Nutrien CEO: 2020 will see strong recovery from this year’s soft fertilizer demand

Nutrien CEO: 2020 will see strong recovery from this year’s soft fertilizer demand
SASKATOON — Nutrien Ltd. says global demand for fertilizer is weaker than anticipated this year due to poor weather in North America and offshore buyers that have chosen to draw down their inventories. As a result, the Saskatoon-based company has lowered key estimates for 2019, including a further reduction on potash sales volume following an earlier downward revision issued in September. Nutrien’s potash sales for... Read More

Ovintiv name a ‘blank slate’ as Encana plans move to United States

Ovintiv name a ‘blank slate’ as Encana plans move to United States
CALGARY — The name Encana Corp. immediately brings to mind two things: energy and Canada. Ovintiv, with which the oil and gas producer plans to rechristen itself once it moves its headquarters to the United States next year, offers no hint of what the company does or where it’s from. Branding experts say that’s likely to be the point. “It’s kind of a blank slate, which appears to... Read More

Ontario fiscal update to focus on return to budget balance: Calandra

Ontario fiscal update to focus on return to budget balance: Calandra
TORONTO — Ontario’s Progressive Conservative government says its fall economic statement will focus on efforts to balance the books. Government House Leader Paul Calandra says the key fiscal update that will be delivered on Wednesday will highlight the work to eliminate a projected $10.3 billion deficit. Calandra says in addition to those efforts, the document will include measures to bolster job growth and strengthen the economy. Last month,... Read More

Toronto, Vancouver both see home sale gains in October but prices diverge

Toronto, Vancouver both see home sale gains in October but prices diverge
TORONTO — Home sales in Canada’s two most valuable real estate regions rose in October as a rebound in the market continued due in part to falling interest rates. Greater Vancouver home sales were up by 45.4 per cent in the month compared with a year earlier, while Greater Toronto Area home sales were up by 14 per cent. Gains for the Vancouver area... Read More

TSX inches higher despite most Canadian companies missing expectations

TSX inches higher despite most Canadian companies missing expectations
TORONTO — Canada’s main stock index edged higher despite most corporate earnings missing expectations so far this quarter. The S&P/TSX composite index closed up 12.11 points at 16,681.92 on growth in the energy sector. In New York, the Dow Jones industrial average was up 30.52 points at 27,492.63. The S&P 500 index was down 3.65 points at 3,074.62, while the Nasdaq composite... Read More

KFC Canada to test bamboo packaging for poutine starting next year

KFC Canada to test bamboo packaging for poutine starting next year
VAUGHAN, Ont. — KFC Canada says it will test poutine buckets made out of bamboo fibres starting early next year. The fried chicken chain says in a statement the trial of the eco-friendly packaging is the first of several innovative materials it plans to test. KFC says bamboo is often called one of the world’s most renewable materials thanks to... Read More

US services companies growth rebounds in October

US services companies growth rebounds in October
WASHINGTON — Growth in the vast U.S. service sector rebounded in October after sinking to a three-year low in September causing concern for investors and economists. The Institute for Supply Management, an association of purchasing managers, reported Tuesday that its service index grew to 54.7% last month, up from 52.6% in September. Any reading above 50 signals growth. The service... Read More

BlackBerry COO Bryan Palma steps down to pursue other opportunities

BlackBerry COO Bryan Palma steps down to pursue other opportunities
WATERLOO, Ont. — BlackBerry Ltd. says its president and chief operating officer Bryan Palma has left the company after less than a year. The company says Palma, based out of the company’s San Ramon, California office, has decided to leave the company to pursue other opportunities after starting in the position in January. Palma was responsible for the company’s core product... Read More

5G-powered smart campus unveiled at UBC; applied sciences research part of plan

5G-powered smart campus unveiled at UBC; applied sciences research part of plan
VANCOUVER — Rogers Communications and the University of British Columbia have fired up what is believed to be Canada’s first 5G-powered smart campus. A company statement says the launch allows university researchers to test real-time 5G applications as Rogers prepares to unveil a national network of the ultra high-speed 5G mobile wireless system next year. The system is the fifth generation of mobile... Read More

Interac acquires Ottawa-based digital security company 2Keys

Interac acquires Ottawa-based digital security company 2Keys
TORONTO — Interac Corp. has signed a deal to acquire Ottawa-based digital security firm 2Keys. Financial terms of the agreement were not immediately available. Interac operates the debit payments system. The companies say 2Keys and its approximately 100 employees will join the company, adding its digital identification technology. Founded in 1998, 2Keys designs, develops and operates digital identity systems. 2Keys... Read More