Second Cup to get new corporate name as it moves to diversify beyond coffee

Second Cup to get new corporate name as it moves to diversify beyond coffee
MISSISSAUGA, Ont. — The Second Cup Ltd. intends to change its name to Aegis Brands Inc. as part of a plan to diversify beyond coffee shops. The Toronto-area company says the name change is subject to approvals from shareholders and the Toronto Stock Exchange, where its shares are listed. Steven Pelton, who has been Second Cup’s president and CEO since May, will... Read More

Amazon to build first Quebec fulfilment centre next year, create 300 jobs

Amazon to build first Quebec fulfilment centre next year, create 300 jobs
MONTREAL — Amazon says it plans to build its first fulfilment centre in Quebec in the Lachine borough of Montreal. The online retail giant says the warehouse will open late next year and create more than 300 full-time jobs. It says the centre, which will be its 12th in the country, will allow it to better serve customers across Quebec. The company... Read More

Early Gen-Xers are coming of age to begin collecting seniors discounts

Early Gen-Xers are coming of age to begin collecting seniors discounts
TORONTO — Early Gen-Xers may find it uncomfortable to admit, but they have joined their parents in being old enough to claim senior discounts. The eldest members of the cohort born between 1965 and 1979 can save money by targeting their spending. While most retailers only offer discounts to Canadians that reach the traditional age of retirement, some give customers a... Read More

Canadian Tire raises quarterly dividend, reports Q3 revenue up from year ago

Canadian Tire raises quarterly dividend, reports Q3 revenue up from year ago
TORONTO — Canadian Tire Corp. raised its dividend as it reported its third-quarter revenue edged higher. The retailer says it will now pay a quarterly dividend of $1.1375 per share, an increase of 10 cents. The increased payment to shareholders came as Canadian Tire reported a profit attributable to shareholders of $197.2 million or $3.20 per diluted share for its... Read More

Ontario to allow cannabis retailers to sell online and over the phone

Ontario to allow cannabis retailers to sell online and over the phone
TORONTO — Ontario says it will allow cannabis retailers to sell products online or over the phone for in-store pick-up. The government announced the proposed changes in its fall economic statement today, saying they will decrease waits for access to legal cannabis. The Progressive Conservatives say the change is part of a promise to lift the cap on the number of cannabis stores and combat... Read More

Ikea plans to open small stores in Toronto core as consumers crave convenience

Ikea plans to open small stores in Toronto core as consumers crave convenience
Ikea Canada plans to open its first smaller, downtown store format in the country in Toronto within the next two years. The focus on the new formats for the retailer known for massive stores that can feel like walking through a home furnishings and decor labyrinth comes as urban consumers demand spaces closer to them that don’t require a long... 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

Bell wireless division in strong position amid changing industry conditions: CEO

Bell wireless division in strong position amid changing industry conditions: CEO
TORONTO — Bell’s wireless division had record third-quarter subscriber additions and it’s in a good competitive position amid major industry changes such as new unlimited data plans and device financing options, BCE Inc. executives said Thursday. BCE chief executive George Cope, who is set to retire in January, opened his last quarterly analyst call with a long list of favourable metrics... Read More

Canopy expects new pot goods on shelves in late 2019, including distilled pot

Canopy expects new pot goods  on shelves in late 2019, including distilled pot
SMITHS FALLS, Ont. — Canopy Growth Corp. expects to have about 30 next-generation pot products on the market by the end of the year, including distilled cannabis to be used in mixed drinks. Canopy president Rade Kovacevic says it will start with beverages, edibles and vapes and plans to roll out 32 specific items by end of December and add 20... Read More

Hexo shares slip as it reports $56.7M fourth-quarter loss, revenue totals $15.4M

Hexo shares slip as it reports $56.7M fourth-quarter loss, revenue totals $15.4M
Shares of Hexo Corp. fell after the cannabis company posted a larger-than-expected fourth-quarter adjusted loss and an inventory writedown. The Gatineau, Que.-based pot producer’s stock slipped as much as 10 per cent to $2.72 on the Toronto Stock Exchange, but regained some ground to trade for $2.89 by late morning. “Our company’s still young, despite all that we’ve accomplished, we’ve had some shortfalls…. We... Read More