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September 20, 2018 4:36 PM Emerging markets, trade put a cloud on global economy, OECD says

PARIS—The global economy is shrouded in “high uncertainty” as the outlook for emerging markets deteriorates sharply and trade tensions intensify, the Organization for Economic Cooperation and Development said. The gloomy analysis has pushed the Paris-based institution to cut its global growth forecasts for this year and next with particularly sharp revisions 7

September 19, 2018 8:05 PM It’s no slam dunk, but Glen Grunwald has high hopes for Canada Basketball

Having already played a significant role in one chapter of Canadian basketball history, Glen Grunwald has his eyes set on another. One of the first employees of the Toronto Raptors, coming on board long before the team played its first game, Grunwald was instrumental in negotiating a rocky first few years for the now well-established franchise 6

September 6, 2018 6:24 PM Couche-Tard optimistic about PC Optimum loyalty program despite sales drop

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 14

September 5, 2018 6:07 PM Canada’s Cam Lewis making his marathon debut after serious foot injury

Canada’s Cam Levins will make his marathon debut at the Scotiabank Toronto Waterfront Marathon next month. The 29-year-old from Black Creek, B.C., has battled a serious foot injury that required surgery for a couple of seasons, but believes he’s finally healthy enough to become a force on the global running scene once again. Marathon fans have eagerly 14

August 31, 2018 12:14 PM Coca-Cola to buy Costa, Britain's largest coffee company

The company said Friday it will buy the Costa coffee brand from British firm Whitbread for 3.9 billion pounds ($5.1 billion U.S.) in cash. Costa is Britain’s biggest coffee company with over 2,400 coffee shops in the U.K. and another 1,400 in more than 30 countries. It has 460 in China, its second-biggest market. The deal, expected to complete in the first 9

August 27, 2018 6:15 PM Aimia adds new president and chief strategy officer in wake of Aeroplan deal

MONTREAL—Aimia Inc. has named Nathaniel Felsher as president and chief strategy officer, less than a week after announcing a deal to sell its flagship Aeroplan loyalty program to a consortium led by Air Canada. Felsher, who joins Aimia from Deutsche Bank in New York, where he co-headed the firm's aviation corporate and investment banking group, will report 23

August 24, 2018 7:24 PM There is no ‘safe’ level of alcohol consumption, global study finds

A new global study from the British journal The Lancet found that the safest level of drinking was none. The study, published Thursday, analyzed data from the 2016 Global Burden of Disease report to determine levels of alcohol use and its health effects in 195 countries for males and females ages 15 to 49 between 1990 to 2016. Researchers found alcohol 9

August 23, 2018 11:35 PM Canadian star Shapovalov heading into second U.S. Open calm, cool and collected

While the 2017 Rogers Cup endeared Shapovalov to Canadian tennis fans, he feels the U.S. Open helped put him on the map in a more global sense. It also proved he could continue the success he’d enjoyed in Montreal. “It was one thing to play well one week at the Rogers Cup and make the semifinals but the U.S. Open was really a chance to back it up and show it wasn’t 14

August 20, 2018 12:27 AM Trudeau says 2019 Canada election is fight against polarization

OTTAWA—Justin Trudeau said the 2019 Canadian election will be a contrast between his Liberal Party’s push for a cleaner environment and fighting inequality, and Conservatives who’ll attempt to exploit divisions created by a global wave of populism. The prime minister made the remarks late Sunday afternoon in his home district in Montreal, turning attention 13

August 7, 2018 3:49 PM Saudi Arabia’s state airline will suspend its Canadian operations

TORONTO—The diplomatic gulf between the federal government and Saudi Arabia widened to encompass travel on Tuesday as the country’s state airline announced it was suspending operations in Canada. A tweet from Saudia announced that its routes operating between the two countries would cease to function in a matter of days, marking the latest escalation 18