$120 million meal-kit industry

Matthew Richardson decided it was finally time to change his cooking habits. After moving in with his girlfriend this past summer, Richardson, 36, figured they should put a stop to their frequent eating out and make a real effort to prepare their own meals at home. But he didn’t know where to start. Elaborate recipes […]

Bitcoin investor frenzy

The investor frenzy driving bitcoin prices to precipitous heights is playing out on stock markets as well, as companies shift focus to cryptocurrencies to get in on the latest boom. “People are trying to surf off the wave of bitcoin by strategically changing their name,” said Jean-Philippe Vergne, co-director of the Scotiabank Digital Banking Lab […]

Canadian food bills rising

Canadians are eating out more and can expect to pay extra to do so in 2018, suggests a forward-looking report into food prices. Food inflation overall is expected to rise between one and three per cent next year, says Canada’s Food Price Report, which was crafted jointly for the first time by researchers at Dalhousie […]

Major pot-industry expansion

Shares of Hydropothecary Corp. were up nearly 18 per cent after the licensed medical cannabis producer announced plans that will see it further grow its operations in Quebec. The company says it has acquired property adjacent to its existing facility in Gatineau, Que., to construct a new 93,000-square-metre greenhouse, increasing its production capacity to 108,000 […]

More pot tax to provinces

Canada’s finance ministers struck a deal Monday on how they plan to share tax revenues during the cost-heavy startup phase of a legalized marijuana market — but they also kept their options open, just in case lucrative days lie ahead. The new agreement will see the federal government give the provinces and territories a 75 […]

Apple buying Shazam

Apple has bought Shazam, the maker of a song-recognition app that Apple’s digital assistant Siri has already been using to help people identify the music playing on their iPhones. The companies didn’t disclose the price of the acquisition announced Monday. Technology news site Recode previously reported Apple is paying about $400 million for Shazam, citing […]

Bitcoin futures soar

Bitcoin’s debut on a major U.S. exchange is a hit so far, with the price of the first-ever futures contract for the virtual currency rising 18 per cent. The futures contract that expires in January surged $2,730 to $18,190 Monday morning on the Chicago Board Options Exchange. Trading began Sunday, and the price rose as […]

Pot talks continue

Finance Minister Bill Morneau can expect a lot of provincial hands reaching for the federal purse strings when he sits down with his counterparts in Ottawa today. The issue of who should get the lion’s share of revenue from legalized cannabis is expected to be a major bone of contention. The provinces and territories say […]

No opt out for pot shops

Communities across Ontario cannot opt out of hosting a government-run pot shop if they are selected for a site. Ontario’s Ministry of Finance says that if a community is selected to host one of the cannabis shops it could delay hosting the store but cannot completely opt out of having it. Earlier this week, a […]

Boeing not backing down

Boeing has weighed in on the Trudeau government’s plan to buy second-hand fighter jets from Australia, saying it respects the decision. but has no intention of abandoning its trade dispute with Canadian rival Bombardier. The U.S. aerospace giant was primed to sell 18 of its Super Hornet fighters at an estimated cost of $6 billion […]