Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Brexit update An official from the British High Commission in Ottawa will give an update on Brexit and discuss the implications for Canada in Calgary on Monday. Experts told The Canadian Press in November that a post-Brexit United Kingdom will present Canadian business with... Read More

Cannabis company Canopy Growth delaying launch of infused beverages

Cannabis company Canopy Growth delaying launch of infused beverages
SMITH FALLS, Ont. — Canopy Growth Corp. is delaying the launch of its cannabis-infused drinks. The company says work to scale up to commercial production is not complete and it is delaying the launch date while it completes the final steps. Canopy submitted its final documentation for its beverage facility to Health Canada last June and received its license in... Read More

Ahead in the clouds: Alibaba plans to change the Olympics

Ahead in the clouds: Alibaba plans to change the Olympics
LAUSANNE, Switzerland — Alibaba’s promise to the Olympic family is to bring its technological might to help organizers, broadcasters and fans. The Chinese tech giant’s Olympic sponsorship deal is worth hundreds of millions of dollars and runs for 12 years, starting in 2017 and continuing through the upcoming Tokyo Games and the 2022 Winter Games in Beijing and into the... Read More

Statistics Canada says decline in manufacturing has hurt employment for men

Statistics Canada says decline in manufacturing has hurt employment for men
OTTAWA — A Statistics Canada report reveals that the fallout from the country’s shrinking manufacturing sector is affecting employment and wage rates of men and women differently. In a report looking at the impact of the decline in manufacturing, the agency says the percentage of Canadian men aged 21 to 55 who were employed mainly full time for at least 48 weeks... Read More

Timbits cereal a novelty, but may dilute Tim Hortons brand, experts say

Timbits cereal a novelty, but may dilute Tim Hortons brand, experts say
The humble Timbit wants a home in Canadians’ breakfast bowls. Once best known for coffee and baked goods, Tim Hortons offerings have expanded over the years to include ground coffee, canned noodle soup and now, Timbits cereal. Tims’ expansion into the cereal aisle at Canadian grocery stores seeks to introduce sugar-loving tots to the Tim Hortons brand. But experts say this continued diversification may leave consumer confused about what the... Read More

US adds 145,000 jobs; unemployment holds at 3.5%

US adds 145,000 jobs; unemployment holds at 3.5%
WASHINGTON — U.S. employers added 145,000 jobs in December and the unemployment rate held steady at 3.5%, signalling that the job market remains strong at the start of 2020 even if hiring and wage gains have slowed somewhat more than a decade into an economic expansion. Friday’s snapshot from the Labor Department showed hiring slipped from robust gains of 256,000... Read More

Investor relief sends North American stock markets to record intraday highs

Investor relief sends North American stock markets to record intraday highs
TORONTO — Relief about a reduced risk of war in the Middle East sent North American stock markets to new highs Thursday. Markets returned to a risk-on mode after a couple of days of volatility over concerns that the U.S. drone killing of a top Iranian general would result in an all-out conflict between the adversaries, says Candice Bangsund, portfolio manager... Read More

CES Gadget Show: Say ‘no’ to junk food with DNA wristband

CES Gadget Show: Say ‘no’ to junk food with DNA wristband
LAS VEGAS — A wristband that will help you say “no” to junk food. A machine that will mix drinks for you. These were among the gadgets showcased this week at the CES technology conference in Las Vegas. The four-day show, which opened Tuesday, is a place for companies to unveil their products and services for the coming year, though... Read More

Optimity buys Carrot Rewards, plans to relaunch health app under new model

Optimity buys Carrot Rewards, plans to relaunch health app under new model
A Canadian tech company plans to relaunch popular wellness app Carrot Rewards that shuttered after its original founders failed to secure enough funding to keep the business running. “Our top priority is making it a delightful experience … but also, revamping the economic model to make it completely sustainable forever” said Jane Wang, CEO and co-founder of Optimity, a company that... Read More

Climate change, aging population major economic factors in forecast for 2020s

Climate change, aging population major economic factors in forecast for 2020s
A new economic report says the next decade in Canada will increasingly be shaped by the twin forces of climate change and demographic disruption from an aging population. “By 2030, Canada’s economy could look significantly different,” says the RBC report released Monday, dubbed Navigating the 2020s. “A country whose economic identity has long been bound to natural resource extraction will accelerate... Read More