Wednesday, October 7th12.6°C

Big bucks in beer merger

Oct 7, 2015 / 6:47 am

Any talk of a union between Budweiser and Miller — in fact, any talk of the creation of beer behemoth reaching all parts of the globe for that matter — should be put off for now as the owners of two of the world's most famous beers continue to haggle over the terms of a...

From farm to tray table

Oct 7, 2015 / 6:19 am

JetBlue Airways is trying to bring a little bit of country to the city — opening its own "farm" at New York's John F. Kennedy International Airport. The 24,000 square-foot space — less than half the size of a football field — outside JFK's Terminal 5 is meant...

VW recall set for new year

Oct 7, 2015 / 6:15 am

Volkswagen plans to launch in January a recall of vehicles with software at the centre of the emissions-rigging scandal and aims to fix them all by the end of next year, the company's new chief executive says. Volkswagen has said up to 11 million vehicles worldwide across several of its...

Helping cut lengthy lineups

Oct 6, 2015 / 3:17 pm

Lengthy lineups are often considered one of the greatest challenges facing the fast food industry, but a growing number of companies are getting savvy with smartphone apps designed to keep impatient customers satisfied. Next week, Starbucks Canada will launch an update to its popular payment app...

$1B pledge to auto industry

Oct 6, 2015 / 2:19 pm

Experts say Conservative Leader Stephen Harper's $1-billion pledge Tuesday to help the auto sector is a crucial step after his government exposed the industry to foreign competition by joining a huge Pacific Rim trade deal. Harper announced that a re-elected Conservative government would...

Bombardier shares surge

Oct 6, 2015 / 2:13 pm

Stock in financially strapped Bombardier surged following a news report that the Montreal-based plane maker has approached Airbus to sell a majority stake in its CSeries jet. The transportation company's shares (TSX:BBD.B) closed up almost 15 per cent to $1.77 Tuesday on the Toronto Stock...

Economic growth slowing

Oct 6, 2015 / 9:55 am

China's slowdown and tumbling commodity prices will push global economic growth this year to the lowest level since the recession year 2009, the International Monetary Fund predicted Tuesday. In a report Tuesday in advance of the IMF-World Bank annual meetings here this week, the fund says...

BP to pay $20B for spill

Oct 6, 2015 / 6:25 am

The Justice Department and five states on Monday announced a $20 billion final settlement of environmental damage claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The deal, once approved by a judge, would resolve all civil claims against BP and end five years of...

Court backs online privacy

Oct 6, 2015 / 6:19 am

The European Union's highest court struck a blow Tuesday against Facebook and other companies by ruling that a long-running pact allowing the free transfer of data to the U.S. is invalid as it does not adequately protect consumers. The verdict could have far-reaching implications for...

Lower rates, higher debt

Oct 6, 2015 / 5:58 am

Nearly one in six Canadians would not be able to handle a $500 increase in their monthly mortgage payments, a new survey from the Bank of Montreal suggests. According to the bank, 16 per cent of respondents said they would not be able to afford such an increase, while more than a quarter, or...

High-tech fire prevention

Oct 5, 2015 / 5:12 pm

Just in time for Fire Prevention Week, a Kelowna tech company has launched new product that can help prevent kitchen fires. iGuardFire has introduced the iGuardStove, a safety product which, when connect to your stove, turns it into a smart stove. Developers say iGuard gives a stove the...

TPP may reduce dairy prices

Oct 5, 2015 / 2:32 pm

Some Canadian consumers could see modestly lower prices for milk and cheese thanks to a massive new trade deal if dairy companies pass along cost savings, says an industry observer. Sylvain Charlebois, professor of distribution and food policy at the University of Guelph's Food Institute,...

TPP: A bridge too far?

Oct 5, 2015 / 2:18 pm

Canada's signature on Monday's sweeping trade deal will open a door for companies to expand deeper into the Asia-Pacific region — but it remains to be seen how many will actually walk through it. With the world's largest economy right next door, Canada's business community...

Auto union slams trade deal

Oct 5, 2015 / 1:58 pm

The Canadian auto industry could shed as many as 20,000 jobs a result of the Trans-Pacific Partnership trade deal, according to autoworkers' union Unifor, as Canada's tariff on imported vehicles is rapidly phased out and domestic content rules are loosened. The trade deal, announced...

Are you an entrepreneur?

Oct 5, 2015 / 11:31 am

When it comes to the entrepreneurial spirit, 90 per cent of British Columbians express a desire to work for themselves. However, only 36 per cent of Canadians ever take the plunge. B.C. led the way in the recent RBC small business survey, which showed more than half of Canadians (57 per...

Trade deal: what it means

Oct 5, 2015 / 7:01 am

Here are some highlights of the 12-country Trans-Pacific Partnership agreement as described by the Canadian government Monday as it shared details of a deal to create the largest-ever regional trading bloc. The full text is not yet released, and the agreement would need to be ratified by the...

TPP trade deal reached

Oct 5, 2015 / 6:54 am

Twelve nations, including Canada, have reached a tentative deal on the so-called Trans-Pacific Partnership — a massive Pacific Rim trading bloc billed by Prime Minister Stephen Harper as the largest-ever deal of its kind. After five days of marathon, around-the-clock negotiations in...

Too soon for Christmas?

Oct 5, 2015 / 6:52 am

Christmas is still months away but 'tis already the season for several retailers stocking holiday merchandise — a move that is surprising and rankling some consumers. Leonard Cloutier recently tweeted a photo of a curtained-off aisle inside a Canadian Tire store with a Christmas-themed...

Making light of oil plight

Oct 5, 2015 / 6:44 am

Calgarians' moods may have been dragged down with the price of oil, but that doesn't mean they can't get into shape, find love or — at the very least — enjoy a glass or three of wine. Some businesses in the white-collar heart of the oilpatch have been tapping into the...

7-Eleven, Walmart team up

Oct 5, 2015 / 6:26 am

Walmart Canada and 7-Eleven Canada are joining forces to do an e-commerce pilot project in the Toronto area. Online shoppers at will be able to have their orders delivered for pickup at one of six convenience stores operated around the clock by 7-Eleven. It's an extension of a...

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