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  • Whoppers sizzle in land of steak as Burger King surges in Brazil

    January 9, 2019 2:05 PM 119

    Brazil, known for its unique steak houses and premium beef exports, is seeing a growing appetite for a different type of meal, Burger King’s 680-calorie whopper. Burger King is opening a new site in Brazil every three to four days, said Iuri Miranda, chief executive officer of BK Brasil SA, the world’s fastest-growing restaurant operator by revenue

  • Workers at GM’s Oshawa Assembly Plant hold work stoppage over closure

    January 9, 2019 1:07 PM 118

    The company has said the options suggested by the union, including extending the life of the Chevy Impala and Cadillac XTS currently produced at the plant or shifting production slated for Mexico to the plant, are not economic. David Paterson, vice president of corporate affairs at GM Canada, says the union should instead work with the company on timing

  • U.S. firm building a ‘cannabis superhighway’ plans to list in Canada

    January 8, 2019 11:02 PM 111

    “Our timeline to get through to that point is probably another 30 to 45 days or so,” he said. Karban declined to say how much MJIC expects to raise but said the listing would be followed by a “much broader, bigger offering.” MJIC said its superhighway will create the infrastructure to legally transport, distribute and sell marijuana amid a thicket of regulations

  • Nova Scotia’s minimum wage expected to increase to $11.55 on April 1

    January 8, 2019 7:23 PM 123

    The minimum wage is also expected to rise to about $12.10 in April 2020 and $12.65 in April 2021. Starting April 1, 2022, the rate will be adjusted annually with inflation. According to Statistics Canada, 6.6 per cent of employees in Nova Scotia earned minimum wage during the period of April 2016 to March 2017. Minimum wage earners work primarily in retail

  • Washington State regulator denies bid to reconsider Hydro One-Avista deal

    January 8, 2019 5:08 PM 129

    Washington state regulators have denied a request from Hydro One and Avista Corp. to reconsider the rejection of the Ontario utility’s planned multibillion-dollar takeover of the American company. The Washington Utilities and Transportation Commission says it will take no action on the request, which was made after regulators found the $6.7-billion planned

  • New Gold shares climb on operating results that met revised guidance

    January 8, 2019 4:50 PM 125

    Production for the year at the two mines, plus the now-shut Cerro San Pedro mine, came in at 315,483 ounces to fall within its revised guidance of between 275,000 and 330,000 ounces. The company announced the sale of its Mesquite gold mine in California for US$158 million last September. The company revised down expected production for its Rainy River

  • Rallies planned for protesters arrested while blocking work on B.C. pipeline

    January 8, 2019 3:24 PM 117

    HOUSTON, B.C.—Dozens of rallies are planned in British Columbia, across Canada and as far away as Europe to support pipeline protesters arrested in northwestern B.C. Fourteen people were arrested Monday at a blockade southwest of Houston, B.C., where members of the Gidimt’en clan of the Wet’suwet’en First Nation had set up a camp to control access to a pipeline

  • Scotiabank may find path to exit Thanachart in Thai bank merger

    January 8, 2019 2:44 PM 155

    A bank merger in Thailand may finally give Bank of Nova Scotia a path to retreat from the Southeast Asian nation after three years of trying. Thai lenders Thanachart Bank PCL and TMB Bank PCL are in talks to merge in a deal supported by Thailand’s government. Such a transaction could give Canada’s Scotiabank — which owns 49 per cent of Bangkok-based

  • Montreal home sales up three per cent in December, says real estate board

    January 8, 2019 1:46 PM 118

    MONTREAL—The Greater Montreal Real Estate Board says home sales in Quebec’s largest city climbed higher in December to hit a record for the month. The board says there were 2,825 home sales in Montreal in December based on the Centris provincial database, up three per cent from 2,755 in December 2017. Sales of single-family homes rose three per cent to 1,491 compared

  • BMO creates financial crimes unit with cybersecurity, fraud capabilities

    January 7, 2019 6:12 PM 131

    The Bank of Montreal is creating a financial crimes unit bringing together existing capabilities around cybersecurity, fraud and physical security. The new unit will be led by Larry Zelvin, who joins the bank on Jan. 14. He has been CitiGroup Inc.’s managing director and global head of cybersecurity. BMO chief executive Darryl White says the financial