Morneau leaning toward ‘targeted measure’ to boost corporate investment – not tax cut

The federal government’s fall economic update is likely to include targeted tax measures to boost the country’s competitiveness instead of a cut to the country’s corporate tax rate, according to a senior government official familiar with the Department of Finance’s work on the issue. The Liberal government has been under pressure from business groups to address […]

Big telcos tell CRTC they put customers first and shun shady sales tactics

Canada’s big telecom companies are fighting back against allegations of shady sales practices, defending themselves as ethical corporations relentlessly focused on customer satisfaction. “Our customers are treated in a fair and respectful manner when purchasing the services we offer,” Rogers wrote in a submission to the CRTC. The broadcast regulator requested information from the telcos after launching […]

Even under a drill-friendly Trump, pipeline battles rage on in the U.S., too

Pipeline protesters suspending themselves in trees. Lawyers halting construction with sharp legal challenges. Hand-wringing over the state of national co-operation. Canada is no stranger to pipeline battles, especially in recent weeks. But this isn’t a scene from B.C’s. Lower Mainland. This is how the fight is playing out in parts of America, under the drill-friendly […]

DSW Inc. to close Town Shoes brand and 38 stores in Canada by January

DSW Inc. says it will shutter its Town Shoes Ltd. brand and close all of its stores. The Ohio-based shoe retailer says increasing competition in the footwear market and “significant” operating losses are to blame. The company plans to close the 38 Town Shoes stores it operates in Canada by the end of its financial […]

B.C.’s craft beer taking off in Asia — where a pint can cost up to $25

British Columbia’s craft beer scene is booming — and not just locally.   Seven B.C. craft brewers now have beers in the Asia-Pacific region, all part of a growing lucrative market for B.C. beer overseas. Just this month, Parallel 49 Brewing was in China to launch its beer there. “[The market in Asia] is just budding, […]

When sorry isn’t enough — pressure grows on companies to apologize quickly in the age of viral content

Smartphones, social media, and the speed at which videos go viral are creating new pressures in boardrooms everywhere, whenever executives have to quickly handle a mess-up. At stake? Millions of dollars, the risk of alienating customers, and the possibility of inviting a government crackdown. “They have to say sorry before they’re ready,” says Jaime Watt, […]

Venezuela lops five zeros off currency amid soaring inflation

Venezuela on Monday began to launch dramatic reforms announced by President Nicolas Maduro to rescue a downward-spiraling economy, including a new currency and a more-than-3,000 per cent hike in the minimum wage. The changes start with the introduction of a currency that lops five zeros off the country’s fast-depreciating bills. Maduro says he’ll also raise […]

Loblaw Q2 profit falls after fair-value adjustments

Loblaw Companies Ltd.’s second-quarter adjusted earnings were above analyst estimates, but the grocery and pharmacy retailer also recorded an 86.1 per cent decline in net profit due to a number of unfavourable items including an acquisition expense at its Choice Properties division. Net profit available to common shareholders dropped to $50 million or 13 cents […]

Shares of pot company Tilray surge in first day of trading on Nasdaq

Shares of Tilray Inc. jumped on Thursday as it became the first Canadian cannabis company to launch an initial public offering on a U.S. stock market. Tilray shares rose almost 32 per cent above their $17 US IPO price to close at $22.39 US.  The issue, which trades under the symbol TLRY, got as high as $24 US at […]