Sears staves off liquidation, U.S. stores to remain open

Sears will live on — at least for now. The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of anonymity because they were not authorized to discuss the negotiation […]

The best a man can get? Why some men are brushing off Gillette’s ad campaign

Gillette’s provocative new ad encouraging men to fight toxic masculinity has sparked a backlash. For those who applaud the commercial, it may appear strange that its seemingly positive message about stamping out bullying and sexual harassment has sparked anger and hurt feelings. But this is somewhat new terrain in the advertising world: telling men something’s broken and they need […]

More than 150 automotive tech jobs coming to Windsor, says federal minister

More than 150 jobs in the automotive technologies sector are coming to Windsor, according to Canada’s minister of innovation, science and economic development. During a visit to APAG Elektronik in Windsor, innovation minister Navdeep Bains announced $4 million in federal funding for the company. Service Mold + Aerospace, an integrated tool-and-mold manufacturer, will also receive $1 million. Both investments […]

Coal-fired plants shutting down, despite Trump’s promises

More U.S. coal-fired power plants were shut in President Donald Trump’s first two years than were retired in the whole of Barack Obama’s first term, despite the Republican administration’s efforts to prop up the industry to keep a campaign promise to coal-mining states. In total, more than 23,400 megawatts (MW) of coal-fired generation were shut […]

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 […]

Canadian house price slump makes buyers wary for 2019: Don Pittis

According to a lot of analysis when the Canadian housing boom was at a peak, people were so anxious to get into the market that any fall in prices couldn’t last long. I remember Carol Off at CBC Radio’s As It Happens  grilling me about that in an interview almost exactly four years ago, after I’d written a […]

Chinese detentions raise fears of Canadian business chill, rethink of travel plans

Escalating fears of retaliation after Canada detained a high-ranking Chinese business executive have prompted some Canadian business leaders to think twice before going to China on business. The detention of Huawei CFO Meng Wanzhou in Vancouver on behalf of U.S. authorities earlier this month enraged Chinese authorities. And though she’s been released on bail, the situation has prompted fears that Beijing […]

Liberals cut taxes, mend fences with Canadian businesses

It probably shouldn’t come as a huge surprise that Canadian businesses are happy with the federal government’s fall economic update. Relations between Ottawa and the business community had been downright frosty. But billions in tax breaks should go a long way to warming things up a bit. Businesses and the government initially found themselves at […]

Highlights of Bill Morneau’s 2018 fiscal update

Finance Minister Bill Morneau delivered his fall economic statement Wednesday. Here are the highlights of his fiscal update: Growth: 2 per cent forecast next year (up from 1.6) — and slightly higher inflation. Unemployment rate: 5.8 per cent next year, down from 5.9. Projected deficit: $18.1 billion for current fiscal year. Revised 2017-2018 deficit: $19 […]

Why tech giants don’t invest tax cuts in American jobs: Don Pittis

More than $100 billion US in tax cuts that were supposed to “make America great again” went into the pockets of well-off investors in U.S. tech companies, according to new research by one of the world’s most influential business newspapers. Just as tech share prices show signs of weakness, there are growing worries that instead […]