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Business News Feb 4 to 10, 2018

Labels for high fat, sugar

Feb 9, 2018 / 3:56 pm

The federal government wants to make it easier for consumers to choose healthy foods with front-of-package warnings on items that contain high levels of sodium,...

Biggest drop since 2009

Feb 9, 2018 / 3:48 pm

The vigour that carried the Canadian labour market on its impressive run in 2017 hit a speed bump to start this year with its largest one-month job drop in nine...

Union complaint at WestJet

Feb 9, 2018 / 10:59 am

The union that represents WestJet and WestJet Encore pilots says it has filed an unfair labour practice complaint over the airline's recruitment of pilots...

Min wage up, p/t jobs down

Feb 9, 2018 / 9:48 am

Ontario shed 59,300 part-time jobs in January as the province implemented a $2.40 cent minimum wage hike at the start of the month. Statistics Canada says the...

Break up NAFTA: no gracias

Feb 9, 2018 / 9:30 am

Mexico's chief NAFTA negotiator is brushing off the idea of breaking the three-country agreement into separate one-on-one deals. Kenneth Smith Ramos is...

U.S. tobacco buys Canadian

Feb 9, 2018 / 7:56 am

A U.S. tobacco leaf merchant has acquired majority stakes in a PEI licensed medical marijuana producer and a cannabis company that is developing indoor growing...

January job numbers drop

Feb 9, 2018 / 7:10 am

The number of jobs in Canada fell by 88,000 in January to give the labour market its steepest one-month drop in nine years, Statistics Canada said Friday. The...

Solar manufacturers sue

Feb 8, 2018 / 3:57 pm

Three Canadian solar panel manufacturers have filed a lawsuit against the U.S. government over the 30 per cent tariff it set on solar cell imports last month....

2-year energy approvals

Feb 8, 2018 / 12:57 pm

Major new energy projects will have to be assessed and either approved or denied within two years under a massive new national assessment bill being introduced...

Rexall stocks OD kits

Feb 8, 2018 / 12:01 pm

Rexall Pharmacy Group Ltd. says a naloxone kit is now available at each of its Canadian stores to help prevent opioid overdose deaths. The company says it...

Twitter turns first profit

Feb 8, 2018 / 6:58 am

Twitter beat Wall Street's cautious expectations with its first quarterly profit in history, but that isn't going to solve the company's broader...

41% of companies hacked

Feb 8, 2018 / 6:56 am

A new study suggests nearly 90 per cent of Canadian organizations suffered at least one security breach last year and sensitive data was exposed almost half of...

Still committed to NAFTA

Feb 8, 2018 / 6:51 am

The United States is stressing its support for renegotiating a three-country NAFTA agreement after comments from an American lawmaker suggesting it was...

Telus profits increase

Feb 8, 2018 / 6:49 am

Telus Corp. reported a fourth-quarter profit of $282 million as its revenue improved nearly five per cent compared with a year ago. The telecommunications...

Suncor hikes dividend

Feb 8, 2018 / 6:32 am

Suncor Energy Inc. is making good on its promise to return cash to shareholders, announcing a 12.5 per cent increase to its dividend as it reports...

Twitter posts big numbers

Feb 8, 2018 / 5:11 am

Twitter is reporting fourth-quarter net income of $91.1 million, swinging to a profit a year after reporting millions in losses last year. Shares of Twitter...

Lululemon sues copycats

Feb 7, 2018 / 2:45 pm

Lululemon Athletica Canada Inc. filed a lawsuit Monday against a group of unidentified counterfeiters who allegedly worked together to sell knock-off Lululemon...

Do-it-yourself casket

Feb 7, 2018 / 2:41 pm

It has been called the Ikea of the coffin world: A ready-to-assemble casket kit. New Brunswick woodworker Jeremy Burrill has been selling simple pine caskets...

Feds urged to step in

Feb 7, 2018 / 2:29 pm

The head of Kinder Morgan Canada Ltd. has joined growing calls for the federal government to step into the dispute between Alberta and British Columbia over oil...

Housing gap hot spots

Feb 7, 2018 / 1:54 pm

Toronto and Vancouver's real estate markets have responded to surging prices and a growing demand for homes with a supply of new housing that is...

L.A. Times sold for $500M

Feb 7, 2018 / 11:30 am

A billionaire doctor struck a $500 million deal Wednesday to buy the Los Angeles Times, ending the paper's quarrelsome relationship with its Chicago-based...

Calm down, says Manitoba

Feb 7, 2018 / 11:00 am

Manitoba Premier Brian Pallister says increasing regional tensions and economic uncertainty over the future of the Trans Mountain pipeline project should be...

Market high on pot

Feb 7, 2018 / 8:10 am

Canada's main stock index headed higher in early trading, boosted by gains in the health care sector which included the volatile marijuana space. The...

LA Times are a changin'

Feb 7, 2018 / 8:05 am

The Los Angeles Times is being sold to a local billionaire for $500 million, ending its strained tenure under the owner of the Chicago Tribune. Dr. Patrick...

Buy American retaliation

Feb 7, 2018 / 6:55 am

Ontario is about to introduce a bill allowing it to retaliate against any state that adopts Buy American provisions, then plans to start a national conversation...

World markets rebound

Feb 7, 2018 / 5:08 am

Global shares were mixed Wednesday in a fitful rebound from the rout suffered earlier in the week. France's CAC 40 rose 0.5 per cent to 5,187.38 in early...

'Lady Doritos' are no joke

Feb 6, 2018 / 2:50 pm

The maker of Doritos is hardly in a crunch after chatter about the potential for daintier corn chips marketed towards women sparked a visceral viral reaction...

Lulu explanation falls short

Feb 6, 2018 / 10:38 am

Shareholder advocates and analysts are calling on Lululemon Athletica for more disclosure surrounding the abrupt departure of its chief executive who "fell...

A new breed of traveller

Feb 6, 2018 / 10:33 am

Nearly a week after launching ticket sales for its ultra-low-cost carrier Swoop, WestJet Airlines Ltd. says it hasn't lost business at its main airline,...

Canada's trade deficit grows

Feb 6, 2018 / 6:58 am

Statistics Canada says the country's merchandise trade deficit increased to $3.2 billion in December as rising imports outpaced export growth —...

US trade gap hits $566B

Feb 6, 2018 / 6:55 am

The U.S. trade deficit hit the highest level in nine years in 2017, defying President Donald Trump's efforts to bring more balance to America's trade...

Making sense of market

Feb 6, 2018 / 6:29 am

Stumble, fall or crash? Investors may be wondering what to make of the dramatic sell-off in the stock market after months of tranquility. A slide that started...

WestJet reports profit down

Feb 6, 2018 / 5:16 am

WestJet Airlines Ltd. saw its fourth-quarter profit fall compared with a year ago as its costs rose. The airline says it earned $48.5 million or 42 cents per...

Global stocks tumble

Feb 6, 2018 / 5:13 am

Stock markets around the world took a battering Tuesday, following a dramatic sell-off on Wall Street that triggered concerns that a potentially healthy...

Lululemon CEO turfed

Feb 5, 2018 / 1:51 pm

Lululemon Athletica says its CEO has left the company after failing to meet its standards of conduct. The company says in a statement that it "expects all...

Dark day on stock markets

Feb 5, 2018 / 1:49 pm

North American markets extended last Friday's slump, as the Dow Jones industrial average plunged nearly 1,600 points during today's trading session. In...

New CEO at the Bay

Feb 5, 2018 / 1:37 pm

A former executive with the CVS pharmacy chain will be the new CEO for Hudson's Bay Co., Canada's oldest company and owner of Saks Fifth Avenue and...

SpaceX's hot new monster

Feb 5, 2018 / 10:32 am

SpaceX's hot new monster rocket makes its launch debut this week, blasting off from the same pad that hoisted men to the moon a half-century ago. The Falcon...

Google-Uber court fight

Feb 5, 2018 / 10:03 am

A Google-bred pioneer in self-driving cars and Uber's beleaguered ride-hailing service are colliding in a courtroom showdown revolving around allegations of...

Mortgage rejections soar

Feb 5, 2018 / 6:53 am

Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after...

Best Super Bowl ads

Feb 5, 2018 / 6:46 am

During advertising's biggest showcase, tame humour and messages about social causes ruled the day. Slapstick humour, sexual innuendo and chest thumping...

Grading the Super Bowl

Feb 5, 2018 / 5:14 am

This year's Super Bowl ads ran the gamut from tame humour to ... tame messages about social causes. After a divisive year, advertisers during the Big Game...

Cannabis retail stores

Feb 5, 2018 / 5:12 am

Aurora Cannabis Inc. has signed a deal to buy a minority stake in Liquor Stores N.A. Ltd., which plans to launch a brand of cannabis retail stores. Under the...

Canadian business this week

Feb 4, 2018 / 7:51 am

Five things to watch for in the Canadian business world in the coming week: Reading the BoC tea leavesEconomists and investors will be all ears when senior...

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