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Business  

Working on washer safety

Sep 30, 2016 / 12:32 pm
Samsung says it is working with Health Canada to address potential safety issues with certain top-loading, high-efficiency washing machines that can vibrate to the point where they could pose a risk of injury or property damage. The company says washing bedding, bulky or water-resistant items at...

Rogers overhauls magazines

Sep 30, 2016 / 9:40 am
Rogers Communications announced Friday an overhaul of its magazines that will see Flare, Sportsnet, MoneySense and Canadian Business disappear from store shelves and move to online only. In addition, magazines including Maclean's, Chatelaine and Today's Parent will reduce the number of...

Alberta introduces tax credit

Sep 30, 2016 / 9:04 am
The Alberta government plans to introduce a tax credit for investments in small businesses in the fall sitting of the legislature. Economic Development Minister Deron Bilous says there will be a 30 per cent tax credit for investments in Alberta small businesses made between April 14 of this year...

Bombardier signs rail deal

Sep 30, 2016 / 8:46 am
Bombardier has signed previously announced US$1.2 billion in contracts to supply and maintain railway cars that will secure 1,000 jobs at its Derby facility in England. The company will supply 665 Aventra railcars to government-selected railway operator Abellio as part of a broader effort to...

Economy on the rebound

Sep 30, 2016 / 6:46 am
Statistics Canada reports the economy grew 0.5 per cent in July, the second month of recovery from a significant decline in May and a better showing than many economists predicted. July's growth was led by the mining, oil and gas extraction sector, which was up 3.9 per cent from...

YVR restricting competition?

Sep 29, 2016 / 11:41 am
The Competition Bureau is accusing the Vancouver Airport Authority of imposing restrictions which it says decreases competition among in-flight catering companies. The regulator has applied to the Competition Tribunal for an order requiring the airport authority to open Vancouver International...

Bad to worse for Samsung

Sep 29, 2016 / 11:24 am
Samsung is warning consumers to take care when using its top-loading washing machines, which can explode during normal use involving large items like bedding. The company, which is working with the U.S. Consumer Product Safety Commission to address the safety issues, said certain machines made...


Quality Greens expands

Sep 29, 2016 / 10:37 am
Quality Greens is set to open its fifth store in the Valley. The new location, at Lakeshore and Collette roads in Kelowna's Mission area, has been under construction since early March. It will open Wednesday. The roughly 5,000-square-foot store offers a community-style table with...

Talk radio for music fans

Sep 29, 2016 / 9:58 am
It seems like a contradiction in terms, but the SiriusXM satellite radio network is launching a talk channel devoted to music. Volume, a mix of talk shows, interviews and even a quiz show, will debut Oct. 17. Lady Gaga, Robert Plant, David Crosby and T.I. will be among the musician guests during...

Gold miners report merger

Sep 29, 2016 / 9:57 am
Kirkland Lake Gold Inc. (TSX:KLG) and Vancouver-based Newmarket Gold Inc. (TSX:NMI) announced a merger deal Thursday to create a new mid-tier producer. The proposed agreement would result in a company with a market capitalization of $2.4 billion that can produce about 500,000 ounces of gold...

Sending money overseas

Sep 29, 2016 / 9:49 am
Several years ago, while studying abroad, Anton Malkin found himself facing an unexpected challenge. Malkin, 30, was living in China while completing research for his graduate studies, but his income from teaching and scholarships was in Canada. Every few months he found himself wiring anywhere...

Uniqlo dips toes in Canada

Sep 29, 2016 / 9:41 am
When Japanese apparel retailer Uniqlo decided to open its first location in Canada, it sent Yasuhiro Hayashi to Toronto every month for nearly a year to get a read on the Canadian customer. During each visit, Uniqlo Canada's chief operating officer would spend the week taking notes on what...

BlackBerry fans bemoan loss

Sep 29, 2016 / 6:43 am
BlackBerry addicts are notoriously loyal, but even they will have a hard time sticking by their beloved device now that BlackBerry Ltd. is outsourcing production, say observers who admit to being diehard users themselves. News that the Waterloo, Ont.-based company will stop making their own...

Did pressure rush pipeline?

Sep 28, 2016 / 4:33 pm
An Alberta First Nation says court documents suggest political and industry pressure hustled approvals for an oilsands pipeline through regulators and reduced aboriginal consultation. "Our concern is that this project was being pushed through too quickly and it would not meet the standards...

Possible OPEC deal ups oil

Sep 28, 2016 / 1:52 pm
Word of a possible deal to freeze oil production among OPEC members sent the price of crude soaring, driving up both the Toronto stock market and the Canadian dollar. The S&P/TSX composite index climbed 173.39 points to 14,731.43, as energy stocks led the pack. The November crude oil...

Diversification paying off

Sep 28, 2016 / 1:17 pm
Premier Rachel Notley says Alberta's economic diversification strategy is beginning to pay dividends in the bio-products industry. Notley says the province, working with the University of Alberta, has helped Edmonton-based firm Ceapro develop and sell an advanced oat-oil extraction...

Subscribers prep to binge

Sep 28, 2016 / 12:07 pm
Shomi subscribers are preparing to binge watch as they try to figure out their consumer options after learning this week the streaming service is shutting down at the end of November. "I'm pretty sad about it, just because Shomi has a lot of content not only that I want to watch but...

Licence needed for Airbnb?

Sep 28, 2016 / 10:35 am
Vancouver is proposing a new business-licence system for short-term rentals through websites like Airbnb to deal with "dangerously" low vacancy rates. Mayor Gregor Robertson says the new regulations would allow short-term rentals in principal residences that are either owned or...

Focus hatchback recall

Sep 28, 2016 / 8:15 am
Ford is recalling about 74,000 Focus hatchback cars with manual transmissions in the U.S. and Canada because the hatches can be unlatched too easily while the cars are moving. The recall covers certain Focus hatchback and RS vehicles from the 2013 through 2017 model years. The company says the...

Big shift for BlackBerry

Sep 28, 2016 / 6:55 am
BlackBerry says it plans to stop making its signature smartphones, signalling a strategic shift for a company that built its reputation on innovative smartphone technology created at its base in Waterloo, Ont. All internal hardware development will be outsourced to BlackBerry's partners, the...

Beer merger clears hurdle

Sep 28, 2016 / 6:47 am
A deal worth over $100 billion to combine the world's two biggest beer companies cleared its last major hurdle Wednesday when the shareholders of SABMiller approved the takeover by Budweiser maker Anheuser-Busch InBev. SABMiller shareholders approved the 79 billion pound ($103 billion) deal...

Vancouver tops bubble risk

Sep 27, 2016 / 3:37 pm
When it comes to overpriced real estate, Vancouver's "bubble risk" is unmatched on the planet, according to a report by Swiss bank UBS. The rise in Vancouver's average housing prices compared with the growth in average wages, rents and other economic factors make it the most...

Cattle feeders fear tax

Sep 27, 2016 / 3:04 pm
Feedlot operators in the heart of Canada's largest cattle-producing region are warning that a municipal tax introduced this past spring will result in more cattle feeders going out of business, days after one of them announced it would close. Rick Paskal, president of Van Raay Paskal Farms...

Amazon same-day delivery

Sep 27, 2016 / 10:35 am
Online retailer Amazon says customers in Toronto and Vancouver that are signed up for its Prime service are now eligible for same-day deliveries as part of their premium plan. The offer is good for eligible orders over $25. The Seattle-based company says eligible purchases placed in the...

Rogers beefs up radio assets

Sep 27, 2016 / 10:33 am
Rogers Media has signed an agreement to buy Tillsonburg Broadcasting Company Ltd., which owns the radio licences for CJDL-FM and CKOT-FM, which are marketed as Country 107.3 and Easy 101. The two brands serve London, Kitchener-Waterloo, Woodstock, St. Thomas and smaller communities in...

Less pay for Alberta workers

Sep 27, 2016 / 10:31 am
Hard economic times have prompted an organization that bargains for Alberta's unionized building trades to sign a deal that includes lower pay for some workers in the hope of keeping them on the job. The agreement that is to start Jan. 1 covers employees who do daily upkeep and prepare for...

Clean Power goes to court

Sep 27, 2016 / 7:09 am
The federal appeals court in Washington began hearing oral arguments Tuesday in the legal fight over President Barack Obama's plan to curtail greenhouse gas emissions. The Clean Power Plan, which aims to slow climate change by reducing power-plant emissions by one-third, has been challenged...

Lumber giant faces charges

Sep 27, 2016 / 6:28 am
The Alberta government has charged a pulp mill with several offences under the Environmental Protection Act. West Fraser Mills in Hinton, Alta., faces a total of six charges after the release of a substance in September 2014 that allegedly wasn't immediately reported to Alberta...

Shomi to pull the plug

Sep 26, 2016 / 2:35 pm
Video streaming service Shomi announced Monday it will shut down at the end of November, two years after it launched. "The business climate and online video marketplace have changed markedly in the last few years," David Asch, senior vice-president and general manager for Shomi, said...

Magna to acquire BOCO

Sep 26, 2016 / 12:27 pm
Magna International Inc. (TSX:MG) will increase its capacity to make automotive latches, hinges and other closure components through the purchase of the BOCO Group of Companies, in a transaction announced Monday. The Ontario-based auto parts company didn't disclose the purchase price but...

GoodLife Fitness expanding

Sep 26, 2016 / 9:16 am
GoodLife Fitness says it will be adding 600 positions between now and next August as it expands its club network in several provinces. The company, based in London, Ont., has announced plans for 15 new GoodLife clubs — about half of them in various Ontario cities. It's also adding...

Pfizer won't break up

Sep 26, 2016 / 9:14 am
Drug giant Pfizer says it won't split into two publicly traded companies, despite pressure from investors frustrated by its lagging stock price, ending years of Wall Street speculation over its strategy and future. The biggest U.S.-based drugmaker said Monday it believes it is best...

GM workers vote on deal

Sep 25, 2016 / 7:27 am
Unionized workers at General Motors will decide today whether to accept a new contract with the auto giant. Unifor is holding votes in three Ontario communities: Oshawa, St Catharines and Woodstock. The union says results are expected sometime in the evening. GM and Unifor hammered out the...

'Golden decade of trade'

Sep 24, 2016 / 7:54 am
Calling for a "new golden decade" in China-Canada relations, Chinese Premier Li Keqiang said Friday he wants to return to the days when his country had better relations with Canada than it did most other western countries. Trade between the two nations should more than double over the...

Inflation dips to 1.1%

Sep 23, 2016 / 6:44 am
The country's annual inflation rate was an unexpectedly low 1.1 per cent in August as lower fuel prices dragged it to the lower reaches of the Bank of Canada's target range. Statistics Canada's latest reading of the consumer price index was weaker than the 1.3 per cent year-over-year...

Code-share deal for WestJet

Sep 22, 2016 / 10:00 am
WestJet Airlines Ltd. (TSX:WJA) has signed a code-share agreement with Hainan Airlines that will see the Chinese carrier place its HU code on WestJet-operated flights. The agreement builds on an existing interline agreement that has been in place since 2013. Code-sharing allows an airline to...

Investing in what you know

Sep 22, 2016 / 9:46 am
It's something financial planner Mark Coutts sees from time to time. Clients comes into his Toronto office and tell him they want to invest in a company's stock based solely on its brand-name recognition. Often, it's an investment strategy he cautions against. "Just...

Genius grants announced

Sep 22, 2016 / 9:13 am
Gene Luen Yang, a prize-winning author and the national ambassador for young people's literature, and Claudia Rankine, one of poetry's brightest and most innovative stars, are among this year's 23 MacArthur fellows and recipients of the so-called "genius" grants. The...

Cargo stranded in crisis

Sep 22, 2016 / 6:49 am
Hanjin Shipping is to receive as much as $100 million in additional funds to resolve the cargo crisis caused by its slide toward bankruptcy. Hanjin's lead creditor, Korea Development Bank, said Thursday it will offer a credit line of 50 billion won ($45 million) to help the shipper unload...

Ex-Starkey execs indicted

Sep 21, 2016 / 5:41 pm
Three former executives of Minnesota-based Starkey Hearing Technologies took part in a conspiracy to embezzle more than $20 million from the hearing aid maker and its principal owner, the U.S. Attorney's office alleged Wednesday. According to an indictment, between 2006 and last September,...
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