Interfor says it’s shipping more lumber from Canada after China tariffs on U.S.

Interfor says it’s shipping more lumber from Canada after China tariffs on U.S.
VANCOUVER — Interfor Corp. says the company has increased lumber shipments from Canada to China as a result of tariffs imposed on its U.S. production. “We’ve seen a marked increase in volume from Canada,” said Barton Bender, vice-president of sales at Interfor on an earnings conference call Friday. “We’re still active on some products in the South to China. We’ve tried... Read More

Mattel, Hasbro results show diverging post-Toys R Us paths

Mattel, Hasbro results show diverging post-Toys R Us paths
NEW YORK — Quarterly reports from Mattel and Hasbro show that while the demise of Toys R Us has shaken up the industry, the two dominant toymakers’ paths are diverging less than a year later. Late Thursday, Mattel posted better-than-expected earnings per share and revenue for the key holiday quarter, sending its shares up sharply. The maker of Barbies and... Read More

Canada adds 66,800 net new jobs in January, but unemployment rate ticks higher

Canada adds 66,800 net new jobs in January, but unemployment rate ticks higher
OTTAWA — The country saw a rush of 66,800 net new jobs in January in a gain fuelled by a hiring surge in the private sector, Statistics Canada said Friday. The agency’s latest labour force survey said more people also searched for work last month, which pushed the unemployment rate to 5.8 per cent, up from its 43-year low 5.6 per cent in December. Economists had expected the... Read More

Rules violation leads to cannabis lottery winner being disqualified

Rules violation leads to cannabis lottery winner being disqualified
TORONTO — Ontario’s Alcohol and Gaming Commission has disqualified one of the winners of a lottery held to apply for cannabis retail licences. The agency says the entity has been removed for breaking a rule that prohibits someone from changing the name of the person on an application or the corporate structure of the company operating the store. The disqualified entity had won the... Read More

Creativity key for the future of HMV and Sunrise: music industry experts

Creativity key for the future of HMV and Sunrise: music industry experts
TORONTO — If Sunrise Records and Entertainment Limited wants the 100 HMV stores it just purchased across the UK to succeed, industry experts say it will need to get creative and quick. The music retail landscape has been plagued in recent years by the rise of streaming platforms and the dramatic decline of CDs and DVDs, making ventures like the one Sunrise is embarking on tough, said music... Read More

Indigo Q3 earnings ‘severely hurt’ by Canada Post strike, says retailer’s CEO

Indigo Q3 earnings ‘severely hurt’ by Canada Post strike, says retailer’s CEO
TORONTO — Indigo Books and Music Inc. says the Canada Post strike “severely hurt” its third-quarter earnings, contributing to a roughly 50 per cent drop in net earnings. The Toronto-based retailer says in the period ending Dec. 29 it earned $21.5 million, down from the $42.6 million it reported for the same period the year before. Indigo’s diluted earnings per share amounted to 79... Read More

High Tide signs letter of intent with Ontario pot store lottery winner

High Tide signs letter of intent with Ontario pot store lottery winner
CALGARY — High Tide Inc. has signed a letter of intent to acquire a minority interest in one of the lottery winners selected to apply for one of the first 25 cannabis retail licences in Ontario. Financial terms of the agreement between the unidentified winner and High Tide weren’t disclosed by the company, which has seven Canna Cabana cannabis stores in Alberta. High Tide... Read More

Toronto-area retailer to test Loop reusable packaging system later this year

Toronto-area retailer to test Loop reusable packaging system later this year
TORONTO — Canadian efforts to reduce single-use plastic will get a boost this year when a major retailer is slated to launch a test of reusable packaging in the most populated part of the country. The chain’s identity is expected to be unveiled this spring with online operations starting by year-end, says the founder of recycler TerraCycle’s Loop. “I say... Read More

Amazon buys ‘Brittany Runs a Marathon’ at Sundance for $14M

Amazon buys ‘Brittany Runs a Marathon’ at Sundance for $14M
PARK CITY, Utah — In its third major buy of the Sundance Film Festival, Amazon Studios has acquired the world rights for the inspirational comedy “Brittany Runs a Marathon ” for $14 million. Deadline first reported the news of the acquisition Wednesday. The film stars Jillian Bell as an aimless 20-something who decides to start getting her life together and... Read More

Amazon embroiled in Ontario labour relations board complaint over couriers

Amazon embroiled in Ontario labour relations board complaint over couriers
TORONTO — A union representing Ontario couriers delivering packages for Amazon.com Inc. are alleging the e-commerce giant engaged in unfair labour practices that resulted in the termination of employees, the closure of one courier company’s Mississauga operations and the bankruptcy of another. In a series of applications filed with the Ontario Labour Relations Board in July initially reported on by The Logic, the United Food... Read More