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  • Recipe Unlimited to phase out plastic straws at its 19 brands by 2019

    July 4, 2018 5:27 PM 42

    VAUGHAN, Ont. — Recipe Unlimited Corporation will eliminate plastic straws from its 19 restaurant brands including Swiss Chalet, Harvey’s, Kelsey’s and East Side Mario’s. The restaurant giant formerly known as Cara Operations will start phasing out its plastic straws in August. Recipe Unlimited says it will dump plastic straws because of their impact

  • Tariff troubles for Germany won’t stay in Germany

    July 4, 2018 5:01 PM 14

    Meanwhile, the trade dispute raging between U.S. President Donald Trump and China threatens to engulf Germany. The country’s current-account surplus amounts to some 8% of gross domestic product. Car exports to the U.S., which account for 0.7% of German GDP, according to Citigroup, are a particular bugbear for Mr. Trump. That has shaken investors: The Euro Stoxx

  • Spending more than $1,000 on children’s activities? Think again

    July 3, 2018 5:16 PM 10

    The financial trouble typically starts when the children reach school-age. This is when parents start registering their children in activities and have to start paying school fees for school trips, year books and craft fairs. It’s also when some parents start getting competitive and use their children as trophies to show off their financial success

  • Canadian hyperloop company threatens to relocate unless government supports innovation

    June 29, 2018 6:08 PM 9

    MONTREAL—A Canadian hyperloop company is threatening to relocate its headquarters to Europe unless it gets political support at home for the implementation of its technology that would transport goods and passengers through tubes at airplane speeds. Transpod CEO and co-founder Sebastien Gendron says politicians need to step up if they are serious about

  • Higher price for oil helps boost TSX as loonie climbs on GDP news

    June 29, 2018 3:41 PM 9

    In New York, the Dow Jones industrial average was up 274.71 points to 24,490.76. The S&P 500 index was up 25.37 points to 2,741.68 and the Nasdaq composite index was up 66.26 points to 7,569.94. The Canadian dollar was trading at 76.01 cents U.S., up from an average value of 75.37 cents U.S. on Thursday following stronger-than-expected Canadian GDP figures

  • Toys ‘R’ Us is closing its last U.S. stores

    June 28, 2018 6:38 PM 14

    NEW YORK—Toys “R” Us is closing its last U.S. stores by Friday, the end of a chain known to generations of children and parents for its sprawling stores, brightly coloured logo and Geoffrey the giraffe mascot. But many of the children who happily sang the “I don’t wanna grow up, I’m a Toys ‘R’ Us kid” jingle grew into busy parents who found shopping

  • Toronto stocks lower as key sectors step back

    June 28, 2018 3:41 PM 9

    In New York, the Dow Jones industrial average closed up 98.46 points at 24,216.05. The S&P 500 index ended up 16.68 points at 2,716.31 and the Nasdaq composite index was up 58.59 points at 7,503.68. Stocks in the U.S. rose after dipping a day earlier as investors continue to grapple with trade issues, said Anish Chopra, managing director with Portfolio

  • Bombardier, union reach new collective agreement for Toronto workers

    June 25, 2018 3:30 PM 9

    Bombardier says it has reached new three-year collective agreements with more than 2,100 production and office workers at its operations in Toronto. The contracts cover workers represented by Unifor Local 112 who work at Bombardier’s Downsview plant and Local 673 who work in technical office and clerical positions. Bombardier assembles its Q400 turboprop

  • CAE, Inc. workers in Montreal striking

    June 25, 2018 1:00 PM 10

    MONTREAL — Nearly 475 unionized CAE Inc. employees in Montreal went on strike Friday afternoon after rejecting the company’s latest contract offer. Unifor national representative Daniel St-Pierre says the action, taken by members after voting 93 per cent against the offer, demonstrates the frustration that’s built up and a difficult labour climate

  • Stock indexes up sharply in Toronto, New York; loonie down

    June 22, 2018 3:27 PM 13

    Canada’s main stock index was up sharply in late morning trading, with energy and mining stocks providing much of the lift. The Toronto Stock Exchange’s S&P/TSX composite index was up 143.10 points to 16,478.25, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 133.10 points to 24,594.80. The S&P 500 index was up 9.82 points