North West Co. says Giant Tiger stores ate into earnings on margin pressures

North West Co. says Giant Tiger stores ate into earnings on margin pressures
WINNIPEG — Retailer The North West Company Inc. says an insurance payout helped its net earnings rise in the last quarter despite disappointing results from its Giant Tiger outlets. The company, focused around its 117 Northern-branded stores in remote communities, says first quarter earnings were up 41.7 per cent to $26.2 million compared with the same quarter last year. Net... Read More

Single-payer pharmacare could reduce patient access to drugs, say insurers

Single-payer pharmacare could reduce patient access to drugs, say insurers
TORONTO — The Canadian Life and Health Insurance Association says millions of people could risk losing access to certain drugs under even the most comprehensive government-run pharmacare plan. The industry association’s comments came in response to an expert panel’s recommendation that Canada should have a single-payer national pharmacare plan to cover every Canadian. The advisory council, tasked by the federal government to... Read More

Pressure BioSciences’ PCT Platform Prominently Featured in Record Number of Presentations at Major International Science Conference

Pressure BioSciences’ PCT Platform Prominently Featured in Record Number of Presentations at Major International Science Conference
Scientists from Leading Laboratories in Europe, Asia, Oceania, and North America Highlight the Critical Importance of PBI’s Patented PCT System in Cancer and Other Priority Research Areas Pressure BioSciences, Inc. (“PBI” or the “Company”), a leader in the development and sale of broadly enabling, pressure-base instruments, consumables, and platform technology solutions to the worldwide life sciences industry, today... Read More

North American indexes down as energy sector weighs, loonie flat

North American indexes down as energy sector weighs, loonie flat
TORONTO — North American stock indexes were trading lower Wednesday as the energy sector weighed on markets. The S&P/TSX composite index was trading down 25.08 points at 16,223.68. In New York, the Dow Jones industrial average was down 59.47 points at 25,989.04. The S&P 500 index was down 28.41 points at 16,219.33, while the Nasdaq composite was down 43.06 points at 7,780.70. The Canadian dollar was... Read More

Roots posts deeper Q1 loss but says it’s on track with 2019 targets

Roots posts deeper Q1 loss but says it’s on track with 2019 targets
TORONTO — The Roots clothing company’s first quarter loss was 75 per cent bigger than last year as inventory costs associated with a new distribution centre offset gains from higher sales. Roots Corp. had a $9.8 million net loss or 23 cents per basic share for the quarter ended May 4, which compared with last year’s first quarter loss of $5.6... Read More

Facebook launching app that pays users for data on app usage

Facebook launching app that pays users for data on app usage
SAN FRANCISCO — Facebook on Tuesday launched an app that will pay users to share information with the social media giant about which apps they’re using. The company previously rolled out two similar apps that tracked what activities people did on their phones. But both were shut down after drawing criticism for infringing on privacy and violating Apple’s App Store... Read More

$1.6B pipeline proposed to move North Dakota crude oil

$1.6B pipeline proposed to move North Dakota crude oil
BISMARCK, N.D. — Two companies are proposing a $1.6 billion pipeline to move North Dakota crude oil, making it the biggest such project to move oil out of the state since the Dakota Access pipeline that sparked violent clashes between protesters and law enforcement in 2016 and 2017. Houston-based Phillips 66 and Casper, Wyoming-based Bridger Pipeline announced the joint venture... Read More

Liberals set to unveil social-finance strategy, including $755M in new fund

Liberals set to unveil social-finance strategy, including $755M in new fund
OTTAWA — The federal government is to unveil its promised strategy today, planning to use hundreds of millions of dollars in federal funding to finance new, experimental ways to deliver social services. Social Development Minister Jean-Yves Duclos is scheduled to make a mid-day announcement in Montreal. The Liberals have been crafting a strategy for social finance, as it’s known, for years,... Read More

Rogers adopts unlimited wireless data plans, expects new purchase options

Rogers adopts unlimited wireless data plans, expects new purchase options
TORONTO — Rogers is making a major shift in its wireless service offerings by introducing unlimited data plans with no overage charges. Canada’s three national carriers have been slower to adopt unlimited data plans than U.S. wireless networks. But unlimited data plans have been available from their regional competitor, Freedom Mobile, which operates wireless networks in Ontario, Alberta and British Columbia. Rogers says... Read More