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  • Tim Hortons falls from 13th to 67th in ranking of Canada’s most reputable companies

    May 23, 2018 1:30 PM 7

    The study is based on ratings from 27,000 Canadians, who are asked to score companies on their products, innovation, workplace governance, citizenship, leadership and financial performance. Google, Lego and Rolex topped the list, while Canadian brands MEC, Jean Coutu and Canadian Tire all cracked the top 20. Shoppers Drug Mart, Home Hardware, Cineplex

  • B.C. sues Alberta over turn-off-the-taps legislation

    May 22, 2018 7:42 PM 10

    Statement of claim in Alberta court seeks declaration legislation is unconstitutional The B.C. government has filed a statement of claim in Alberta's Court of Queen's Bench over legislation that allows Alberta to restrict oil and gas shipments to B.C. The legislation was passed last week in response to B.C.'s continued opposition to the Trans Mountain

  • ETF investors souring on Canadian banks

    May 22, 2018 6:49 PM 8

    “What happened in 2016 and 2017 is the financials did so well that the trade became pretty crowded,” Straus said. “I think that at the start of 2018, with volatility kicking in, there could be reasons to suggest that perhaps that trend is overextended and a lot of those movements are priced in.” Canada’s housing market has also seen an abrupt cooling

  • TSX dips after 11 days of gains as loonie tops 78 cents U.S

    May 22, 2018 3:42 PM 6

    The S&P/TSX composite index shed 17.52 points to close at 16,144.79, dragged down by the energy sector on reports OPEC may be looking to raise oil production soon. In New York, the Dow Jones industrial average fell 178.88 points to 24,834.41. The S&P 500 index fell 8.57 points to 2,724.44 and the Nasdaq composite index retreated 15.58 points to 7,378.46. The July crude

  • Shopify shares down 6% as Adobe buys rival Magento

    May 22, 2018 2:46 PM 6

    Shares in Canadian e-commerce software maker Shopify Inc fell around 6 per cent on Tuesday after Adobe Systems Inc. announced it was buying rival Magento Commerce. Magento, which counts CocaCola Co, Intelligentsia Coffee, Canon Inc and Burger King among its customers, helps companies build online stores, competing with Shopify whose software and consulting

  • U.S. raises tariffs on Vietnamese steel it claims comes from China

    May 22, 2018 1:11 PM 8

    The United States has raised tariffs on steel from Vietnam that Washington says originated in China and evaded anti-dumping duties on Chinese steel. The announcement following this week's truce in a broader trade dispute between Beijing and Washington reflects the wide array of strains in the world's biggest trading relationship. Importers of corrosion-resistant

  • Competition Bureau’s focus on broadband over 5G wireless ‘does not make sense’

    May 20, 2018 4:27 PM 10

    A review of Canada’s broadband internet services by the country’s competition watchdog is overlooking a critical issue when it comes to wireless technology, according to veteran telecom entrepreneurs who have battled the big carriers for years. The Competition Bureau announced last week that it will study ways to improve competition in the broadband

  • Walmart Canada cuts Weston Foods as bread supplier, cites ‘commercial reasons’

    May 19, 2018 3:02 AM 13

    Walmart Canada Corp. says it’s cutting Weston Foods as a bread supplier, but the retailer says the decision has nothing to do with the Competition Bureau’s investigation into price-fixing. In an email statement, a spokesperson for Walmart says the company is reducing its number of bread suppliers for commercial reasons. The decision comes months after

  • Ontario regulator warns about 5 unregistered cryptocurrency groups

    May 18, 2018 5:08 PM 11

    The Ontario Securities Commission is warning the public that several groups are promoting investments in cryptocurrencies without having the necessary provincial registrations. The OSC says Bitserial, Hypercube, CabinCoin and BaapPay have not provided a prospectus, as required, or received an exemption. It says none of the four, or a fifth entity called

  • Aphria strikes deal with wine and spirits supplier Southern Glazer’s for cannabis distribution

    May 18, 2018 1:10 AM 12

    LEAMINGTON, ONT.—Aphria Inc. says it has reached a deal that will see Southern Glazer’s Wine & Spirits become its exclusive distributor of recreational cannabis products in Canada. The Leamington, Ont.-based cannabis producer says Southern Glazer’s new Canadian subsidiary Great North Distributors, which will focus specifically on cannabis products, will represent