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  • Sears Canada in court seeking approval to liquidate remaining stores

    October 13, 2017 2:03 PM 12

    TORONTO -- Sears Canada is due in court today to seek approval for a full liquidation of its remaining stores as early as Oct. 19, putting another 12,000 employees out of a job. The embattled retailer is scheduled to put forth a motion in Ontario Superior Court Friday to liquidate roughly 130 stores after it said earlier this week it had failed to find a viable

  • Sears Canada’s demise shows why size matters: Olive

    October 13, 2017 2:01 PM 15

    If the Sears Canada failure is to have any meaning, retail in Canada will have to pick up the pace of its reinvention. The demise of Sears Canada, announced this week, is a reminder that size works powerfully against a large enterprise’s ability to reinvent itself. General Motors failed to reinvent itself, and the erstwhile world’s biggest corporation

  • Toronto stock market has broad advance, moderate gain; loonie down

    October 13, 2017 4:38 AM 13

    TORONTO -- Canada's main stock index has made moderate gains across a broad range of sectors this morning. The Toronto Stock Exchange's S&P/TSX composite index was up 76.67 points to 15,818.87, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 36.38 points to 22,877.39. The S&P 500 index was up 5.53 points to 2,556.46 and the Nasdaq

  • Nasdaq applies to run stock exchange in Canada

    October 12, 2017 5:26 PM 13

    The move comes more than a year after Nasdaq completed its acquisition of Chi-X Canada. Nasdaq Inc. said Thursday it has applied to operate an exchange in Canada, a move that could bring foreign competition to a market currently dominated by the TMX Group, putting new pressure on the operator of the Toronto Stock Exchange. Nasdaq Canada and its parent

  • Job vacancies soar in Alberta, led by surge in energy sector

    October 12, 2017 4:14 PM 15

    Statistics Canada says 8,500 new openings posted in 2nd quarter of 2017 The number of job vacancies in Alberta rose by 8,500 in the second quarter compared to the same period last year, Statistics Canada says. The spike marks the second report in a row of year-over-year increases for the province, the agency said in a release on Thursday. There were 50,925 job openings

  • BlackBerry reaches deal to end patent fight with smartphone manufacturer

    October 12, 2017 3:56 PM 17

    BlackBerry Ltd. has reached a settlement in a patent dispute with smartphone maker Blu Products. The two companies say they have signed a patent license agreement and ended their legal fight. Additional terms of the agreement were confidential, the companies said. BlackBerry holds a portfolio of approximately 40,000 patents and applications covering

  • School surveillance cameras still unsecure, months after broadcast on Russian site

    October 12, 2017 3:37 PM 12

    Access to webcams at Cape Breton school secured after CBC News alerted school board Nova Scotia's privacy commissioner says security cameras at a Cape Breton school remain vulnerable to attack, months after images of students inside a Cape Breton school were unintentionally broadcast on the internet. Catherine Tully's report has found there were "inadequate

  • Drug store retailer Jean Coutu reports profit down, revenue up from year ago

    October 12, 2017 12:23 PM 10

    Quebec-based pharmacy chain Jean Coutu Group Inc. earned $47.8-million in its latest quarter, down from $51.5-million a year ago even as revenue improved. The drug store retailer says the profit amounted to 26 cents per diluted share for the three-month period ended Sept. 2 compared with 28 cents per diluted share in the same period a year earlier

  • BC Beer Awards & Festival 2017

    October 11, 2017 11:17 PM 14

    On October 21, Stephen Quinn returns to host the awards and celebrate the best of B.C.'s craft beer Celebrating the very best craft beer brewed in British Columbia, the 8th Annual BC Beer Awards & Festival is set to return to Vancouver on Saturday, October 21 from 4-10 p.m. at the Croatian Cultural Centre. As the signature consumer tasting event of BC Craft

  • Canada moves toward buying Australian fighter jets, upping ante in trade dispute with Boeing

    October 11, 2017 9:10 PM 13

    Purchase would leave no reason to buy U.S. Super Hornet jets Canada has taken the first formal step toward buying used Australian FA-18 fighter jets, upping the ante in a trade dispute with U.S. defence giant Boeing. Public Services and Procurement Canada quietly posted notice on its website over the holiday weekend that it has sent a formal letter expressing