Uber, Lyft, unhappy in MB
Manitoba’s Public Utilities Board has approved new insurance rates for ride-hailing company drivers that businesses such as Uber and Lyft have said will keep them setting up shop in Winnipeg. The board has given approval to a Manitoba Public Insurance application that calls for an add-on to the drivers’ basic insurance, which would be based […]
Pot boosts Toronto stocks
Canada’s main stock index was up in late-morning trading amid gains in the health-care sector. The S&P/TSX composite index was up 42.97 points to 16,351.15, after 90 minutes of trading. The increase came as shares of licensed marijuana producer Aphria Inc. gained more than 15 per cent as it climbed $2.97 to $20.99 on the […]
Year of the truck in Detroit
It’s the year of the pickup truck at the 2018 North American International Auto Show in Detroit as General Motors, Fiat Chrysler and Ford unveil new trucks in a fast-growing and highly competitive U.S. auto market. Fiat Chrysler will roll out a redesigned Ram truck, while GM’s Chevrolet brand is showing off the new Silverado. […]
VW to pay $290 million
Volkswagen has reached a $290.5-million deal to settle claims in Canada covering 20,000 3.0-litre Volkswagen, Audi and Porsche diesel vehicles that were caught up in an emissions cheating scandal. The agreement was reached by Volkswagen and Canadian class counsel in consultation with the Commissioner of Competition. In addition to the proposed class settlement, which is […]
Some Timmies prices rising
The parent company of Tim Hortons says restaurants in select markets have increased prices on certain breakfast items. Restaurant Brands International (TSX:RBI) of Oakville, Ont., says regular price adjustments are “a normal part of the restaurant business.” The increases come after the company landed in hot water with consumers when it was revealed some franchisees […]
December Inflation dips
The December increase in consumer prices followed a sharper 0.4 per cent increase in November, the Labor Department reported Friday. The December gain was the smallest advance since October. Over the past 12 months, overall inflation is up 2.1 per cent while core inflation, which excludes volatile food and energy costs, rose 1.8 per cent. […]
Wineries worry, shiver
Ontario’s wine makers and grape growers are nervously watching the weather, fearing that this year’s harvest could be literally nipped in the bud by an unusually cold winter. “We’ve gotten very close to the critical temperatures for bud survival for vines for next year’s crop,” says Matthew Speck, the viticulturist at his family’s vineyard and […]
NAFTA: what if US quits?
As NAFTA talks enter their most sensitive phase, a fever of speculation has broken out about whether Donald Trump might soon announce his intention to withdraw from NAFTA—and it’s likely to last a while. With only couple of months left in the currently scheduled rounds of talks, Canada will be keeping an ever-closer eye on […]
Walmart raises starting wage
Walmart, the world’s largest private employer, is boosting its starting salary for U.S. workers to $11 an hour, giving a one-time cash bonus of up to $1,000 to eligible employees and expanding its maternity and parental leave benefits. The retailer said Thursday that changes to its compensation and benefits policy will impact more than a […]
NAFTA jitters after complaint
Prepare for a tense moment in Canada-U.S. relations — with hard bargaining on NAFTA on the horizon prompting nervous glances at Donald Trump to see whether he cancels the agreement, now compounded by a bitter, wide-ranging trade dispute. Canada launched a broad attack against American trade practices in an international complaint about the superpower’s use […]
