Canada Post pitches ‘cooling off period’ that would shelve strike until February

Canada Post has proposed a “cooling-off period” with its largest union that would see rotating strikes put on hold through the holiday season while the two sides work with a government-appointed mediator to end the dispute. The Canadian Union of Postal Workers has staged rotating strikes since the middle of October. The union rejected the company’s latest […]

‘Really toxic’: Abuse allegations continue to dog Winnipeg restaurant chain Stella’s Cafe

Three former Stella’s Cafe employees behind an online campaign to bring attention to what they call workplace harassment, unfair treatment of staff, racism, and sexual assault at the Winnipeg restaurant chain have outlined what they’d like to see done about their concerns. Christina Hajjar, 27, Kelsey Wade, 22 and Amanda Murdock, 36, are the public […]

WestJet’s first 3 long-haul Dreamliners will fly direct between Calgary and Europe

The first three of WestJet’s 10 new long-distance Boeing 787-9 Dreamliners will offer direct international flights between Calgary and Europe, the company announced Wednesday.  It marks the official move to being a full-service airline — a far cry from its beginnings as a low-cost domestic airline — but is only the first step in its international expansion […]

Toronto, Vancouver among biggest property bubbles in the world, UBS says

Swiss investment bank UBS has deemed Toronto and Vancouver to have among the world’s biggest housing bubbles, with mispricing that’s even more pronounced than it is in expensive cities like Paris and San Francisco. In an annual report published Thursday, the Swiss bank looked at 20 cities around the world that are considered to be […]

Tilray passes Canopy Growth to become world’s most valuable pot company

There’s a new name atop the rankings of pot companies, as Nanaimo, B.C.-based Tilray Inc. has passed Smith Falls, Ont.-based Canopy Growth to become the most valuable cannabis company in the world. Tilray went public on the Nasdaq in July, and has since seen its shares rise more than eightfold from $17 US on its IPO day […]

TREB must release real estate data today

The Toronto Real Estate Board as of today must release sold prices and other real estate data to its members and allow them to make it public. TREB lost its long legal battle to prevent its members from making that information public on Aug. 23, when the Supreme Court turned down its request to appeal a ruling that […]

Fiat Chrysler boosts autonomous vehicle testing in Michigan

Fiat Chrysler says it’s invested more than $30 million at its Chelsea Proving Grounds in southeastern Michigan to boost development and testing of autonomous vehicles and advanced safety technologies. The company said in a statement Wednesday that a new facility at the proving grounds begins testing this month and incudes an autonomous highway-speed track, a safety-feature […]

CIBC Q3 earnings rise 25% to $1.37B

Canadian Imperial Bank Of Commerce raised its quarterly dividend as it reported a third-quarter profit of $1.37 billion, a 25 per cent increase from the same period in 2017. RBC kicked off bank earnings yesterday with an 11 per cent increase in third quarter profit. CIBC says it will now pay a quarterly dividend of $1.36 […]

E-commerce giant Shopify bans sale of some firearms and accessories

Shopify is taking aim at weapons companies by banning the sale of some firearms and accessories on its platform. The Ottawa-based e-commerce giant quietly made changes to its policies this week to keep its merchants from using its technology to sell everything from semi-automatic firearms that accept detachable magazines to accessories including grenades, rocket launchers […]

Tesla shares fall 5% on Wall St. skepticism, SEC probe reports

Tesla Inc.’s shares slipped almost five per cent to a two-day low on Thursday, wiping out all the gains fuelled by chief executive Elon Musk’s recent tweet announcing a plan to take the company private. Shares fell early in the day following Wall Street’s skeptical response to Musk’s idea of going private and a Wall Street […]