Business Buzz

Cable companies fight back
The Canadian Press - Sep 13, 2019 - Business Buzz

TORONTO — Six of Canada’s largest cable companies have asked a federal court to hear their appeal of a dramatic reduction in the wholesale rates they are allowed to charge independent internet providers. Filings on behalf of Rogers Communications Inc., Shaw Communications Inc., Videotron Ltd., Cogeco Communications Inc. and Eastlink say the CRTC made “numerous […]

Brexit could hurt fashion
The Canadian Press - Sep 13, 2019 - Business Buzz

LONDON — British fashion officials are warning about the perils of a “no-deal” Brexit as London Fashion Week begins. At an opening event Friday, Stephanie Phair, chairwoman of the British Fashion Council, said the industry is urging Britain’s government to find a Brexit deal rather than leave the European Union without new arrangements in place. […]

Realtors make election requests
The Canadian Press - Sep 12, 2019 - Business Buzz

TORONTO — Real estate associations representing nearly three-quarters of the Realtors in Canada have called for federal parties to commit to ease mortgage rules as the election campaign gets underway. Organizations representing Realtors and brokers in Toronto, Vancouver, Calgary, Edmonton, Quebec and Nova Scotia say too much regulation makes ownership unaffordable. With the federal election […]

Legendary oil tycoon passes
The Canadian Press - Sep 11, 2019 - Business Buzz

OKLAHOMA CITY — T. Boone Pickens, a brash and quotable oil tycoon who grew even wealthier through corporate takeover attempts, died Wednesday. He was 91. Pickens was surrounded by friends and family when he died of natural causes under hospice care at his Dallas home, spokesman Jay Rosser said. Pickens suffered a series of strokes […]

Loss takes root at Roots
The Canadian Press - Sep 11, 2019 - Business Buzz

Roots Corp. lost nearly $9.7 million in its latest quarter, the clothing retailer said Wednesday as it missed expectations and announced it will fall short of its financial guidance for the year. “Store traffic continues to be a challenge,” said CEO Jim Gabel, adding weekday sales are not hitting company targets. Some of the traffic […]

Apple joins streaming game
The Canadian Press - Sep 10, 2019 - Business Buzz

TORONTO — As if there wasn’t enough to watch on TV already, Apple is throwing its hat into the streaming wars this fall, with a roster of original programs it hopes will lure viewers away from Netflix and other competitors. Apple TV Plus has marked Nov. 1 as the Canadian launch date for a selection […]

Restaurants want to sell booze
The Canadian Press - Sep 10, 2019 - Business Buzz

Restaurants Canada wants provincial governments to allow all restaurants and bars to sell customers alcohol to take home or deliver it to them. The national association says licensed food service establishments have been largely shut out from being able to sell alcoholic drinks for off-site consumption, despite liquor retail opportunities expanding across the country. It […]

Shopify spends big to compete
The Canadian Press - Sep 09, 2019 - Business Buzz

OTTAWA — Shopify Inc. says it will buy fulfilment solutions company 6 River Systems Inc. in a US$450 million cash and share deal as it looks to push further into the warehousing and shipping side of online retail. Ottawa-based Shopify says the acquisition will give it access to fulfilment software and robotics, including mobile robots […]

Nearly million Rams recalled
The Canadian Press - Sep 09, 2019 - Business Buzz

DETROIT — Fiat Chrysler is adding more than 875,000 Ram pickup trucks worldwide to a series of recalls to fix tailgates that can open while the trucks are being driven. The expansion covers certain Ram 1500, 2500 and 3500 pickups from the 2013 through 2018 model years that have power locking tailgates. Affected 2015 through […]

Disabled fliers feel left out
The Canadian Press - Sep 09, 2019 - Business Buzz

MONTREAL — Tracy Odell recalls with a mix of pride and pain the sunny spring day two years ago that her daughter got married in California. Pride in the milestone. Pain at having to miss it. Airlines, she said, effectively failed to accommodate her disability, a problem that thousands of Canadians continue to face despite […]