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  • Torontonians want more housing, but many don’t want development too close to home, polls shows

    September 18, 2018 10:22 PM 7

    But the “quite high degree of opposition” to the kind of construction the city needs is disheartening, he said. That resistance comes despite a finding that shows four out of 10 respondents — 26 per cent — strongly believe municipal zoning bylaws should be reviewed to allow for more mid-density housing types such as town homes. The poll is the second

  • Visa, Mastercard reach $6.2 billion settlement on swipe fees

    September 18, 2018 4:41 PM 9

    NEW YORK—Visa Inc. and Mastercard Inc. agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an antitrust case. The total is in line with sums the two companies previously set aside to cover the costs of the litigation, including $5.3 billion already

  • Marijuana may take Shopify stock price to new heights

    September 17, 2018 7:57 PM 7

    The cloud-based commerce platform is already carrying billion-dollar brands like Fashion Nova, Rebecca Minkoff, LeSportsac and Kylie Cosmetics. Having established itself as the “go-to platform” in this sphere, Shopify already has a leading position in Canada cannabis. With retail sales starting October 17, the opportunity could serve as a driver for both revenue

  • Ford heads to Washington to talk trade amid NAFTA negotiations

    September 17, 2018 6:28 PM 7

    He and Economic Development and Trade Minister Jim Wilson will meet with negotiators to get an update on discussions to modernize the North American Free Trade Agreement, as a Sept. 30 deadline looms. “I’ll be accompanying the premier to Washington to talk to our negotiating team — Canada’s negotiating team first-hand and Ontario’s people that are there

  • Salesforce billionaire Benioff to buy Time magazine, boosting influence

    September 17, 2018 5:45 PM 7

    Marc Benioff, the billionaire co-founder of software maker Salesforce.com Inc., is making a play to project his influence far beyond Silicon Valley with the purchase of Time magazine. The 53-year-old entrepreneur and his wife, Lynne, agreed to pay $190 million in cash to Meredith Corp. for the venerable but struggling print publication, stoking comparisons

  • Volkswagen to stop making iconic Beetle

    September 14, 2018 12:32 AM 13

    The compact Beetle was introduced in Germany in 1938 during the Nazi era and came to the U.S. 11 years later, where it became a symbol of utilitarian transportation often used by hippies. The iconic car sold for about 30 years before U.S. sales stopped in 1979. The last of the original bugs was produced in Puebla, Mexico, in 2003. Volkswagen revived

  • Walmart launches 1-hour grocery delivery in the GTA

    September 13, 2018 6:16 PM 13

    MISSISSAUGA—Walmart Canada says it is starting to roll out one-hour grocery delivery today for customers in parts of the Greater Toronto Area. The discount grocer says it’s partnered with Instacart, a California-based company, to provide the service. Shoppers use the Instacart website or app to place their order, which is then picked out and delivered

  • Canada airfares rise by more than 10 per cent in third quarter

    September 12, 2018 5:18 PM 8

    An RBC survey says airfares rose by more than 10 per cent in the first two months of the third quarter as Air Canada and WestJet passed along higher crude oil prices. Despite slipping a bit in August, fares rose 12.5 per cent at Air Canada for July and August and were 11.3 per cent higher than a year earlier at WestJet. Analyst Walter Spracklin says he expects

  • Got $1,500? Apple shows off its most expensive iPhone yet

    September 12, 2018 1:24 PM 8

    CUPERTINO, CALIF.—Apple unveiled three new iPhones on Wednesday, including its biggest and most expensive model yet, as the company seeks to widen the product’s appeal amid slowing sales. CEO Tim Cook showed off the Apple XS, which has a bigger screen than the one on last year’s dramatically designed model , the iPhone X. It’ll cost about $1,000. A bigger

  • Sears Canada’s court monitor opposes priority for pensioners over other creditors

    September 11, 2018 7:34 PM 10

    FTI says it’s opposing the pension motion through its role as monitor — a sort of umpire assigned to help a judge sort out conflicting claims — in part because it doesn’t appear any of the other unsecured creditors is in a position to challenge it. It says the other creditors are primarily small businesses and individuals including former employees