gains in energy stocks and the health-care sector, which includes some of the biggest names in the marijuana business, helped Canada’s main stock index trade higher. The S&P/TSX composite index was up 25.46 points at 16,042.69. In New York, the Dow Jones industrial average was up 158.53 points at 26,932.47. The S&P 500 index was up 11.24 points at... Read More

GM, Honda team up to produce self-driving vehicles

GM, Honda team up to produce self-driving vehicles
SAN FRANCISCO — General Motors and Honda will team up on self-driving vehicle technology as big automakers and tech giants race to develop the next generation of personal transportation. Japan’s Honda Motor Co. will invest $2.75 billion in the autonomous vehicle unit run by General Motors Co., called GM Cruise. The two automakers are already partnering on fuel cell vehicles... Read More

B.C.’s Kitimat LNG deal has Horgan juggling Greens, Liberals, environmentalists

B.C.’s Kitimat LNG deal has Horgan juggling Greens, Liberals, environmentalists
VICTORIA — The prospect of billions of dollars in liquefied natural gas revenues has British Columbia’s government preparing for a political and environmental juggling act as Premier John Horgan attempts to hold together his minority government while appeasing ever watchful climate guardians. Horgan said LNG Canada’s decision to build a $40 billion liquefied natural gas project in northern B.C. ranked on the... Read More

Greater Toronto home sales up 1.9 per cent from a year ago as supply falls

Greater Toronto home sales up 1.9 per cent from a year ago as supply falls
TORONTO — The Toronto Real Estate Board says the housing market is becoming “tighter” as the number of new listings across the Greater Toronto Area dropped in September, while home sale prices climbed compared with a year ago. “As the GTA population continues to grow, the real challenge in the housing market will be supply rather than demand,” said TREB president Garry Bhaura in... Read More