Race on to partner with Ontario’s cannabis retail licence winners

Businesses and investors are rushing to partner with the 25 winners of the Ontario cannabis retail licence lottery, with offers apparently worth millions of dollars, to be involved in the province’s first recreational weed stores set to open this spring. Olivia Brown, the founder of Hamilton, Ont.-based Professional Cannabis Consulting, says one of her clients […]

Canadian inflation rate sinks to 1.7% as gas prices fall

Lower gas prices pulled Canada’s annual inflation rate in November down to 1.7 per cent, the first time in 10 months it has been below the Bank of Canada’s two per cent target, underscoring market expectations that imminent interest rate hikes are off the table. Analysts in a Reuters poll had forecast the annual rate would […]

Postal workers delivering parcels 7 days a week ahead of Christmas, union says

Postal workers in Canada are delivering parcels seven days a week to ensure they will be in time for the holidays, says Canada Post’s largest union. Mike Palecek, national president of the Canadian Union of Postal Workers (CUPW), said in an email on Monday that union members are working every day of the week following […]

Amid oil price crisis, major energy producer says Canada’s largest pipeline system is ‘dysfunctional’

Canadian Natural Resources is doubling down on its concerns about wasted space on Canada’s biggest oil pipeline, blaming a “dysfunctional” process as one reason for slashing its spending plans next year. It follows complaints the company’s executive vice chairman Steve Laut made last month, saying current rules allow “certain players” to exploit the system by booking pipeline […]

CFO of Chinese tech giant Huawei arrested in Vancouver, sought by U.S. for extradition

Canadian officials have arrested Wanzhou Meng, the chief financial officer and deputy chairwoman of the board for the Chinese tech giant Huawei, CBC News has confirmed. According to a statement from the Department of Justice, Meng was arrested in Vancouver on Saturday and is being sought for extradition by the United States. A bail hearing […]

Auto sales dip 9.4% in November, marking 9 months of declines

Auto sales in Canada were down for the ninth straight month in November, dipping 9.4 per cent to 143,668 vehicles. This year will mark the first since 2009 that auto sales have not expanded, but 2018 will still be second only 2017 in sales volume, according to DesRosiers Automotive Consultants Inc. Annual sales are 44,000 […]

Canadian steel buyers racing to get imports into country through tariff exemptions

Canadian steel buyers are racing to get construction steel into the country to claim first-come, first-serve exemptions from tariffs that were meant to stabilize the country’s market in the wake of U.S. President Donald Trump’s metals tariffs. With steel prices already high, the companies that fabricate steel structures used in major building projects say the […]

Parents are giving tons of their kids’ personal data away — and the long-term effects aren’t yet known

On average, parents will post more than 1,000 images of their children online before they’re old enough to have their own social media accounts, according to a new report on the digital lives of kids. And by 18, those kids will have created upward of 70,000 posts themselves. But the unknown consequences of such an unprecedented “digital footprint” — which may […]

Research begins to turn bitumen into ‘radically different products’

A sharp drop in the price of Western Canadian oil has many in the industry looking for solutions. New export pipelines and more space on the railways would help alleviate the backlog of oil in Alberta, but some researchers are focusing on a long term fix to achieve better prices, as well as create jobs and lower the […]

Netflix taps bond markets for $2B US to pay for content

Netflix Inc announced its third tap of debt markets in a year on Monday, aiming to raise about $2 billion US as the streaming video pioneer invests heavily in original shows and acquiring content to fend off intensifying competition. Netflix bond prices were little moved immediately after the announcement, but can be expected to fall, […]