August 17th, 2018

Business

DavidsTea shareholder demands answers on Segal’s leadership, CEO search

By The Canadian Press on August 17th, 2018

MONTREAL – A major DavidsTea shareholder says the founder’s takeover of the board of directors at the beverage company will cause it to continue to lose good employees and fall far behind its potential. TDM Growth Partners, which holds 12 per cent of the company’s shares, sent a letter to three independent directors giving them ... Read More »

Be the first to comment!

Stocks in Toronto higher, inflation report helps boost Canadian dollar

By The Canadian Press on August 17th, 2018

TORONTO – The materials sector helped Canada’s main stock index push higher in late-morning trading, while the loonie climbed higher after a stronger-than-expected reading of inflation. The S&P/TSX composite index was up 52.87 points at 16,278.52. In New York, the Dow Jones industrial average was up 7.89 points at 25,566.62. The S&P 500 index was ... Read More »

Be the first to comment!

In a comeback season for Hollywood, a summer without bombs

By Jake Coyle, The Associated Press on August 17th, 2018

NEW YORK – Have you noticed something oddly tranquil about this summer movie season? For the first time in recent memory, there hasn’t been one major bomb. Usually by now, there would be blockbuster-sized craters left on the charred summer-movie battlefield, the inevitable toll of Hollywood’s most high-stakes season. But this year, summer-movie bomb-watching, long ... Read More »

Be the first to comment!

Tim Hortons says its China expansion will include menu with congee, matcha

By Tara Deschamps, The Canadian Press on August 17th, 2018

TORONTO – The president of Tim Hortons says a plan to conquer a crowded Chinese coffee market hinges on tailoring its menu to local habits and tastes – including offering congee and matcha alongside signature items like double doubles. Alex Macedo believes the coffee chain’s plan to open 1,500 stores in Asia over the next ... Read More »

Be the first to comment!

Here’s a list of July inflation rates for Canadian provinces

By The Canadian Press on August 17th, 2018

OTTAWA – Canada’s national annual inflation rate was 3.0 per cent in July, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): – Newfoundland and Labrador: 2.7 per cent (2.3) – Prince Edward Island: 3.4 (2.9) – Nova Scotia: 2.7 (2.2) – New Brunswick: 2.7 (2.2) – Quebec: 2.4 (2.0) – ... Read More »

Be the first to comment!

Here’s a list of July inflation rates for selected Canadian cities

By The Canadian Press on August 17th, 2018

OTTAWA – Canada’s national annual inflation rate was 3.0 per cent in July, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets): – St. John’s, N.L.: 2.4 per cent (2.0) – Charlottetown-Summerside: 3.6 ... Read More »

Be the first to comment!

Air Canada exec Ben Smith to face labour headwinds as new CEO at Air France-KLM

By Christopher Reynolds, The Canadian Press on August 16th, 2018

MONTREAL – Air Canada’s chief operating officer Ben Smith has been named the new CEO of Air France-KLM. The longtime No. 2 at Air Canada will be the first non-French national to helm the Franco-Dutch carrier. Smith will replace former Air France CEO Jean-Marc Janaillac, who quit more than three months ago when staff turned ... Read More »

Be the first to comment!

Bridge in Italy had unusual design, required constant work

By Alexandra Olson, The Associated Press on August 16th, 2018

NEW YORK – The bridge that collapsed in the Italian port city of Genoa was considered a feat of engineering innovation when it was built five decades ago, but it came to require constant maintenance over the years. Its design is now being investigated as a possible contributor to its stunning collapse. The Morandi Bridge ... Read More »

Be the first to comment!

NEB allows Trans Mountain to begin construction on parts of pipeline expansion

By The Canadian Press on August 16th, 2018

CALGARY – The National Energy Board says Trans Mountain Pipeline ULC can start construction on sections of its pipeline expansion between Alberta and British Columbia. The NEB says in a statement that Trans Mountain has met all applicable pre-construction condition requirements for so-called segments one to four from the Edmonton terminal to its Darfield pump ... Read More »

Be the first to comment!

Tesla Motors Canada takes Ontario government to court over vehicle rebates

By Dan Healing, The Canadian Press on August 16th, 2018

The Canadian arm of Tesla, Inc., is taking the Ontario government to court, claiming it has been treated unfairly in the cancellation of a program providing rebates to residents who bought electric vehicles. In an application for judicial review, Tesla Motors Canada says the decision by Premier Doug Ford’s government to halt the program in ... Read More »

Be the first to comment!

Trump suggests Canada has been sidelined from latest NAFTA negotiations

By The Canadian Press on August 16th, 2018

OTTAWA – Donald Trump is suggesting the United States has deliberately left Canada on the NAFTA sidelines as negotiations between Washington and Mexico have heated up in recent weeks. During a televised cabinet meeting today, the U.S. president said his administration isn’t negotiating with Canada right now, before adding that its tariffs are too high ... Read More »

Be the first to comment!