Lululemon launches investigation into alleged worker abuse at supplier factory

Lululemon launches investigation into alleged worker abuse at supplier factory
VANCOUVER — Lululemon Athletica Inc. is investigating reports of worker abuse at a manufacturing facility in Bangladesh that has supplied the athleisure retailer. “We take these allegations very seriously and we are committed to a full, independent investigation,” the company said in an emailed statement. The Guardian newspaper reported Monday that some female workers at the factory, owned and run by another... Read More

Aritzia says Q2 net income up 19 per cent to $17.9M after online sales boost

Aritzia says Q2 net income up 19 per cent to $17.9M after online sales boost
VANCOUVER — Clothing retailer Aritzia Inc. says net income rose by about 19 per cent in its last quarter compared with a year earlier as it expanded its online sales and store count. The Vancouver-based company reported net income of $17.9 million in the second quarter of its fiscal 2020 year, which ended Sept. 1, compared with $15.1 million for the same... Read More

TSX ekes out small gain despite weakness in energy and materials sectors

TSX ekes out small gain despite weakness in energy and materials sectors
TORONTO — Canada’s main stock index eked out a small gain on the first day of trading after the Thanksgiving holiday, while U.S. markets rose on positive earnings reports. The S&P/TSX composite index closed up 3.23 points at 16,418.39. In New York, the Dow Jones industrial average was up 237.44 points, or about one per cent at 27,024.80. That’s just 1.4 per... Read More

Hearing on Toronto’s short-term rentals rules set to wrap Tuesday

Hearing on Toronto’s short-term rentals rules set to wrap Tuesday
TORONTO — A hearing on the future of Toronto’s rules covering short-term rentals like Airbnb is set to wrap up Tuesday. The hearing at the Local Planning Appeal Tribunal has squared city lawyers against several property owners who appealed the city’s recently amended short-term rental bylaw. The city approved short-term regulations around the start of 2018 but they were appealed and suspended before they could be in place. The rules... Read More

Berkshire Hathaway firm announces launch of $200-million Alberta wind power farm

Berkshire Hathaway firm announces launch of $200-million Alberta wind power farm
CALGARY — A company linked to American investment guru Warren Buffett says it will break ground on a $200-million, 117.6-megawatt wind farm in southeastern Alberta next year. In a news release, Calgary-based BHE Canada, a subsidiary of Buffett’s Berkshire Hathaway Energy, says its Rattlesnake Ridge Wind project will be located southwest of Medicine Hat and will produce enough energy to supply the equivalent of... Read More

Financials help lift Toronto stock market; U.S. markets head higher

Financials help lift Toronto stock market; U.S. markets head higher
TORONTO — The financial sector helped lift Canada’s main stock index in late-morning trading while the health-care sector, which includes the big names in the cannabis sector, also climbed higher. The S&P/TSX composite index was up 71.57 points at 16,486.73. In New York, the Dow Jones industrial average was up 249.91 points at 27,037.27. The S&P 500 index was up... Read More

Meal kits vary, so do your research before signing up for a subscription

Meal kits vary, so do your research before signing up for a subscription
When nutritionist Lonie Murdock started prepared meal service Eat Train Live in 2015, she had few competitors in the Toronto market. But in the last few years, she’s noticed new prepared meal or meal kit services springing up constantly. Each has different dishes and policies, creating a minefield of considerations and possible confusion for consumers just looking for an easy —... Read More

PETA takes Toronto to court over removal of anti-Canada Goose ads

PETA takes Toronto to court over removal of anti-Canada Goose ads
TORONTO — An animal welfare organization says the City of Toronto violated the group’s rights when it took down anti-Canada Goose ads. People for the Ethical Treatment of Animals has taken the city to court over the removal of ads calling for a boycott of the clothing company over its use of animal products. Astral Media has a contract with the city... Read More

Aimia’s largest investor says dissident shareholders’ board picks ‘well-suited’

Aimia’s largest investor says dissident shareholders’ board picks ‘well-suited’
NEW YORK — Aimia Inc.’s largest investor called the board nominees put forward by dissident shareholders at the company “qualified and well-suited” based on an initial review. Mittleman Brothers LLC says it will “seek to engage” with the nominees as soon as the dissident shareholders’ information circular is mailed, to hear their ideas, share its views and determine the extent... Read More

IMF downgrades outlook for world economy; 2019 estimate for Canada unchanged

IMF downgrades outlook for world economy; 2019 estimate for Canada unchanged
WASHINGTON — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global conflicts. The IMF’s latest World Economic Outlook foresees a slight rebound in 2020 but warns of threats ranging from heightened political tensions in the Middle East... Read More