Business Buzz


Moving on net neutrality
The Canadian Press - Mar 06, 2018 - Business Buzz

Washington became the first state Monday to set up its own net-neutrality requirements after U.S. regulators repealed Obama-era rules that banned internet providers from blocking content or interfering with online traffic. “We know that when D.C. fails to act, Washington state has to do so,” Gov. Jay Inslee said before signing the measure that lawmakers […]

GTA home sales down 35%
The Canadian Press - Mar 06, 2018 - Business Buzz

Canada’s largest real estate board says home sales in the Greater Toronto Area fell nearly 35 per cent year-over-year in February, as selling prices dropped more than 12 per cent. The Toronto Real Estate Board reported 5,175 residential transactions through TREB’s MLS system last month, down 34.9 per cent compared to the record 7,955 sales […]

Sears payments investigated
The Canadian Press - Mar 05, 2018 - Business Buzz

Superior Court has appointed a litigation investigator to review $3 billion in payments made to Sears Canada shareholders, while the company’s pension fund had a nearly $300 million shortfall. The court has ordered litigation investigator Lax O’Sullivan Lisus Gottlieb LLP to look into the claims and report to a committee of creditors with recommendations about […]

Trump: tariffs NAFTA dependant
The Canadian Press - Mar 05, 2018 - Business Buzz

President Donald Trump has lobbed a grenade of uncertainty onto the NAFTA negotiating table, suggesting that tariffs on Canadian and Mexican steel are now dependent on whether the countries agree to a new trade pact. “We’re not backing down… Right now, 100 per cent (chance we proceed with tariffs),” Trump said Monday in the Oval […]

CN Rail needs new leader
The Canadian Press - Mar 05, 2018 - Business Buzz

Canadian National Railway Co. has replaced president and chief executive Luc Jobin, saying its board of directors believes the company needs a more energetic leader who will speed up execution of its strategic vision. The Montreal-based company also said it recognizes the railway has had operational and customer service challenges since last fall when it […]

Tariffs mean ‘collateral damage’
The Canadian Press - Mar 02, 2018 - Business Buzz

Canada’s metal producers are urging the government to push back against an American plan to slap steep tariffs on aluminum and steel imports, saying they are being unfairly targeted in a sweeping strategy aimed at protecting U.S. companies from state-sponsored Chinese producers. President Donald Trump announced Thursday he intends to impose duties of 25 per […]

WTO trade war warning
The Canadian Press - Mar 02, 2018 - Business Buzz

The World Trade Organization warned Friday that U.S. President Donald Trump is risking an economically damaging trade war if he goes ahead with plans to impose steep tariffs on steel and aluminum imports. Trump, who has long railed against what he deems unfair trade practices by China and others, said Thursday he planned to levy […]

Pot deal up in smoke
The Canadian Press - Mar 02, 2018 - Business Buzz

Medical cannabis company Maricann Group Inc. says a $70 million financing deal announced last month has fallen through after the companies behind it terminated an underwriting agreement. The decision by Eight Capital, Canaccord Genuity Corp., GMP Securities L.P., Industrial Alliance Securities Inc. and Clarus Securities Inc. follows the resignation Wednesday of Maricann’s chairman Neil Tabatznik […]

Canadian auto sales strong
Trevor Nichols - Mar 01, 2018 - Business Buzz

DesRosiers Automotive Consultants says new light vehicle sales continue to defy expectations this year as February saw record sales for the month. The consulting firm says, combined with a record result in January, sales in the first two months of 2018 were up 3.8 per cent compared with the same period in 2017. February sales […]

Solid quarter for Can. banks
The Canadian Press - Mar 01, 2018 - Business Buzz

Canada’s biggest banks wrapped up another solid quarter of better-than-expected results, shrugging off hefty writedowns and worries about the domestic housing market with robust growth beyond the country’s borders. TD, the last of the big banks to report its results, said Thursday it earned $2.353 billion for the period ended Jan. 31, marking a seven […]