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15:03 Ford replaces CEO Mark Fields in push to transform business

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20:00 With workers on strike, Quebec construction sites have gone quiet. Here are the big ones

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20:45 Sears closures in Saint John, Bathurst mark end of retailing landmarks, cities say

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21:42 Amazon's Whole Foods deal another tech company 'swallowing ever greater portions of our economy'

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21:37 The Bank of Canada interest rate decision shows Sunny Stephen is back

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09:00 WestJet boasts it doesn't overbook flights in ad targeting airlines that do

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Business

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  • Sears Canada files for bankruptcy protection

    June 22, 2017 1:53 PM 11

    One of Canada's major retailers is seeking shelter under the Companies' Creditors Arrangement Act to restructure its business. Sears Canada has filed an application to the Ontario Court of Justice to deal with serious cash-flow problems. In Metro Vancouver the company has department stores at Capilano Mall, Brentwood, Metropolis at Metrotown, Coquitlam

  • Retail sales jump; signal best start to year since 1991 Add to ..

    June 22, 2017 1:00 PM 11

    Consumers continued their free-spending ways in April, pushing retail sales to a 0.8 per cent gain from the prior month and bringing the total increase since the beginning of the year to 3.6 per cent, Statistics Canada reported Thursday. That matches the best start to a year in data back to 1991. The figures highlight how much consumers – buoyed by strong

  • Warren Buffett Helps Bail Out Canada's Struggling Home Capital

    June 22, 2017 12:46 PM 9

    The billionaire investor will have a nearly 40% stake in the subprime mortgage lender. TORONTO — Home Capital Group Inc. (TSX:HCG) says American investment firm Berkshire Hathaway Inc. has agreed to indirectly acquire $400 million of its common shares in a private placement and provide a new $2 billion line of credit to its subsidiary, Home Trust Company

  • Last call? LCBO extends store hours as strike looms

    June 22, 2017 12:40 PM 10

    The LCBO is urging customers to stock up on booze before Canada Day to 'avoid disappointment' Many LCBO stores across Ontario are open early and closing late as a labour strike could get between you and your booze before Canada Day. Most locations will be open from 9 a.m. to 11 p.m. starting Thursday through the Sunday before the strike deadline

  • Warren Buffett's company investing in troubled Home Capital group

    June 22, 2017 10:40 AM 7

    TORONTO - Home Capital Group Inc. (TSX:HCG) says American investment firm Berkshire Hathaway Inc. has agreed to indirectly acquire $400 million of its common shares in a private placement and provide a new $2 billion line of credit to its subsidiary, Home Trust Company. Berkshire, through its wholly-owned subsidiary Columbia Insurance Company, has agreed

  • Warren Buffet's company buys into troubled Home Capital Group

    June 22, 2017 10:36 AM 9

    Berkshire Hathaway plans to acquire $400 million of common shares in Home Capital Home Capital Group Inc. says American investment firm Berkshire Hathaway Inc. has agreed to indirectly acquire $400 million of its common shares in a private placement and provide a new $2 billion line of credit to its subsidiary, Home Trust Company. Berkshire, through

  • OPSEU to open strike headquarters outside LCBO head office

    June 22, 2017 9:50 AM 8

    The union representing many of the province’s liquor store employees plans to open up strike headquarters today directly across from the LCBO head office in Toronto. The Ontario Public Service Employees Union (OPSEU), which represents approximately 8,000 LCBO workers, will be setting up shop outside the LCBO headquarters at 43 Freeland Street

  • WeaLthsimple expanding service to the U.K

    June 22, 2017 4:17 AM 10

    TORONTO - Wealthsimple says it's expanding its robo-adviser service to the United Kingdom. The Toronto-based company says an invitation-only trial version of the product will be tested this summer in the U.K., followed by a public launch in September. CEO Michael Katchen says the expansion fits in with Wealthsimple's plan to build a global financial

  • George Clooney selling tequila brand in $1B US deal

    June 21, 2017 6:53 PM 9

    Buyer Diageo's other brands include Johnnie Walker, Guinness and Captain Morgan. Global liquor behemoth Diageo says it will pay up to $1 billion US to buy a tequila brand co-founded by movie star George Clooney. Clooney founded the Casamigos brand four years ago with partners Rande Gerber and Mike Meldma. Diageo says it will pay $700 million US for Casamigos

  • RBC confirms it is cutting 450 jobs, mostly at Toronto head offices

    June 21, 2017 3:07 PM 9

    Bank says it's making changes to meet clients' needs, despite 2nd quarter profits higher than last year Royal Bank of Canada said Wednesday it is cutting roughly 450 jobs, primarily at its head office locations in the Toronto area. "We are making changes that focus on the capabilities that we need now and in the future to meet our clients' evolving needs