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  • Despite Trump tweet, Ford says it won’t make hatchback in U.S

    September 10, 2018 1:17 PM 12

    WASHINGTON—Ford won’t be moving production of a hatchback wagon to the United States from China — despite U.S. President Donald Trump’s claim Sunday that his taxes on Chinese imports mean the Focus Active can be built in America. Citing Trump’s new tariffs, Ford on Aug. 31 said it was dropping plans to ship the Focus Active from China to America

  • Horizons Marijuana first weed ETF to reach $1 billion in assets

    September 7, 2018 8:36 PM 10

    Enthusiasm for the fund appears to have cooled somewhat last month, however, as investors pulled money out in six of the seven trading days between Aug. 21 and Aug. 29. They withdrew a total of $15.9 million over that stretch before plowing $14.1 million back in on Aug. 30, bringing the month’s total inflows to $12 million. Meanwhile, buyers in the U.S. have been scooping

  • Loss of part-time jobs drives Canada’s unemployment rate, but full-time work rises

    September 7, 2018 1:03 PM 8

    Ontario experienced the biggest decrease of the provinces by far with a loss of 80,100 jobs — almost all of which were part-time positions. Compared with 12 months earlier, national employment was up 0.9 per cent following the addition of 171,700 jobs, including 326,100 full-time positions. The latest report also says average hourly wage growth, which

  • Couche-Tard optimistic about PC Optimum loyalty program despite sales drop

    September 6, 2018 6:24 PM 15

    Alimentation Couche-Tard Inc. says it’s too early to tell what long-term impact dumping the embattled Aeroplan loyalty program at its Esso branded convenience stores will have, but the time it took for the brand to switch to the PC Optimum program has already hampered sales. The Quebec-based retailer behind Circle K stores said in an earnings call on Thursday

  • Palatial Starbucks opens in Italy, home of espresso

    September 6, 2018 5:40 PM 19

    MILAN—Starbucks is opening its first store in Italy on Friday, betting that premium brews and novelties like a heated marble-topped coffee bar will win customers in a country fond of its daily espresso rituals. Decades ago, Milan’s coffee bars inspired the chain’s vision. Now Starbucks is hoping clients will visit its new store, the Reserve Roastery

  • Lululemon founder joins world’s richest as yogawear brand surges

    September 5, 2018 5:05 PM 18

    The share surge added $311 million to Wilson’s fortune on Friday and a further $41 million on Tuesday to leave him with a $3.9 billion fortune, the 496th largest on the Bloomberg Billionaires Index. Wilson — who owns a 13 per cent stake in Lululemon — joins Canadians such as retailer Galen Weston and former eBay Inc. President Jeff Skoll on the ranking

  • Gwyneth Paltrow’s Goop pays $145,000 over ‘unscientific’ claims

    September 5, 2018 3:15 AM 16

    Goop advertised that the eggs could balance hormones, regulate menstrual cycles and increase bladder control, according to a statement Tuesday from Orange County District Attorney Tony Rackauckas, who was part of a task force of California district attorneys that negotiated the settlement. Goop sold Inner Judge Flower as helping prevent depression. In addition

  • Quebec securities regulator helping companies disclose exposure to modern slavery

    September 4, 2018 6:07 PM 16

    MONTREAL—Quebec’s securities regulator is offering to help public companies disclose their exposure to modern slavery, including forced labour, human trafficking and child labour. The Autorite des marches financiers says Canadian companies could be exposed directly or indirectly to the tens of millions of people around the world who are estimated to be affected

  • Laurentian Bank reports flat profit in third quarter

    September 4, 2018 5:46 PM 14

    MONTREAL—Laurentian Bank of Canada’s net income was virtually flat in the third quarter compared with last year at $54.9 million, as the company recorded acquisition-related costs and other expense increases that offset five per cent higher revenue. The Montreal-based company’s net income per share amounted to $1.23 per share, which was down from $1.48 per share

  • JPMorgan will pay $24 million to end lawsuit from Black advisers

    September 4, 2018 5:27 PM 16

    “These racial disparities result from Chase’s systemic, intentional race discrimination and from policies and practices that have an unlawful disparate impact on African Americans,” the six plaintiffs said in court papers. They are Jerome Senegal in Texas, Erika Williams in Illinois, Brent Griffin in Wisconsin, Irvin Nash in New York, Amanda Jason in Kentucky