Trudeau worried China could target imports of other Canadian products

Trudeau worried China could target imports of other Canadian products
OTTAWA — Prime Minister Justin Trudeau says he’s worried an ongoing diplomatic dispute could see China target imports of other Canadian agricultural products as concerns grow about soybean shipments in particular. One industry leader said Thursday that, without a clear explanation, Canadian soybean exports to China plunged from 3.2 million tons over the final four months of 2018 to just 3,700 tons through the first four months of this... Read More

Craft brewers welcome move to sell beer at corner stores in Ontario

Craft brewers welcome move to sell beer at corner stores in Ontario
Ontario craft breweries are welcoming the provincial government’s move to expand beer sales to corner stores, saying the current system limits their products’ exposure to customers. “I just think it’s fantastic news,” said Scott Simmons, president of the Ontario Craft Brewers, a trade association composed of nearly 100 brewer members. Premier Doug Ford’s Progressive Conservative government tabled legislation last week... Read More

Trans Mountain stake should go to Indigenous owners on route, B.C. chief says

Trans Mountain stake should go to Indigenous owners on route, B.C. chief says
CALGARY — The chairman of a B.C. indigenous group seeking to buy a stake in the Trans Mountain pipeline says Ottawa should favour communities along the route when deciding who can make an ownership bid. Chief Michael LeBourdais of Whispering Pines Clinton Indian Band near Kamloops, B.C., says for that reason he supports the efforts of the Iron Coalition over rival Project... Read More

Transcontinental profits fall in Q2 following Coveris Americas purchase

Transcontinental profits fall in Q2 following Coveris Americas purchase
MONTREAL — Transcontinental Inc. says net earnings last quarter dropped nearly 68 per cent year over year stemming from its US$1.32-billion purchase of packaging firm Coveris Americas in 2018 and the sale of its California newspaper printing business. Profits fell to $22.3 million in Transcontinental’s second quarter, down from $68.9 million during the same period last year. On an adjusted basis, net... Read More

Toronto stock market inches higher as gold prices rise as shield to uncertainty

Toronto stock market inches higher as gold prices rise as shield to uncertainty
TORONTO — Canada’s main stock index closed marginally higher as gold rose as a shield against ongoing trade uncertainty and macroeconomic uncertainty. The S&P/TSX composite index was up 15.14 points at 16,227.80. In New York, the Dow Jones industrial average was up 181.09 points at 25,720.66. The S&P 500 index was up 17.34 points at 2,843.49, while the Nasdaq composite... Read More

Be careful when buying recreational property before a city home, say experts

Be careful when buying recreational property before a city home, say experts
TORONTO — First-time homebuyers aching to get into the real estate market should be cautious about trying to bypass expensive urban housing by purchasing a recreational property first, real estate experts say. “It’s more of a lifestyle choice than it is a great investment choice,” says Brad Henderson, former president and CEO of Sotheby’s International Realty Canada. Some hot locations such as the Muskoka... Read More

Tim Hortons announces plans to expand to Thailand as RBI pushes global growth

Tim Hortons announces plans to expand to Thailand as RBI pushes global growth
TORONTO — Tim Hortons says it will open its coffee shops in Thailand as its parent company pushes for fast global growth. The coffee-and-doughnut chain says it has signed an agreement with WeEat Company to develop the brand in the Southeast Asian country. The chain operates more than 4,800 locations mostly in Canada and the U.S. It also has restaurants... Read More