From Audible to Whole Foods: A look at Amazon’s empire

From Audible to Whole Foods: A look at Amazon’s empire
NEW YORK — Amazon is hard to escape. Whether you’ve bought shoes at Zappos, picked up milk at Whole Foods or listened to an audiobook on Audible, you’ve been caught up in Amazon’s growing web of businesses. And now, Amazon’s sprawling empire will stretch even further. The company is expected to announce Tuesday that it will open two more bases... Read More

Recipe Unlimited reports $23.8M Q3 profit up from $21.2M year ago

Recipe Unlimited reports $23.8M Q3 profit up from $21.2M year ago
VAUGHAN, Ont. — Recipe Unlimited Corp. earned $23.8 million in its latest quarter, up from $21.2 million a year ago. The company formerly known as Cara Operations says the profit amounted to 37 cents per diluted share for the three-month period ended Sept. 30, up from 34 cents per share a year ago. System sales totalled $879.8 million, up from... Read More

Money Monitor: How much pricier are organic groceries? Some items nearly on par

Money Monitor: How much pricier are organic groceries? Some items nearly on par
MONTREAL — Vanessa Baratta is cut up about purchasing organic produce. “Price factors into it now that I’m a homeowner. Beforehand I didn’t really care,” said the 29-year-old urban planner, reaching hesitantly for a package of pesticide-free mixed greens. “I used to go with mostly organic, but it’s much more expensive.” Baratta tries to eat and drink with an environmental... Read More

Parmalat to acquire Kraft’s natural cheese division for $1.62B

Parmalat to acquire Kraft’s natural cheese division for $1.62B
TORONTO — Parmalat Group says it has reached an agreement valued at $1.62 billion to acquire Kraft Heinz Canada’s natural cheese division. The deal would see Parmalat Canada take stewardship of the cheese brands Cracker Barrel, P’tit Quebec and Amooza. It would also include the purchase of Kraft’s Ingleside, Ont., processing plant, which employs nearly 400 people who would be transferred to Parmalat. The company says... Read More

Second Cup begins strategic review of company, despite improved Q3 results

Second Cup begins strategic review of company, despite improved Q3 results
MISSISSAUGA, Ont. — The Second Cup Ltd. says it has started a strategic review of the coffee chain company despite reporting improved financial results and continuing on its plan to sell recreational cannabis. The company says its board recognizes the need for the chain to continue to evolve and it now has the capacity to support a broader range of strategic alternatives... Read More

ParcelPal Expands Into United States With Amazon

ParcelPal Expands Into United States With Amazon
ParcelPal Technology Inc., announced earlier yesterday that it has expanded their relationship and operations with Amazon.com by commencing operations in the state of Washington and will begin delivering for Amazon imminently. The initial delivery service will be offered in Everett, Washington with the plan for greater expansion into the USA. The Company... Read More

Molson Coors reports third-quarter profit up from year ago, tops expectations

Molson Coors reports third-quarter profit up from year ago, tops expectations
MONTREAL — Molson Coors Brewing Co. topped expectations as it reported its third-quarter profit increased compared with a year ago, helped by higher sales. The brewer, which keeps its books in U.S. dollars, says it earned US$338.3 million or $1.56 per diluted share for the quarter ended Sept. 30. That compared with a profit of $287.0 million or $1.33 per... Read More

Tim Hortons sees Canadian growth as it works to fix franchisee relationship

Tim Hortons sees Canadian growth as it works to fix franchisee relationship
The parent company of Tim Hortons saw sales growth at Canadian locations of the coffee-and-doughnut chain as executives say their work to mend fraught franchisee relations is paying off, though more work remains. Restaurant Brands International Inc. is pleased with the Canadian results, said CEO Daniel Schwartz in an interview with The Canadian Press. Sales at Tim Hortons restaurants in Canada... Read More

Annual pace of inflation slows to 2.2 per cent in September: Statistics Canada

Annual pace of inflation slows to 2.2 per cent in September: Statistics Canada
OTTAWA — The annual pace of inflation slowed more than expected in September as increases in the price of gasoline eased compared with August. Statistics Canada said Friday the consumer price index in September was up 2.2 per cent from a year ago compared with a year-over-year increase of 2.8 per cent in August. Economists had expected the September figure to come... Read More

Melinda Gates speaks on smoothing the shift to digital age

Melinda Gates speaks on smoothing the shift to digital age
NUSA DUA, Indonesia — Instead of destroying jobs and leaving legions of people without work, the digital revolution can open doors to unseen opportunities and industries, but only if everyone has access to the internet and the ability to use it, Melinda Gates said in a recent interview with The Associated Press. The Bill and Melinda Gates Foundation has joined... Read More