Keurig creates a giant

Keurig is buying Dr. Pepper Snapple Group Inc., creating a beverage giant with about $11 billion in annual sales. The companies, both the result of previous mergers, will bring under one tent global brands like Dr Pepper, 7UP, Snapple, A&W, Mott’s, Sunkist and Keurig’s single-serve coffee makers. Keurig Green Mountain Inc. said Monday that Dr. […]

Apotex CEO steps down

The chief executive of a Canadian generic drug company whose founder was found dead last month has stepped down. Dr. Jeremy Desai had been CEO of Apotex since 2014. Apotex spokesman Jordan Berman said Friday he didn’t know why Desai was leaving but said he resigned to pursue other opportunities. The company’s founder, Barry Sherman, […]

Inflation slows in December

The annual pace of inflation slowed in December compared with November as gains in the price of gasoline eased up, Statistics Canada said Friday. The agency said the consumer price index for the final month of 2017 was up 1.9 per cent compared with the same month a year earlier. That compared with a reading […]

Moving carefully on Keystone

The head of TransCanada Corp. said Thursday he’s still optimistic about Canada’s liquefied natural gas export prospects and that the company is proceeding very carefully on its controversial Keystone XL pipeline. Speaking at an investment conference in Whistler, B.C., Russ Girling said the company sees an emerging window of demand opportunity in 2022 for the […]

Business tax cuts in Que.

The Quebec Liberals are planning to cut taxes for small- and medium-sized businesses in the next provincial budget, Premier Philippe Couillard said Thursday. He told reporters accompanying him on a trade mission to China that those businesses find themselves under increased pressure due to changes to pension rules and an impending hike to the minimum […]

Illegal cannabis cash crop

A new, provisional estimate by Statistics Canada suggests $1.2 billion worth of cannabis produced in Canada last year was illegally sold outside the country. The federal agency is releasing fresh cannabis-related figures as it tries to assess the magnitude of the black market in preparation for Ottawa’s expected plan to legalize recreational weed later this […]

Short-term fixes short sighted

Freshii CEO Matthew Corrin says his eatery implemented a number of solutions ahead of Ontario’s minimum wage hike rather than rely on short-term cost-cutting that could compromise its culture in the long run. He says when hourly workers are offered roughly the same pay by a number of employers, it’s important to differentiate a company […]

SEC probing GE

General Electric is being investigated by federal regulators for a $15 billion hit it took to cover miscalculations made by an insurance unit. The company revealed last week that it would take a $6.2 billion charge in its fourth quarter after a subsidiary, North American Life & Health, underestimated how much it would cost to […]

Friendly pot deal done

Aurora Cannabis Inc. has struck a friendly deal valued at $1.1 billion to buy rival licensed producer CanniMed Therapeutics Inc., bringing an end to a hostile takeover battle between the marijuana companies. Under the agreement, Aurora has agreed to pay $43 per share in stock and cash for each CanniMed share. That’s up from its […]

National Bank building

National Bank announced plans to build a new head office in downtown Montreal. The bank says its new headquarters will be at the corner of St-Jacques St. and Robert-Bourassa Blvd. It says the building concept will be finalized over the coming months through an architectural competition. The use of materials and services from Quebec and […]