Home Capital shares sell off after Berkshire Hathaways discloses it’s sold most of its stake

Shares in Canadian mortgage company Home Capital fell as much as 18 per cent on Wednesday after word came out that Warren Buffett’s company Berkshire Hathaway had sold most of its stake in the company. Home Capital’s TSX-listed shares were changing hands at just over $14 on Wednesday, off by more than $2 from Tuesday’s close […]

General Dynamics warns Canada: Cancelling Saudi deal would cost billions

General Dynamics Corp on Monday put pressure on Ottawa over the sale of armoured vehicles to Saudi Arabia, warning that the federal government would incur “billions of dollars of liability” by unilaterally scrapping the deal. The remarks by the Canadian unit of General Dynamics — which one defence expert called unusual — reflect increasing tensions over a […]

Most Canadian employees are ready to quit their jobs, survey finds

Canadian employers may need to step up their game if they want to avoid costly staff turnover, a new survey suggests. Research conducted by Nielson on behalf of human resources software company Ceridian found that nearly three quarters of respondents were either looking for work, or would consider jumping ship if approached with the right opportunity. Among 1,001 Canadians and […]

Why Christmas is bad for the environment and what you can do about it

Christmas is a time of celebration, but once the party’s over, plenty of garbage is hauled to the curb.   Environmental group Zero Waste Canada estimates that from mid-November to mid-January, the average Canadian generates about 25 per cent more trash than during the rest of the year. The reason: people buy more stuff over the holidays, and […]

Oilpatch stays home from B.C. conference after Whistler mayor calls for climate-change compensation

Oilpatch pushback to a letter written by the mayor of Whistler, B.C., has led to the cancellation​ of the energy-related portion of a high-profile investment conference held in the mountain community. In a recent letter, Whistler Mayor Jack Crompton asked the head of oilsands giant Canadian Natural Resources to commit to pay for its “fair share of the costs […]

Q&A: The case for more Alberta refineries

Alberta Premier Rachel Notley this week breathed new life into an old NDP pledge to try to build more refineries in the province. More refineries would mean more jobs, more options for Alberta bitumen and more wealth for the province — or so the government’s argument goes. She’s canvassing the industry for private sector interest until Feb. […]

Aurora Cannabis to supply medical pot to Mexico

Aurora Cannabis says it will supply medical cannabis to Mexico through a partnership with pharmaceutical manufacturer and distributor Farmacias Magistrales. Farmacias recently got the green light to import cannabis, which Aurora says is the first and only import license granted by federal Mexican authorities to date. Aurora’s chief executive Terry Booth says the exclusive partnership […]

Sask. construction industry loses 14,000 jobs over 3 years, association says

Trevor Stein’s company spent nearly a year wiring new apartment complexes in Saskatoon’s Stonebridge neighbourhood. After Stein invoiced the owner, Block 1, for more than a million dollars for wages and materials, he learned the British Columbia real estate company was seeking creditor protection. The company never did pay him or a number of other local […]

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 […]

Allowance apps are the modern piggy banks and they could really help your kids

Canadian youth get top marks for financial literacy, but more than one in ten 15 year olds struggle with basic financial skills. That’s according to the last assessment of financial literacy in teens by the Organisation for Economic Co-operation and Development. Judith Cane is an Ottawa-based professional money coach and sees it play out in […]