Retail rivals crash Amazon’s Prime Day party

Retail rivals crash Amazon’s  Prime Day party
NEW YORK — The gravitational pull of Amazon Prime Day is so strong on shoppers it’s benefiting other retailers as well, according to an early analysis from a key data group. On Monday, the first day of its 48-hour sales event, large retailers, those that generated annual revenue of at least a billion dollars, enjoyed a 64% increase in online... Read More

North American stock markets rise on confirmation of upcoming U.S. rate cuts

North American stock markets rise on confirmation of upcoming U.S. rate cuts
TORONTO — North American stock markets rose, with U.S. markets hitting all-time highs, after the chairman of the U.S. Federal Reserve confirmed the central bank will cut interest rates because of a weakened economy. The S&P/TSX composite index closed up 18.08 points at 16,563.29. In New York, the Dow Jones industrial average was up 76.71 points at 26,860.20. The S&P... Read More

Faux fish the next frontier in plant-based alternatives for seafood lovers

Faux fish the next frontier in plant-based alternatives for seafood lovers
TORONTO — The arrival of plant-based meats at chains including A&W and Tim Hortons is just the first step towards mainstream sustainable eating for Blair Bullus. The Vancouver flexitarian and businessman has his eye on the next frontier: Fish and seafood alternatives that — like Beyond Burger and Impossible Foods — mimic the look and taste of the real thing for pescatarians... Read More

NSLC to sell cannabis edibles, extracts and topicals before end of the year

NSLC to sell cannabis edibles, extracts and topicals before end of the year
HALIFAX — The Nova Scotia Liquor Corporation will sell cannabis edibles, extracts and topicals when the products become legal later this year. Finance Minister Karen Casey says the government had great success with NSLC when they were asked to take on the retail for cannabis last year. “They’ve proven they could take on the cannabis and so we asked them what it might look... Read More

FSC updates forestry standards targeting threatened species, Indigenous rights

FSC updates forestry standards targeting threatened species, Indigenous rights
TORONTO — The Forest Stewardship Council has launched a major update to its forestry standards that targets issues like threats to woodland caribou and the rights of Indigenous peoples. The FSC is one of the main organizations the industry uses to certify that its products meet a level of environmental, social and management standards. FSC Canada president Francois Dufresne says the update comes after extensive consultations... Read More

Updated fisheries law could stem loss of stocks, biodiversity: supporters

Updated fisheries law could stem loss of stocks, biodiversity: supporters
Significant changes could be coming to the way fisheries are managed in Canada, giving hope for the rebound of some species and the protection of others, says an ocean conservation group. Josh Laughren, executive director of Oceana Canada, said proposed amendments to the Fisheries Act would prompt the government to rebuild stocks that fall below sustainable levels. And while the changes still... Read More

Unemployment hits 49-year low as US employers step up hiring

Unemployment hits 49-year low as US employers step up hiring
WASHINGTON — U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and now anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop reflected a rise in the number of people who stopped looking for work.... Read More

Pharmaceutical exec guilty of bribing doctors to push opioid

Pharmaceutical exec guilty of bribing doctors to push opioid
BOSTON — A pharmaceutical company founder accused of paying doctors millions in bribes to prescribe a highly addictive fentanyl spray was convicted Thursday in a case that exposed such marketing tactics as using a stripper-turned-sales-rep to give a physician a lap dance. John Kapoor, the 76-year-old former chairman of Insys Therapeutics, was found guilty of racketeering conspiracy after 15 days... Read More

Self-employed increasingly turning to private lenders for mortgages

Self-employed increasingly turning to private lenders for mortgages
TORONTO — The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage. While many prospective homeowners are driven to alternate lenders because of government-mandated stress tests and poor credit scores, the self-employed often have additional burdens to overcome in proving their income. “There’s more and more people seeking private loans than ever... Read More