Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • No infractions found at a Burger King accused of having foreign workers living in basement: Alberta Labour

    January 19, 2018 10:14 PM 6

    An earlier public health inspection found evidence of foreign workers sleeping in the restaurant. The provincial labour ministry says there was a site inspection and no occupational health and safety or employment standards issues were found. LETHBRIDGE, ALTA.—Alberta Labour says it found no violations at a Lethbridge Burger King where an earlier public

  • Shoppers Drug Mart signs third cannabis supply deal

    January 19, 2018 7:52 PM 7

    The latest deal is with B.C.-based licensed marijuana producer Tilray Canada Ltd. to supply branded medical cannabis products and is conditional upon Health Canada’s approval of Shoppers’ application to dispense medical marijuana. Shoppers Drug Mart has lined up its third cannabis supply agreement as part of its ambition to dispense the drug amid what experts

  • BMO financing deal with Canopy Growth marks policy shift for Canadian banks

    January 18, 2018 7:11 PM 9

    Canopy Growth, Canada's largest licensed pot producer, announced the $175-million deal with BMO and GMP Securities on Wednesday. The Bank of Montreal’s participation in a major financing deal for licensed cannabis producer Canopy Growth marks a big policy shift for Canada’s biggest banks, which may be warming up to the cannabis sector. Canopy, Canada’s

  • Ottawa to promise $700 million to Business Development Bank of Canada to spur clean-tech growth

    January 18, 2018 5:24 PM 10

    The money is part of the government’s promise to invest $2.3 billion in clean technologies. OTTAWA—The federal government will give $700 million over the next five years to the Business Development Bank of Canada in a bid to grow Canada’s clean-technology industry. The funding is intended to enable the bank to take on more risk, providing high-potential

  • Home Capital vows to defend itself against short seller's lawsuit

    January 17, 2018 9:20 PM 18

    Short seller claims misrepresentations in company's financial reporting cost him millions Home Capital Group days it vows to defend itself against misrepresentation claims in a $4-million lawsuit filed by a short seller against the alternative lender and three of its former executives. The company issued a response after California-based short seller

  • Volkswagen sells record 10.74 million vehicles, which a rival disputes

    January 17, 2018 7:00 PM 14

    Renault Nissan Mitsubishi says the figure, which puts VW at the top of the automaker pack, includes trucks, which shouldn’t count. FRANKFURT—German automaker Volkswagen had record sales of 10.74 million vehicles last year, but saw its bid to keep the title of world’s largest carmaker reportedly disputed by the rival Renault Nissan Mitsubishi alliance

  • Loblaw, CRA face off in court in $404-million dispute over tax avoidance allegations

    January 17, 2018 6:49 PM 14

    The Canadian Revenue Agency alleges the grocery giant is using its Barbadian banking subsidiary in order to circumvent tax rules. Loblaw Companies Ltd. and the Canada Revenue Agency faced off in a Toronto court today, the latest in an ongoing battle involving allegations that the grocery giant’s Barbadian banking subsidiary was misused for tax avoidance

  • TSX moves higher, Canadian dollar down after Bank of Canada interest rate hike

    January 17, 2018 4:30 PM 16

    The loonie was trading at 80.26 cents U.S., down from an average price of 80.52 cents U.S. The S&P/TSX composite index was up 37.90 points to 16,336.78, after 90 minutes of trading. Canada’s main stock index moved higher in late-morning trading helped by gains in the energy and financial sectors. The move came as the Canadian dollar was trading at 80.26 cents

  • Quebec's minimum wage to increase to $12 in May

    January 17, 2018 1:44 PM 15

    Salaries for minimum wage workers will rise by 75 cents per hour this spring Quebec's minimum wage workers will see a bigger paycheque starting this spring. The minimum wage will increase by 75 cents on May 1, bringing it to $12 per hour. It is the largest wage increase in the province's history. The Quebec government made the announcement Wednesday

  • Ontario offers to help pay for electric vehicle charging stations at workplaces

    January 16, 2018 6:36 PM 13

    The province is offering to cover 80 per cent of the cost of installing the stations as part of an incentive program. Ontario is offering to cover 80 per cent of the cost of installing electric vehicle charging stations for companies and commercial building owners as the province tries to expand its charging infrastructure. The program, announced today