Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.


All category news

  • What's fresh at McDonald's? The beef in some burgers

    March 6, 2018 3:48 PM 23

    Company has no current plans to introduce fresh beef in Canadian outlets McDonald's, which has relied on frozen beef patties since the 1970s, said it's launching Quarter Pounders made with fresh beef in about 3,500 restaurants starting Tuesday. It will be available in eight cities, including Atlanta, Miami and Salt Lake City, then roll out to most U.S. McDonald's

  • Toronto-area home prices saw year-over-year drop in February, as number of sales plunged

    March 6, 2018 11:00 AM 10

    A 12.4 per cent year-over-year drop in the average selling price of a Toronto-area resale home in February is not as bleak as it seems, says the Toronto Real Estate Board (TREB). Despite a decline of nearly $110,000 in the average price to $767,818, from $875,983 in February 2017, last month’s figure was still about 12 per cent more than homes were selling

  • Sears Canada shareholder payments to be reviewed

    March 5, 2018 8:46 PM 13

    Superior Court has appointed a litigation investigator to review $3 billion in payments made to Sears Canada shareholders. Superior Court has appointed a litigation investigator to review $3 billion in payments made to Sears Canada shareholders, while the company's pension fund had a nearly $300 million shortfall. The court has ordered litigation investigator

  • Amy Shapero to replace Shopify CFO Russ Jones in April

    March 5, 2018 8:17 PM 13

    Jones will retire but remain a strategic adviser during a transition after the arrival of his successor, Shapero, on April 2. OTTAWA - Shopify Inc. says its original chief financial officer will retire but remain a strategic adviser during a transition after the arrival of his successor, Amy Shapero, on April 2. She succeeds Russ Jones, who has been Shopify's

  • RioCan makes move to convert malls into mixed-use communities

    March 5, 2018 6:26 PM 12

    Construction has begun is set to start on about 2,800 units, about three-quarters of which will be rentals. RioCan Real Estate Investment Trust says it will turn some of the retail shopping centres in its portfolio into mixed-use communities that have the potential for more than 20,000 residences in six major Canadian markets. The announcement of the RioCan

  • Spin Master to buy Gund stuffed toys

    March 5, 2018 3:32 PM 18

    Spin Master Corp. has signed a deal to buy stuffed toy brand Gund for $79.1 million (U.S.). The Toronto-based company is acquiring Gund from Enesco LLC, a portfolio company of private equity firm Balmoral Funds, for the equivalent of about $102.5 million (Cdn.). Spin Master says the 120-year-old Gund will help diversify its product line and open up opportunities

  • Trump’s ex-adviser Carl Icahn sold his steel-linked stock weeks before tariffs announced

    March 3, 2018 12:40 AM 24

    The billionaire investor sold more than a third of his stake in the Manitowoc, Wisconsin-based company, which has a sizable exposure to U.S. steel imports. Carl Icahn sold about $30 million (U.S.) of shares in crane manufacturer Manitowoc Co. in the weeks before President Donald Trump said he would impose new tariffs on U.S. steel imports. The billionaire

  • George Weston’s profit plunges as result of special items including $25 Loblaw Card

    March 2, 2018 12:59 PM 20

    The $25 Loblaw Card program reduced fourth-quarter profit by $39 million or 30 cents per share. George Weston Ltd.’s profit in the fourth quarter was cut by two-thirds as a result of special items including the cost of a $25 Loblaw Card program launched in compensation for the company’s involvement in a price-fixing scheme. The Toronto-based food processing

  • U.S. chain Fred Meyer imposes gun sale restrictions

    March 1, 2018 5:47 PM 19

    Kroger Co., the largest grocery chain in the U.S., is joining Walmart Inc. and Dick’s Sporting Goods Inc. in tightening gun restrictions following last month’s school shooting in Parkland, Fla. Kroger’s Fred Meyer chain, which carries general merchandise in addition to groceries, will no longer sell firearms and ammunition to buyers under age 21, the company

  • Ikea recalling marshmallow candy due to possible infestation of mice

    February 28, 2018 5:55 PM 18

    The Canadian Food Inspection Agency says the product may contain harmful bacteria. OTTAWA—Ikea brand Marshmallow candy is being recalled due to what the Canadian Food Inspection Agency says may be possible contamination from mice infestation. It was sold in Alberta, Manitoba, Nova Scotia, Ontario and Quebec in 100-gram packages which display the words