Heavy snow delays harvest after tough season for Alberta farmers

Farmers in Alberta are racing against the clock to harvest their crops after heavy rain and snow in September left fields too wet to work. The wet weather delays followed a dry summer that already had farmers bracing for a hit to their yields. Kevin Bender, who farms west of Red Deer and is the chair of the Alberta Wheat […]

U.S. unemployment rate falls to 49-year low of 3.7%

The U.S. unemployment rate fell to 3.7 per cent in September — the lowest level since December 1969 — while hiring slowed. Employers added just 134,000 jobs, the fewest in a year, the U.S. Labour Department said Friday. But that figure was likely lowered by Hurricane Florence. Florence struck North and South Carolina in the […]

Cannabis retailer Green Growth Brands raises $85M following reverse takeover

An American marijuana company whose shares will soon trade in Canada has raised $85 million in a private placement, funds the company plans to use to ramp up retail operations around the world. Green Growth Brands announced on Tuesday that it had originally hoped to raise $55 million in a recent offering, but ended up raising […]

Michael Kors reportedly ready to buy Versace for $2B

U.S. fashion group Michael Kors Holdings Ltd. has agreed to take control of Italy’s Versace in a deal that could value the company at $2 billion US, sources familiar with the matter said on Monday. The deal comes as budding luxury conglomerates, including Michael Kors’ U.S. rival Tapestry, owner of Coach and Kate Spade, are […]

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 […]

China fires back with higher tariffs on $60B of U.S. products

China on Tuesday announced a tariff hike on $60 billion of U.S. products in response to President Donald Trump’s latest duty increase in a dispute over Beijing’s technology policy. The announcement followed a warning by a U.S. business group that a “downward spiral” in their conflict appeared certain following Trump’s penalties on $200 billion of […]

Home sales increase for 4th straight month, but prices still flat nationally

Activity in Canada’s housing market has picked up after a trough earlier in the year, but on a national level average prices are still barely higher than they were a year ago. The Canadian Real Estate Association, which represents 125,000 realtors across the country, said home sales increased by 0.9 per cent in August, the […]

Hurricane costs increasing as more people choose to live in their path

As Hurricane Florence begins to hit South Carolina, the latest estimates on its intensity are coming in slightly lower than previous forecasts. But the financial toll is still likely to be steep, in no small part because it’s scheduled to hit coastal areas with extensive and expensive real estate. Risk analytics firm CoreLogic says almost a million […]

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 […]