CBC hires former Corus exec Barbara Williams as English-language boss

CBC hires former Corus exec Barbara Williams as English-language boss
TORONTO — The CBC is turning to former Corus executive Barbara Williams to lead its English-language TV, radio, and online services. CBC/Radio-Canada president Catherine Tait says Williams takes the reins as executive vice-president on May 1. The industry veteran assumes the role following the resignation of CBC executive Heather Conway, who announced last November that she was stepping down after five years.... 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 (15,712.31, up 9.62 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 36 cents, or 3.48 per cent, to $9.98 on 19 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up 12 cents, or 6.22 per cent, to $2.05 on 16.4 million shares. Aphria Inc. (TSX:APHA). Health care. Down $1.27, or 9.03 per cent,... Read More

Laptop likely holds key to missing $180 million in cryptocurrency: experts

Laptop likely holds key to missing $180 million in cryptocurrency: experts
HALIFAX — Experts in the cryptocurrency industry say there’s a slim chance technicians will be able to recover the $180 million in digital assets believed to be in the laptop of the late founder of the insolvent QuadrigaCX exchange platform. Alfred Lehar, a finance professor at the University of Calgary, says access to Gerald Cotten’s computer is probably protected by some form of... Read More

Tim Hortons, franchisee group close to settling two class-action lawsuits

Tim Hortons, franchisee group close to settling two class-action lawsuits
Tim Hortons and an association representing some of its frustrated franchisees are close to reaching a settlement in two class-action lawsuits the group filed against the coffee-and-doughnut chain. Tim Hortons and the Great White North Franchisee Association submitted term sheet signed by their respective legal counsel to justice Edward Morgan at the Ontario Superior Court of Justice Wednesday. “I think... Read More

Cirque du Soleil acquires magic show company The Works Entertainment

Cirque du Soleil acquires magic show company The Works Entertainment
MONTREAL — Cirque du Soleil Entertainment Group says it has acquired The Works Entertainment and arranged a new US$120-million credit facility. The Works Entertainment is behind magic shows like The Illusionists and Now You See Me Live. Its portfolio also includes cabaret-style shows, circus art shows such as Circus 1903 — The Golden Age of Circus. Cirque du Soleil says the financing... Read More

Markham mayor says city to be a ‘living lab’ for Bell, IBM smart city research

Markham mayor says city to be a ‘living lab’ for Bell, IBM smart city research
MARKHAM, Ont. — The City of Markham, Bell Canada and IBM Canada are teaming up to test a new generation of internet-connected systems for monitoring city infrastructure and detecting problems such as storm flooding. Mayor Frank Scarpitti says Markham will serve as a “living lab” for technologies that will improve the city’s operating efficiency and enhance services for residents. The program... Read More

Toronto real estate board calls on Ottawa to revisit mortgage stress test

Toronto real estate board calls on Ottawa to revisit mortgage stress test
TORONTO — Canada’s largest real estate board is calling on Ottawa to revisit whether a stricter mortgage stress test introduced last year is still needed, arguing that the policy has negatively impacted the economy and Toronto’s once red-hot housing market. “While we saw buyers return to the market in the second half of 2018, we have to have an honest discussion on whether... Read More

Suncor blames western Canadian oil price discounts for $280M net loss

Suncor blames western Canadian oil price discounts for $280M net loss
CALGARY — Suncor Energy Inc. is blaming a net loss in the last three months of 2018 primarily on steep price discounts for western Canadian oil, including the upgraded synthetic crude it produces at its oilsands mining operations. The Calgary-based producer says it had a net loss of $280 million or 18 cents per share in the fourth quarter of 2018, compared to a... Read More

Aphria board rejects hostile takeover offer by Green Growth Brands

Aphria board rejects hostile takeover offer by Green Growth Brands
The board of cannabis producer Aphria Inc. has rejected a hostile takeover bid by Green Growth Brands. Inc. saying it “significantly undervalues” the company and would have “negative repercussions.” Shares of the Leamington, Ont.-based pot cultivator slipped by more than eight per cent in early trading on the Toronto Stock Exchange to $12.86. Aphria’s board unanimously recommended the rejection after a committee... Read More