46% of Canadians $200 or less away from financial insolvency: poll

The number of Canadians who are $200 or less away from financial insolvency at month-end has jumped to 46 per cent, up from 40 per cent in the previous quarter, as interest rates rise according to a new poll. A survey conducted for insolvency firm MNP Ltd. in December also found that 31 per cent […]

Huawei to grow Canadian R&D budget to make equipment more secure: president

The president of Huawei Canada says it will be getting a piece of the $2 billion US that its global Chinese parent will spend over five years to hire more software engineers to make its equipment more secure, resilient and efficient. Huawei Canada president Eric Li said in a statement that its “top priority” has […]

Canola, chemicals and bees: Why Canadian farmers are fighting a proposed pesticide ban

Health Canada is following in the European Union’s footsteps as it moves to ban the use of neonic pesticides due to concerns about their impact on bees and other wildlife. But many farmers are fighting to maintain the status quo. Canola growers, in particular, say the ban would increase costs and put their crops at risk of being lost […]

Huawei exec’s arrest halting Chinese firms’ Canadian expansion plans, says auto sector spokesman

Several Chinese automakers planning to expand production into Canada have put their plans on hold over the Vancouver arrest of Chinese telecom giant Huawei’s CFO, says Flavio Volpe, president of the Automotive Parts Manufacturers’ Association. “Those companies are saying, ‘Look, while we’re still interested of course, North America is a target market for our goods […]

AltaGas shares soar after it cuts dividend, announces new round of asset sales

Shares in AltaGas Ltd. soared on Thursday morning after it announced it will slash its dividend by 56 per cent and sell its remaining majority stake in a B.C. hydroelectric power operation for $1.39 billion. On his first conference call days after officially taking over as CEO, Randy Crawford said he wants AltaGas to adopt […]

Cattle farmers say new antibiotics prescription rules will be costly

New federal rules kicking in on Dec. 1 will set limits on farmers’ abilities to procure antibiotics for their livestock, a move intended to curb antibiotic resistance in humans and animals, and provide more oversight by veterinary professionals. But some producers are concerned it will just become more expensive to care for their herds. Since 2014, the World Health Organization […]

Poor weather prompts temporary shutdown of all N.L. offshore rigs

All Newfoundland and Labrador offshore facilities have been temporarily shut down as a safety precaution due to stormy seas and will not resume operations until the offshore industry regulator says it’s safe to do so. The Canada-Newfoundland and Labrador Offshore Petroleum Board confirmed the province-wide shutdown Saturday, in the wake an offshore spill that was one of […]

Ontario ombudsman gets more than 1,000 complaints about cannabis store

Ontario’s ombudsman says his office has received more than 1,000 complaints about the province’s online cannabis store since it launched earlier this month. Paul Dubé says he’s set up a triage team to deal specifically with the flood of concerns over the government-run Ontario Cannabis Store. He says the most common complaints have involved delayed deliveries, […]

U.S. cannabis stock Curaleaf debuts in Toronto

U.S. cannabis retailer Curaleaf Holdings Inc opened lower in its trading debut in Toronto on Monday after amassing $400 million in the biggest equity raising in Canada’s marijuana industry. Curaleaf opened at $8.70 Cdn on the Canadian Securities Exchange (CSE), lower than the offer price of $11.45 Cdn. It recovered a mid-morning but remained below […]

CEO of Deciem cosmetics brand ousted at request of Estée Lauder

The founder of Deciem, the self-professed “Abnormal Beauty Company,” saw his reign at the Toronto cosmetics brand come to an unusual end on Friday — at least for now. Brandon Truaxe was ousted from his role as the company’s chief executive and board member on an interim basis after a judge approved an Ontario court […]