Business Buzz

Oil prices continue slide
The Canadian Press - 4:43 pm - Business Buzz

TORONTO — Canada’s largest stock index ended a down week in the black Friday as gold pushed the loonie and the materials sector higher and oil endured its sixth consecutive week of declining prices. The January crude contract was unchanged at US$56.68 per barrel Friday but was down almost six per cent for the week […]

Tragedy at Alberta workplace
The Canadian Press - 10:15 am - Business Buzz

LEDUC, Alta. — RCMP say three men have died in a workplace accident in an industrial area just south of Edmonton. Police, firefighters and emergency crews responded Thursday afternoon to a call at Millennium Cryogenic Technologies in Leduc. Leduc Mayor Bob Young says it isn’t clear what happened at the worksite in the Leduc Business […]

CUPW has ‘injury crisis’
The Canadian Press - Nov 15 - Business Buzz

OTTAWA — Canada Post’s latest contract offers to its workers has positives but not enough to put an end to rotating walkouts that are causing mail and parcel delivery delays across the country, the head of the Canadian Union of Postal Workers said Thursday after reviewing the lengthy proposals. And CUPW national president Mike Palecek […]

Homes sales keep falling
The Canadian Press - Nov 15 - Business Buzz

TORONTO — Canadian home sales fell for a second month in a row in October, as sold prices and the number of new listings also dropped, an indicator that the national real estate market remains in a more balanced territory. The Canadian Real Estate Association says home sales across the country through its multiple-listing service […]

Staging business red hot
The Canadian Press - Nov 15 - Business Buzz

TORONTO — Real estate markets across the country may be showing signs of softening, but home stager Monique Shaw says her business has been booming. “People were using staging as a way to sell in a hot market,” said the owner of Homes Beautifully by Monique Shaw in Calgary. “But we’re still finding the opposite, […]

Canada Post issues offer
The Canadian Press - Nov 14 - Business Buzz

OTTAWA — Canada Post has issued what it calls a “time-limited” contract offer to its employees in hopes of ending rotating strikes that have created a historic backlog of undelivered parcels. The offer came just hours after online sales and auctioning giant eBay called on the federal government to legislate an end to the Canada […]

E-cig rules differ in Canada
The Canadian Press - Nov 14 - Business Buzz

An American e-cigarette maker will continue selling mango, fruit, and cucumber flavoured pods in Canadian convenience and vape shops, despite no longer doing so south of the border because they might entice young people to use its products. “The Canadian and U.S. markets are very different,” said an e-mailed statement from Juul Labs in response […]

Canopy shares tumble
The Canadian Press - Nov 14 - Business Buzz

TORONTO — Canopy Growth Corp.’s shares fell more than 10 per cent after the cannabis producer reported a wider quarterly loss and revenue slowdown as operating expenses soared ahead of Canada’s legalization of recreational pot, which also served as a “distraction” for medical patients. The slowdown in revenues during the quarter ended Sept. 30 stemmed […]

Amazon passes on Toronto
Kirk Penton - Nov 13 - Business Buzz

TORONTO — Amazon will be spreading its highly anticipated second headquarters over two North American locations but confirmed on Tuesday that it will not be calling Canada home. The retail behemoth announced that its new main base—popularly dubbed HQ2—will be divided between New York City and Arlington, Va., putting an end to Toronto’s hopes of […]

Aurora ramps up supply
The Canadian Press - Nov 12 - Business Buzz

TORONTO — Aurora Cannabis saw “strong demand” for recreational pot during the initial few weeks of legalization in Canada, and it expects consumer appetite to continue to outstrip supply for “some time.” The Edmonton-based pot producer was able to meet “just about all” of its supply obligations leading up to and after pot for adult […]