Sask. construction industry loses 14,000 jobs over 3 years, association says

Trevor Stein’s company spent nearly a year wiring new apartment complexes in Saskatoon’s Stonebridge neighbourhood. After Stein invoiced the owner, Block 1, for more than a million dollars for wages and materials, he learned the British Columbia real estate company was seeking creditor protection. The company never did pay him or a number of other local […]

Canadian outdoor giant targets trans community in marketing campaign

Canadian outdoor retailer Mountain Equipment Co-op (MEC) is trying to tap into the hearts and wallets of the transgender community, which is often neglected by mainstream advertising and marketing.  It’s a smart move to bring in more customers but it could backfire if the campaign seems inauthentic, marketing experts say.  “It’s a positive step forward […]

Cannabis producer Aphria drops 30% after short seller calls acquisitions ‘worthless’

Shares in Canadian cannabis company Aphria Inc. fell to their lowest level in more than a year on Monday after a short seller published a report alleging the company has wasted hundreds of millions on foreign acquisitions that are essentially worthless. At a short-selling conference in New York, Gabriel Grego of Quintessential Capital Management outlined his […]

BC Hydro puts out welcome mat for bitcoin miners, but experts urge caution

In the last year, cryptocurrency firms have talked about adding as much as 5,000 megawatts to BC Hydro’s electrical load. That’s about 40 per cent of the power it currently generates, and four times the maximum capacity of the yet-to-be-completed Site C dam. Just a tiny fraction of that business has materialized so far, but […]

Algoma Steel no longer in creditor protection

One of the largest employers in Sault Ste. Marie, Ont. is now out of creditor protection and its new owners have officially taken over. Algoma Steel Inc. announced on Friday that is has successfully completed the purchase of all the assets of Essar Steel Algoma Inc. and is no longer under creditor protection. It had […]

Greater fool theory comes back to haunt bitcoin and tech stocks: Don Pittis

So, when a speculative investment plunges in value, where does the money go?  As bitcoin crashes to year-long lows, as tech stocks give up their entire 2018 gains and as global oil prices tumble to a level not seen since October 2017, it is common to to hear investing being compared to playing roulette. Sometimes, it’s harder […]

Alberta Energy Regulator spent more than $14,000 flying boss to weekly meetings

The chief executive of Alberta’s oil and gas regulator no longer lives in the province and the organization is spending thousands of dollars to cover frequent flights from his home in B.C. to meetings in Calgary and Edmonton. Expense reports posted on the Alberta Energy Regulator website show that from last November until the end of October, the organization […]

$509M paid to Sears Canada shareholders could be subject of court case

An investigation into millions of dollars in dividend payments to Sears Canada shareholders while the company was in decline could soon lead to court action. On Nov. 19, the court-appointed monitor for the retailer’s insolvency will seek permission from Ontario Superior Court to initiate proceedings against Eddie Lampert and his U.S. hedge fund, ESL Investments, […]

Canada could ratify new NAFTA even if U.S. tariffs stay put: Trudeau

Canada might ratify its new North American trade deal with the United States and Mexico even if the U.S. doesn’t drop its tariffs on Canadian steel and aluminum, Prime Minister Justin Trudeau says. In an interview with CNN, portions of which are airing Tuesday as U.S. voters cast ballots in pivotal midterm elections, Trudeau said […]