Aimia shares surge after it announced Aeroplan program changes in 2020

​Aeroplan’s parent company received its biggest boost since announcing a change in CEO in April after its shares surged more than eight per cent Friday after it unveiled changes to the loyalty program once its exclusive partnership with Air Canada ends in 2020. Aimia Inc. shares rose 42 cents, or 18 per cent, to close at $2.72 on the […]

April GDP won’t send ‘hearts racing,’ but it’s enough for July rate hike, say economists

Slowing growth in the Canadian economy in April after a series of disappointing economic indicators this month “is not going to send many hearts racing,” but economists say the better-than-expected reading is decent enough to lead the Bank of Canada to raise interest rates again next month. Statistics Canada data released Friday showed that gross domestic product (GDP) in April grew 0.1 per […]

Cineplex’s latest idea: movie theatre snacks delivered to your home

Some Canadians with a hankering for movie theatre popcorn without the trek to a cinema are in luck. Cineplex Inc. has started to offer delivery of concession stand snacks — popcorn, hot dogs, candy, nachos and soft drinks — to customers in 60 communities throughout Ontario, Alberta, B.C. and Quebec this week. One offering under […]

Profits and perils of the new Canadian pot economy: Don Pittis

“Eyes shone, cheeks were flushed, the inner light of universal benevolence broke out on every face in happy, friendly smiles.” That’s Aldous Huxley in his 1932 novel Brave New World, describing “soma,” a drug provided by the state to help citizens cope in his fictional dystopia. If you are looking for something to take the sting […]

Trump approves plan to impose tough China tariffs

U.S. President Donald Trump has approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as Friday, a move that could put his trade policies on a collision course with his push to rid the Korean Peninsula of nuclear weapons. Trump has long vowed to fulfil his […]

RV maker Winnebago gets into boating with acquisition of Chris-Craft

Recreational vehicle manufacturer Winnebago Industries says it is buying boat maker Chris-Craft to expand beyond motor homes and travel trailers and create a diversified outdoor lifestyle products company. Winnebago, based in Forest City, Iowa, hasn’t disclosed details of the transaction but said Monday it would finance the deal with cash and debt. Chris-Craft is a […]

Quebec offers financial support to aluminum producers hurt by U.S. tariffs

The Quebec government is prepared to financially support smaller aluminum producers hurt by U.S. tariffs just as it did with the softwood lumber sector, the province’s economic development minister said Monday. “If there is a risk of reducing their production or a risk of not being able to export as much, we will be there to […]