Edmonton Girl Guide sells out of cookies in cannabis store lineup

As Edmontonians lined up to buy legal cannabis from retail stores on Wednesday, Elina Childs saw a business opportunity. The nine-year-old Girl Guide and her father showed up at Nova Cannabis just south of Whyte Avenue, pulling a wagon filled with top-shelf munchies: sandwich cookies and mint thins. She sold all 30 boxes in less than 45 minutes, […]

Canadian borrowers will feel this week’s U.S. interest rate hike: Don Pittis

Markets are so certain that U.S. Federal Reserve chair Jerome Powell will raise rates this week that a failure to hike would likely have worse consequences for American markets than the impact of higher borrowing costs. But the near certainty so cherished by market traders — who hate rude surprises — will provide little reassurance for the millions of people around the world, including […]

Mark Carney agrees to stay at Bank of England until January 2020

The Bank of England’s Mark Carney agreed Tuesday to extend his period as governor by six months until January 2020 to help out in the initial phases of Britain’s exit from the European Union. The announcement from the government and the bank was expected after Carney told lawmakers last week that he was “willing” to extend […]

CBS negotiates exit with CEO Leslie Moonves amid new sexual harassment claims

CBS is expected to announce on Monday that Chief Executive Leslie Moonves is resigning, said sources on Sunday, as six additional women came forward with allegations of sexual impropriety against him. CBS also has reached a deal to settle litigation over the control of the company with its controlling shareholder Shari Redstone and National Amusements Inc. with details expected to be announced […]

Canada ranks 5th in the world for people worth at least $30M US, says study

Canada ranks fifth in the world when it comes to the number of people living in a country with a net worth of at least $30 million US — beating out the likes of Switzerland and Hong Kong — according to a new wealth study. According to research firm Wealth X, Canada had around 10,840 residents worth $30 million or more of investable assets […]

Nike shares drop after choice of Colin Kaepernick for ad spurs boycott

Shares of Nike Inc. fell three per cent on Tuesday as calls for a boycott of the sportswear giant gained traction on social media following its choice of Colin Kaepernick as a face for the 30th anniversary of its “Just Do It” slogan. Former San Francisco quarterback Kaepernick, the first NFL player to kneel during […]

Are homegrown tech firms shut out of big federal IT contracts?

Canada’s homegrown tech firms say they’ve been shut out of a multimillion-dollar project to consolidate the federal government’s data operations, with American giants such as IBM and Microsoft getting the inside track. Shared Services Canada (SSC), the federal IT agency, issued a notice earlier this month inviting technology companies to qualify for a massive project […]

Canadians on track to spend almost $6B on pot this year — most of it the illegal variety

On an annualized basis Canadians spent $5.7 billion on marijuana between April and June, Statistics Canada says, as consumption of both legal and illegal varieties is growing steadily. The data agency reported Friday that spending increased by 1.2 per cent over the three-month period, with almost 85 per cent or $4.8 billion of the spending going […]

Canada’s purchase of Trans Mountain clears major U.S. hurdle

A U.S. national security review has given a green light to the Canadian government’s planned purchase of Kinder Morgan’s Trans Mountain pipeline project, moving the transaction one step closer to completion. In July, CBC News reported that the deal was contingent in part on getting clearance from the Committee on Foreign Investments in the United States, also […]