Competition Bureau wants answers
GATINEAU, Que. — The Competition Bureau issued a call-out Monday, seeking information from grocery retailers and those in the real estate business about restrictive real estate clauses in the Canadian grocery industry. The regulator said it is seeking input from those in the sector about the restrictions, often referred to as property controls, both in […]
McDonald’s not endorsing Trump
McDonald’s Corp. agreed to host former President Donald Trump at a Pennsylvania store over the weekend but said it isn’t endorsing a candidate in the U.S. presidential race. Trump staffed the fry station at a McDonald’s in suburban Philadelphia on Sunday before answering questions through the drive-thru window. The restaurant was closed to the public […]
TORONTO — Canada’s main stock index posted another day of steady gains Friday as strength in base metals outweighed weakness in energy and industrial stocks, while U.S. markets also rose. Equities ended the week on a good note as more earnings rolled in south of the border and Canadian investors braced for another interest rate […]
Businesses get credit card break
TORONTO — Credit card fees for small and medium-sized businesses are starting to dip lower as a deal reached between the federal government and the two major card companies is set to take effect. Mastercard and Visa are reducing interchange fees by up to 27% in a move that Ottawa says will save businesses about […]
USA Network coming to Canada
TORONTO — Bell Media is bringing the USA Network cable brand to Canada after losing several valuable Discovery channel names to one of its competitors. The broadcaster said USA Network will take over the channel known as Discovery on Jan. 1, 2025, with programming that includes reruns of the hit series Suits and The Traitors […]
Dow Jones hits record high
TORONTO — Canada’s main stock index gained more than 100 points Wednesday, led by strength in utilities and base metals, while U.S. markets also rose and the Dow Jones hit a record high. “The everything rally is continuing,” said Greg Taylor, chief investment officer at Purpose Investments. Despite concerns about volatility heading into the fall, […]
Interfor bids adieu to Quebec
BURNABY — Interfor Corp. is selling its three manufacturing facilities in Quebec and closing its corporate office in Montreal as the lumber producer plans to leave the province and focus on other parts of the company. Interfor chief executive Ian Fillinger said Wednesday the decision to exit its Quebec operations was influenced by recent developments […]
Trade with India likely to cool
The diplomatic row between Canada and India could derail a trading relationship that already underperforms its potential, experts warn. Relations between the two countries have hit a new low with Canada’s decision to expel New Delhi’s top envoy and five other diplomats on bombshell allegations Monday from the RCMP, who said that Indian government agents […]
AI boom benefits Anguilla
The artificial intelligence boom has benefited chatbot makers, computer scientists and Nvidia investors. It’s also providing an unusual windfall for Anguilla, a tiny island in the Caribbean. ChatGPT’s debut nearly two years ago heralded the dawn of the AI age and kicked off a digital gold rush as companies scrambled to stake their own claims […]
Boeing to lay off employees
Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes. New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers […]
