Race on to partner with Ontario’s cannabis retail licence winners

Businesses and investors are rushing to partner with the 25 winners of the Ontario cannabis retail licence lottery, with offers apparently worth millions of dollars, to be involved in the province’s first recreational weed stores set to open this spring. Olivia Brown, the founder of Hamilton, Ont.-based Professional Cannabis Consulting, says one of her clients […]

Apple to open $1B campus in Austin, Texas

Apple will build a $1 billion campus in Austin, Texas, break ground on smaller locations in Seattle, San Diego and Culver City, California, and over the next three years will expand in Pittsburgh, New York and Colorado. The tech giant said Thursday that the new campus in Austin, less than a mile from existing Apple […]

CIBC profit rises, but by less than expected

CIBC reported a higher fourth-quarter profit compared with a year ago, but fell shy of market expectations. The Toronto-based bank said Thursday the profit amounted to $1.27 billion or $2.80 per diluted share for the quarter ended Oct. 31, up from $1.16 billion or $2.59 per diluted share a year ago. On an adjusted basis, […]

Rogers sells MoneySense to Ratehub.ca

Rogers Communications Inc. has sold online personal finance magazine MoneySense to Toronto-based fintech company Ratehub.ca for an undisclosed sum. Ratehub’s core product is a rate-comparing tool that gives the site’s readers recommendations about various financial products. More than 5 million Canadians visit the site every year, the company says. Ratehub was founded in 2010 and grew slowly until receiving […]

Martinrea to close Ajax car part factory in wake of GM Oshawa news

Martinrea International Inc. says it will be forced to close an automotive factory when General Motors winds down production at its Oshawa assembly plant next year in one of the clearest indications of the knock-on effects of the closure on suppliers. Rob Wildeboer, executive chairman of manufacturer Martinrea, says the company will have no choice […]

Workers at Oshawa assembly plant suspend work as GM announces closure

Thousands of General Motors assembly plant workers in Oshawa, Ont., halted production this morning before hearing the devastating news that the automaker plans to close the facility in 2019. It’s not clear how many of the 2,500 employees will lose their jobs as part of a global restructuring move to lower carbon emissions and prepare for a […]

Drilling underway at $50M geothermal power plant near Estevan, Sask.

A major geothermal power plant has broken ground in Saskatchewan, with hopes of generating electricity by spring. The company leading the project, Deep Earth Energy Production Corp. (DEEP), announced drilling has started at the site’s location near Estevan. The drilling will be used mainly for testing purposes to set up a facility that generates five megawatts […]

Dolce&Gabbana founders apologize to China after ad, Instagram fiasco

The co-founders of Dolce&Gabbana apologized Friday in a video on Chinese social media after promotional videos seen as racist and subsequent Instagram messages stoked a furor in one of the world’s largest markets for luxury goods. Domenico Dolce and Steffano Gabbana appeared in a nearly 1 1/2 minute video posted on Weibo, a Chinese version […]

Mexican protests could signal fluctuating avocado prices this season

Avocados have become so ubiquitous they are easy to take for granted. But there’s a battle taking place behind the scenes that could cause prices to rise for the hot commodity. Canadians love avocado. In fact, imports to the country have increased 40 per cent since 2013, and the vast majority — 94 per cent — of the […]

Google says it will reform sexual misconduct rules

Google is promising to be more forceful and open about its handling of sexual misconduct cases, a week after high-paid engineers and others walked out in protest over its male-dominated culture. CEO Sundar Pichai spelled out the concessions in an email sent Thursday to Google employees. The note of contrition came a week after the […]